Airbnb rentals have reduced the supply of housing in New York City so sharply in the last three years that rents have risen sharply as a result, according to "The High Cost of Short-Term Rentals in New York City," a report from the Urban Politics and Governance research group School of Urban Planning McGill University

November 21, 2019 Comments Off on Tech Firm Takes Co-working Space in Williamsburg Views: 261 New York News, Outer Boroughs New York

Tech Firm Takes Co-working Space in Williamsburg

Tri State Commercial Realty arranged a 10-year, 2,000-square-foot lease for New York-based technology company Monocle Vision at 268 Metropolitan Ave. in Brooklyn’s Williamsburg neighborhood. The new location will be used as a co-working space aimed at high-tech companies and ventures.

The Tri State team, led by Moshe Akiva, represented both Monocle Vision and the owner of the recently completed mixed-use building, All Year Management.

“Monocle Vision well understands the unparalleled innovation happening within the technology industry,” said Akiva. “They see the thriving area of Williamsburg as a place that attracts early-stage technology companies seeking to pool resources and share ideas.”

He added, “Metropolitan Avenue is a dynamic part of Brooklyn, and continues to attract top-tier talent. Monocle’s new co-working space will certainly be a welcome addition to the neighborhood.”

The tenant creates image-capturing solutions for commercial retail use, and was founded by three Princeton University classmates.

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