Tuesday, November 4, 2025
In today’s digest, Election Day is finally here, good news for A and L subway riders, and the latest data on the flexible workspace industry. 🖥️🌱
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It’s Election Day in New York and voters are turning out in droves to decide who will lead City Hall. 🗳️ (ABC New York)
Poll sites are open until 9pm. If you’re in line by 9, you can stay in line to cast a ballot.
By late afternoon today, more people had already voted in this year’s race than cast ballots in any mayoral election in 25 years.
Don’t know where to vote? Click here to find your poll site.
When will we know the results? The first results will come in shortly after the polls close and will continue to roll in throughout the night. In 2021, the Associated Press declared Eric Adams the winner around midnight.
NYC is looking safer than ever. Shootings and subway crimes in the city hit all-time lows this month. Burglaries also declined by nearly 9% last month, the third-lowest October in recorded history and the third consecutive year that crime has trended downward. 🦺 (NY Post)
The MTA has upped service on the A and L train lines, using revenue raised from congestion pricing tolls that took effect in January 2025. 🚆 (amNY)
The added trains will result in more frequent A line trips and reduced wait times, while the L line will now have four additional round-trips between Manhattan and Brooklyn to help the morning rush.
👑 Referral royalty: Big thanks to Alana Tang, Alina Asisof, Gabrielle Rancourt, Jamie Katcher, and Lisa Grimm for referring subscribers to the Tech:NYC Digest this week! Join them and win swag by participating in our referral program — details at the end of this email.
In other reading:
All the NYC celebrities pulling up to the polls (The Cut)
The best brunch spots in NYC (Eater)
SNL holds its own debate of New York City mayoral hopefuls (New York Times)
The State of Coworking
If it wasn’t official before, it is now: The coworking industry has left the post-pandemic chaos behind.
What’s 🆕: Q3 data from Coworking Cafe shows a sector that's found its footing again, with 8,420 flexible workspaces spanning 152 million square feet nationwide. 🏢
Here's what you need to know:
🌎 Zoom out: The volatile coworking sector has stabilized.
Manhattan still leads in density with over 42,000 sq. ft. per location, but cities like Dallas-Fort Worth, Atlanta, and Denver are quietly building empires of their own.
Average site sizes hover around 18,000 sq. ft. nationally — operators are optimizing for hybrid teams rather than chasing scale.
Coworking still accounts for only 2.1% of total U.S. office space, proving there's plenty of room to grow.
New York state of coworking: Manhattan ranks fifth nationally with 287 spaces totaling 12.06 million sq. ft. — the largest footprint in the nation — while Brooklyn hosts 82 coworking spaces totaling 1.76 million sq. ft.
💰 Pricing levels out: National median rates sit at $225/month for memberships and $30 for day passes, a sign that competition and occupancy have reached a healthy balance. But New York is on the high end of those averages (no surprise there):
Manhattan memberships average $339/month, the most expensive in the nation, while Brooklyn comes in right behind at $320/month.
Meeting rooms in Manhattan also lead nationally at $67/hour. Day-passes cost an average of $39, and virtual offices are priced at $129/month.
⚠️ Yes, but: Growth is now regional, not just coastal.
The Northeast still commands premium pricing, but the Sun Belt is building out fast — Texas alone hosts 600+ coworking locations across Dallas, Houston, Austin, and San Antonio.
Secondary markets like Raleigh-Durham, Nashville, and Phoenix are no longer “emerging” — they're established players with hundreds of spaces each.
🏆 Who's winning: In New York, WeWork operates the largest network (28 locations in Manhattan), followed by Industrious (26) and Regus (22).
Bottom line: Coworking is building with stability, one deliberate location at a time, with numbers that prove it's working.
In other reading:
How one tech startup is giving cash to SNAP recipients (NPR)
The right way to interview senior talent, according to the former CEO of Coach (HBR)
Stop choosing between being a friend or a leader. The best executives do both (Fast Company)
Helex, an NYC-based biotech focused on kidney diseases, raised $3.5 million in seed funding. Pi Ventures led the round, with participation from Bluehill Capital, SOSV, and others.
Liquid, an NYC-based financial trading mobile app, raised a $7.6 million seed round. Paradigm led the round, joined by General Catalyst.
November 7: AcceleratorCon, for top early-stage founders connect directly with investors, accelerators, and ecosystem partners. Register with promo code NYCDIGEST for a 30% discount here.
November 10: NYU Tandon Future Labs x Morrison Foerster Catalyst SS25 AI Startup Showcase: The Elevator Pitch, an evening of AI innovation and networking where NYC’s VCs, angels, and founders gather to watch nine pre-seed AI startup demos perform live elevator pitches (yes, in an actual elevator) and a competition to crown the Top New AI Startup of the Night. Register here.
November 11-12: Urban Tech Summit, offering insights and examples of how researchers, companies, governments, and communities can continue to drive innovation, and how urban tech can help cities do more with less as they prepare for the future. Register here.
November 12: Commonweal <> MarkOne Healthcare Happy Hour, for healthcare founders, operators, and executives. Register here.
November 12: From Lab to Launch: Female Founders Building in Deep Tech, a curated cocktail hour followed by an intimate panel discussion with female founders and leaders in the deep tech space. Register here.
November 13: Curated Founder Breakfast (Seed+), a private breakfast for a curated group of founders that have raised a Seed round. Register here.
November 17-18: Momentum AI Finance 2025, bringing together 300+ senior financial leaders to share real-world strategies for scaling intelligent automation, building trusted AI stacks, and driving responsible innovation across the industry. Register here.
November 19: Evaluation and Validation of LLMs in Healthcare, a public workshop and panel on best practices for making sure LLMs in healthcare behave like they're supposed to. Register here.
November 19: Join Glean and The Atlantic’s CEO Nicholas Thompson for Beyond Pilots: How Organizations Can Turn AI Into Real Results, a summit on AI produced by Glean. Apply to attend in person here.
November 19: Decoded Futures Build Day, a day of collaboration between technologists and nonprofit organizations to explore practical, hands-on ways to apply AI to real challenges. Register here. Want to volunteer? Apply here.
December 4: H-1Bs: Who Wins and Who Loses?, a lively, high-stakes debate between a Rutgers professor and the Executive Director of an immigration think-tank on whether H1Bs and other non-immigration visas help American innovation more than they hurt American labor. Register here.
December 10-11: The AI Summit New York, a platform for enterprise leaders and tech innovators to explore and apply commercial AI, featuring Flybidge’s Jesse Middleton, NYCEDC’s Jonathan Schulhof, and Tech:NYC’s Julie Samuels discussing NYC’s startup ecosystem. Register here.
December 10: The AI Summit NY Healthcare Happy Hour, a mixer for healthcare and pharma professionals after day one of the AI Summit in New York. Register here.
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