The thought of New York city conjures up bustling streets, yellow taxis and a skyline full of skyscrapers - but which of those buildings offer a first class digital connectivity experience?
New York is a hub for industry-leading real estate in North America. Occupiers in the city have high, modern expectations of a best-in-class user experience and their preferences show. When looking for office space, companies are attracted to a building’s commitment to strong technological capabilities as this indicates occupiers will receive a seamless digital experience. Research has shown that a certification from WiredScore, that proves first-class digital connectivity, leads to an average of 3.8% lower vacancy rates – a clear indication towards what occupiers value most (Moody’s, 2022).
An article in Propmodo also looked into this trend, examining vacancy rates across 10 locations in North America. Perhaps unsurprisingly, they found that New York had the lowest vacancy rates, proving the capital’s continuing attraction for many occupiers.
Yet with almost 80% of businesses with a physical office footprint in the city adopting a hybrid working model – a notable increase from pre-pandemic levels – the onus is on New York’s real estate to keep challenging what it can offer to remain competitive with working from other locations.
How can they do this?
Many of New York’s most sought-after office spaces have achieved their status by demonstrating their commitment to best-in-class digital connectivity and smart technology. This is certainly a factor in occupier decision making as 91% believe it is important to provide a smart-enabled office for their workers. Additionally, 80% believe that employees are more likely to use an office which has smart technology installed (WiredScore, 2023). The following buildings have all earned their places at the top of New York’s real estate market, and just so happen to have achieved WiredScore and/or SmartScore certification: