NEW YORK– Newmark announces the launch of its Technology & Innovation Practice Group. Focused on Technology, Advertising, Media and Information (TAMI) and Technology, Media and Telecom (TMT) tenants within the office sector, the specialty practice group boasts a growing international network of tech-focused commercial real estate professionals.
The formalization of the specialty practice group is the culmination of years of successful tech tenant representation, reflecting the cross-market collaboration that has fueled the platform’s growth.
Newmark’s Technology & Innovation Practice Group was incepted five years ago by Jimmy Kuhn, Newmark President and Head of Investor Services, in conjunction with industry experts now leading the group – Vice Chairmen Elizabeth Hart (San Francisco) and Ben Shapiro (New York City) and Senior Managing Directors Andrew Blaustein (Denver) and Jennifer Frisk (Los Angeles).
Through a creative, hands-on approach, the Technology & Innovation Practice Group’s professionals have served clients ranging from start-ups to Fortune 500 companies in burgeoning and major markets. The group optimizes a full suite of real estate solutions for its clients, from strategic planning and advisory in site selection, distributed office mapping, growth planning and workplace strategy, to execution–acquisition, disposition, leasing, subleasing, financial analysis, project management and portfolio management.
“The formal recognition of Newmark’s Technology & Innovation Practice Group is a testament to the tireless dedication and vast expertise of all our tech professionals,” stated Kuhn. “This group combines each member’s well-established market intelligence and strong relationships across the industry to streamline and strengthen a wide range of real estate solutions for our clients.”
The Technology & Innovation Practice Group publishes leading industry news, interviews, trends and research through its Tech Connect newsletter, providing insights into North America’s top tech cities.
“The TAMI and TMT sectors require an innovative and collaborative approach focused on technology,” said Hart. “The formation of the Technology & Innovation Practice Group allows Newmark to apply its expertise to complement the next-generation workplace, cultivating a variety of best practices to advance the tech industry’s ethos across the globe.”
According to Newmark Research, tech employment reached an estimated 12.2 million workers in 2020. This number was flat year over year, up by just 0.1% (approximately 11,900 jobs) from 2019 and accounts for 7.9% of the overall U.S. workforce. From 2015 to 2020, 1.1 million tech jobs were added nationally, more than 224,000 per year. Looking ahead, the technical workforce is projected to add 245,514 new jobs by the end of the year or grow by 2.0%, based on a strong start to 2021 so far and momentum from an expected return to normalcy in the broader economy.
