Will the venture capital funding surge that propelled tech leasing continue into 2019?
By Ken McCarthy, Principal Economist
In 2018 the technology sector in the U.S. cemented its position as a major driver for the U.S. economy and office market. Funding for tech-related businesses soared and the number of companies with valuations of $1.0 billion or more—popularly known as Unicorns—reached a record 156. Venture capital investments roughly doubled in 2018, rising from $72 billion in 2017 to $131 billion in 2018, the largest amount invested by venture capital funds since the all-time high of $188 billion in 2000.