We examine the underlying connection between commercial real estate opportunities and urban tech trends specific to New York and New Jersey.
Our analysis finds that neighbourhoods exhibiting continuous growth in millennial talent offer unique real estate opportunities to investors and technology innovators.
It is imperative to understand the implications of New York City as a technology trailblazer and millennial magnet from a commercial property perspective. We believe that with real estate trends shifting away from being predominantly finance-driven, certain neighbourhoods in New York City will become millennial magnets and top performers in tomorrow’s world.
While New York will remain the capital of financial transactions and discourse, our research provides a platform for investors and technology innovators to create holistic viewpoints and educated predictions of where millennials and young talent will continue to cluster in New York City.
Nuveen Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). Nuveen Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisors, LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, member FINRA. Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. Nuveen Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. Please note real estate investments are subject to various risks, including fluctuations in property values, higher expenses or lower income than expected, and potential environmental problems and liability. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors.