Alexandra Farcas 
Facebook has officially signed a lease for over 1.5 million square feet of Manhattan office space at Hudson Yards, after months of rumors about the company’s interest in the location. The tech behemoth will be taking over 30 floors in three of the Hudson Yards buildings, developers Related Cos. and Oxford Properties Group announced last week.
The bulk of the space is represented by 1.2 million square feet at 50 Hudson Yards. Set for completion in 2022, the 2.9-million-square-foot, LEED Gold-designed tower will feature amenities such as outdoor terraces, private sky lobbies, valet parking, and direct access to the No. 7 Subway station. Here, Facebook will be joining anchor-tenant BlackRock, which has leased 850,000 square feet across 15 floors for its world corporate headquarters.
The lease also includes 265,000 square feet at 30 Hudson Yards and 57,000 square feet at 55 Hudson Yards. The tenant list at 30 Hudson Yards features names like WarnerMedia, Wells Fargo Securities and DNB, while the one at 55 Hudson Yards includes Boies, Schiller & Flexner, Silver Lake and Mount Sinai Health System.
“When considering the next phase of our growth in the city, it was important that our newest office space was situated in the heart of a vibrant community that offered access to arts, culture, media and commerce,” said John Tenanes, VP of Global Facilities and Real Estate for Facebook. “Hudson Yards offered this and more, and we’re excited to expand our offices there starting in 2020.”
Cushman & Wakefield represented Facebook in the transaction, while Related handled the negotiations in-house. Following the deal, 30 Hudson Yards in now fully leased, 55 Hudson Yards is 99 percent leased and 50 Hudson Yards is 75 percent leased. Overall, occupancy at Hudson Yards now rest at 91 percent.
Though it is still not clear which Facebook employees will move to the Hudson Yards offices, the social media company plans to keep its current Manhattan locations at 770 Broadway, 225 Park Ave. South and 335 Madison Ave.
Facebook isn’t the only tech giant to have its eye on Manhattan. According to GlobeSt, Google signed a lease for 1.3 million square feet of office space at St. John’s Terminal in West Village earlier this year.
