Ezra Beyman, Chairman of Empire National Holdings, On New York

When it comes to tech, New York City is where it's at, and that means real estate technology is following suit. The technology boom in 2019 is spanning across the metropolis and not only in Midtown South. Tech is setting up house downtown, in Brooklyn, in Queens, etc. With giants like Google planning to double its workforce in the city and Apple, Uber and Facebook also expanding their presence there, tech keeps gaining ground in NYC.

In February, Savills paid recognition to the Big Apple by calling it "the No. 1 tech city in the nation." Savills is a global real estate services provider listed on the London Stock Exchange.

For example, PropTech Place has recently debuted at 214 W. 39th Street in Manhattan. The grand facility was designed as a co-working space for real estate technology startups and talent. Venture capital fund MetaProp was behind the project's development. Already, PropTech Place includes a strong mix of investors, early-stage startups and academics. MetaProp has moved its company headquarters into the co-working space and plans on investing $3 million into technology, programming and buildings over the next five years.

James Patchett, president and CEO of the New York City Economic Development Corporation, sees PropTech Place as a win-win for the city's economy, the workforce there and for attracting the top industries to NYC.

Patchett calls NYC the "undisputed real estate capital of the world," suggesting that there are plenty of properties available for industrial, commercial and residential purposes.

Amazon may have pulled the plug on its Queens campus headquarters, but that's seen as a minor blip on the screen. Tech has become a rising force in the local economy. The Bureau of Labor Statistics shows that technology-focused companies employed more than 130,000 people in New York in 2017, up from 80,000 a decade earlier.

Major tech companies are also increasing their political influence in New York state with large donations. Some of these brands include Alphabet (Google), Microsoft, Facebook, Apple, Amazon and Netflix.

Meanwhile, PropTech Place features a constant array of educational exhibits at its facility. These exhibits rotate every 30 days and showcase pioneering innovations that are hot off the press. PropTech is currently highlighting three exhibits which display up to a dozen, cutting-edge real estate technologies.

About Ezra Beyman

Ezra Beyman is an experienced professional who works in the real estate and home insurance industries. Ezra Beyman serves as the founder and chairman of Empire National Holdings. Ezra Beyman is based out of New York City. Ezra enjoys working in and providing for the city that has given him so much. He respects and cares deeply for his community.