NORTHEAST SNAPSHOT - UPSTATE NEW YORK INDUSTRIAL MARKET
Howard Carr, president of The Howard Group/TCN Worldwide
Northeast Real Estate Business
High tech development in the “Tech Valley” portion of New York State has the market poised to begin accommodating the needs of companies that support and supply the high technology manufacturing industry.
In Malta, New York, which is near Saratoga Springs, the construction of the new $4.6 billion Global Foundries chip plant has created a need that is unfulfilled. The support functions for this plant, along with the related supply functions, will cause an unprecedented demand for high tech space that can be flexible in its format to accommodate the needs of the users. In addition to current development, there is a rumor that Global will construct the second module of the three approved and planned for Fab 8 at the Luther Forest Technology Park in Malta. Considering this information, the stars seem aligned to bring substantial growth in the high technology category to Upstate New York…read more.
Read the complete article online at:
http://northeastrebusiness.com/articles/SEP11/snapshot1.html