Online investment platform CrowdStreet is bucking a bit of a trend and moving its headquarters from Austin Texas to New York City.
In recent years, there have been many reports about companies exiting high-tax states like California and relocating to low-tax states like Florida and Texas. At the same time, tech hubs like San Francisco have suffered under horrible political leadership. However, following the COVID speed bump, New York City has recaptured some of its post-pandemic glimmer as it continues to bring employees back, and tech firms are recognizing the benefits of a vibrant entrepreneurial ecosystem, especially in financial services.
CrowdStreet says it has leased approximately 3000 square feet on a five-year lease, which also marks an office expansion.
John Imbriglia, CEO of CrowdStreet, says the move marks an important new chapter for his company.
“Our increased footprint will enable us to better serve our members, attract some of the best talent in the world, and strengthen our leadership in providing direct access to private market investment opportunities.”
Shaun Mulreed, CrowdStreet’s Chief Operating Officer, says the move is emblematic of its plans to scale its services.
Crowdstreet, a regulated Broker Dealer, reports that as of February 2025, its accredited members have invested billions of dollars through its platform, where they have accessed more than 800 investment opportunities. CrowdStreet focuses on alternative investments, especially in commercial real estate sector.