{"id":36801,"date":"2019-12-19T16:25:26","date_gmt":"2019-12-19T14:25:26","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=36801"},"modified":"2021-09-30T16:55:46","modified_gmt":"2021-09-30T13:55:46","slug":"top-tech-companies-taking-manhattan-office-space-in-2019","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2019\/12\/19\/top-tech-companies-taking-manhattan-office-space-in-2019\/","title":{"rendered":"Top Tech Companies Taking Manhattan Office Space in 2019"},"content":{"rendered":"\n

Tech companies are seemingly everywhere gobbling up major chunks of office space, especially in NYC\u2019s most densely populated borough, Manhattan<\/a>. Some of the companies making the largest impact are Amazon, Google, Facebook, Adobe, and LinkedIn.<\/p>\n\n\n\n

<\/span>Amazon <\/span><\/h3>\n\n\n\n

In\nFebruary, Amazon walked away from plans to build its second corporate\nheadquarters in Long Island City, Queens. The e-commerce behemoth faced\nbacklash from those who claimed the company did not deserve the nearly $3\nbillion in government incentives it would have received had it followed through.<\/p>\n\n\n\n

But Amazon is back with a new lease on the West Side of Manhattan. Reported to open in 2021<\/a>, Amazon will open a new 335,408-square-foot office in SL Green\u2019s 410 Tenth Avenue, which will house more than 1,500 employees from Amazon\u2019s consumer and advertising teams.<\/p>\n\n\n\n

\u201cWe plan to continue to hire and grow organically across our 18 tech hubs, including New York City,\u201d an Amazon spokesperson stated in The New York Times<\/a>.<\/p>\n\n\n\n

Amazon\nhas already leased 360,000 square feet of space across the street from this new\nsite at 5 Manhattan West. <\/p>\n\n\n\n

<\/span>Google <\/span><\/h3>\n\n\n\n

The tech giant announced it will occupy 1.7 million square feet<\/a> across three locations in Hudson Square to create \u201cGoogle Hudson Square\u201d. The $1 billion expansion includes two buildings located at 315 and 345 Hudson Street with more office space next to 550 Washington Street.<\/p>\n\n\n\n

\u201cWhen\nwe came to New York City almost two decades ago, it was our first office outside\nof California. It\u2019s now home to more than 7,000 employees, speaking 50\nlanguages, working on a broad range of teams including Search, Ads, Maps,\nYouTube, Cloud, Technical Infrastructure, Sales, Partnerships and Research,\u201d\nRuth Porat, SVP and CFO at Google.<\/p>\n\n\n\n

In\n2018, Google also announced a $2.4 billion purchase of the Manhattan Chelsea\nMarket and also shared plans to lease additional space at Pier 57. <\/p>\n\n\n\n

<\/span>Facebook <\/span><\/h3>\n\n\n\n

Hudson Yards certainly is a popular spot for the world\u2019s tech elite. Social media titan Facebook recently leased 1.5 million square feet<\/a> across three buildings. This includes roughly 1.2 million square feet at 50 Hudson Yards, 265,000 square feet at 30 Hudson Yards and 57,000 square feet at 55 Hudson Yards.<\/p>\n\n\n\n

According to reports from Bloomberg<\/a>: \u201cThe lease is one of the biggest-ever real estate transactions for Facebook, which opened its first New York offices in 2007, the company said in a statement. Employees will start moving to Hudson Yards in 2020, but it hasn\u2019t been determined what teams will work in the new offices.\u201d<\/p>\n\n\n\n

<\/span>Adobe<\/span><\/h3>\n\n\n\n

Software firm Adobe has renewed its lease at the 1540 Broadway office tower, quadrupling its space to 109,296 square feet<\/a>. Adobe already leases the 17th floor and will expand across the 18th, 19th and 20th floors of the skyscraper.<\/p>\n\n\n\n

The deal is reportedly<\/a> for 10 years and rents were not disclosed for this EDGE Fund Advisors-owned building.<\/p>\n\n\n\n

<\/span>LinkedIn<\/span><\/h3>\n\n\n\n

LinkedIn took an additional three and a half floors at one of Manhattan\u2019s most iconic buildings, the Empire State Building. The business social networking site is improving its NYC headquarters and will reportedly take more than 500,000 square feet<\/a> across 11 floors at the office tower. <\/p>\n","protected":false},"excerpt":{"rendered":"

Tech companies are seemingly everywhere gobbling up major chunks of office space, especially in NYC\u2019s most densely populated borough, Manhattan. Some of the companies making the largest impact are Amazon, Google, Facebook, Adobe, and LinkedIn. Amazon In February, Amazon walked away from plans to build its second corporate headquarters in Long Island City, Queens. The…<\/p>\n","protected":false},"author":63,"featured_media":36827,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89,376,2518],"tags":[279],"class_list":["post-36801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manhattan-real-estate","category-new-york-commercial-real-estate","category-real-estate-news","tag-manhattan-office-building"],"yoast_head":"\nTop Tech Companies Taking Manhattan Office Space in 2019 - PropertyShark Real Estate Blog<\/title>\n<meta name=\"description\" content=\"Tech companies are gobbling up major chunks of office space, especially in Manhattan. 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