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Less Venture Capital for Tech Start-Ups

Venture capital rained down on companies in New York City in the third quarter of 2017. But technology start-ups got a much smaller share of the cash.

Even with less venture funding, however, technology companies continue to sign new leases for office space. Companies in the technology, advertising, marketing and information sector leased 26.7% of the total office space leased, according to research from JLL.

New York City companies overall raised a total of $4.2 billion in venture capital in the third quarter. That’s the biggest quarterly total ever. And it’s up from $2.6 billion in the second quarter.

New York City technology start-ups raised just $1.6 billion over the same period, down from $2.3 billion in the second quarter.

For comments, questions or concerns, please contact our New York commercial real estate editor Bendix Anderson

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