Apple Joins Big Tech Rivals In Search For Large Manhattan Office Space

Apple is said to be prowling around New York City for hundreds of thousands of square feet of office space.

The firm is looking for between 200K SF and 750K SF, The Real Deal reports.

On the table for the offering is a who's who of big, new office projects: 50 Hudson Yards, where BlackRock is taking space, Related and Vornado’s Farley Post Office redevelopment and SL Green’s One Madison Ave.

Rumors have been swirling about various tech companies' Big Apple growth plans, and where they intend to plant their office flag. Facebook is said to be on the hunt for space, and there are reports that it is in talks for 1.5M SF at several buildings.

Amazon, which already has 5,000 employees in the city, is also said to be looking for more offices for an expanded headcount. Earlier this week, the New York Post reported that it is looking at 400K SF at SL Green's 460 West 34th St.

Earlier this month, reports emerged that Amazon was considering leasing all or some of the space at WeWork’s Lord & Taylor building, which has been slated for WeWork’s new headquarters. Meanwhile, Google has firmed up plans for a huge new campus at St. John's Terminal in Hudson Square.

On the whole, New York City's office leasing market has been red-hot in recent years. The average rent in Manhattan hit a new record of $80 per SF in the second quarter, according to Transwestern Commercial Services.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Bally's Lines Up $560M Loan For Bronx Casino: The N.Y. Deal Sheet

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

Hines And Rialto Close Office Credit Fund At $1.1B

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Taconic Partners Sheds Another NYC Life Sciences Property

Northern Virginia Office Tower Sells For Double Its 2024 Price

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Office Revenues Are Failing To Keep Pace With Expenses

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Stephen Ross Expands Palm Beach Empire With Massive Boca Raton Campus