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Overall venture funding surges in Q3, but tech’s share falls/460/new-york-11-6-17-venture-funding-surges<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/abstract-geometric-texture-background.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/460/new-york-11-6-17-venture-funding-surgesOverall venture funding surges in Q3, but tech’s share falls​After WeWork closed two mega-funding rounds totaling almost $2.5 billion in the third quarter, New York City venture capital surged to its highest quarterly total on record.
New developments in Midtown South can help alleviate supply constraints/442/new-york-10-30-2017-new-developments-in-midtown-south<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/interior-of-busy-modern-open-plan-office-jll.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/442/new-york-10-30-2017-new-developments-in-midtown-southNew developments in Midtown South can help alleviate supply constraints​Midtown South is set to deliver 2.8 million square feet of space through 2021—a welcome uptick of supply in a market that has seen some large-scale tenants relocate due to lack of available space.
Hudson Yards/ Manhattan West leasing activity outperforms in 2017 /423/new-york-city-10-23-2017-hudson-yards-and-manhattan-west-leasing-activity<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-grid-pattern-city.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/423/new-york-city-10-23-2017-hudson-yards-and-manhattan-west-leasing-activityHudson Yards/ Manhattan West leasing activity outperforms in 2017 ​Hudson Yards/ Manhattan West (HY/MW) has been the focus of Midtown as tenants have been flocking to the West Side.
Composition of new entrants highlights Downtown’s value proposition in the market/405/new-york-city-10-16-2017-composition-of-new-entrants<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-office-dark-sky.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/405/new-york-city-10-16-2017-composition-of-new-entrantsComposition of new entrants highlights Downtown’s value proposition in the market​Midtown South-based companies represent the majority of relocations to Downtown in 2017―a testament to Lower Manhattan’s thriving culture and relative value.
Books and home furnishings most impacted by e-commerce/385/new-york-10-9-17-e-commerce-impacts<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/retail-education-books.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/385/new-york-10-9-17-e-commerce-impactsBooks and home furnishings most impacted by e-commerceAccording to a recently released JLL Retail Research report entitled “Bagged or Boxed: The Future of 13 Retail Categories”, books and other gifts is the category most heavily affected by the impact of e-commerce, with online transactions accounting for 24.6 percent of their 2016 revenue.
Manhattan office development sales activity pushes ahead while other property types waver/372/manhattan-office-development-sales<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/interior-office-empty-workstations.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/372/manhattan-office-development-salesManhattan office development sales activity pushes ahead while other property types waver​Land / development sales activity has slowed thus far in 2017 compared with recent levels—following a macro trend—though office investments have already exceeded the recent annual historical high.