New Jersey witnesses a 30% surge in venture capital and private equity funding in 2023 - United States
New Jersey witnesses a 30% surge in venture capital and private equity funding in 2023
Historically, an increase in VC/PE funding has been accompanied by a rise in the demand for office space. However, the current expansion of flexible working trends is disrupting this historical trend.
In 2023, VC/PE funding witnessed a significant 30% surge. More than one-third of this funding has been directed towards the tech sector, where the necessity for office space is increasingly shaped by the prevalence of flexible working arrangements.
New Jersey was one of just five regions in the United States to experience an increase in funding within the tech sector in 2023.