Glow of Google grows

New York /
Apr.April 18, 2012 11:30 AM

The much-hyped ascendance of the technology sector in New York City, and especially in Midtown South, has officially arrived, as the New York Post reported. Top-shelf companies such as Facebook, Amazon and IBM are shopping for space in Chelsea, the Meatpacking District and the Flatiron area, the paper said.

Since Google’s purchase of 111 Eighth Avenue and subsequent expansions into additional spaces in the area, a generous section of Manhattan near the mammoth building has seen renewed interest from tech.

The firms are reportedly looking for between 40,000 and 120,000 square feet — and that much space can be hard to find in the tightest office leasing market in the country.

James Wenk, senior vice president at Jones Lang LaSalle, who leases to technology tenants in the area, told the Post that both Facebook and Amazon are “perpetually” in the market for more space. [Post]


Related Articles

arrow_forward_ios
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)
Facebook close to finalizing Hudson Yards office deal: report
Facebook close to finalizing Hudson Yards office deal: report
From left: Adam Altman, Martin Nussbaum, Brian Cooper, Joe Koicim
Photos: Inside Slate Property Group’s holiday party at Casa Cipriani
Photos: Inside Slate Property Group’s holiday party at Casa Cipriani
JLL Income's Allan Swaringen
JLL really wants to be a single-family megalandlord
JLL really wants to be a single-family megalandlord
JLL’s Bob Knakal and Jonathan Hageman with 245 West 55th Street (JLL, LoopNet)
Oscar-winning film lab selling Midtown property after 100 years
Oscar-winning film lab selling Midtown property after 100 years
(Illustration by The Real Deal with Getty)
Northeast industrial market still breaking records, but may have peaked
Northeast industrial market still breaking records, but may have peaked
From left: Amazon’s Andy Jassy and Innovo’s Andrew Chung along with a rendering of 2505 Bruckner Boulevard (Getty, Amazon, Innovo)
Amazon takes 568K sf at Innovo, Square Mile’s Bronx industrial complex
Amazon takes 568K sf at Innovo, Square Mile’s Bronx industrial complex
Mark Zuckerberg with 225 Park Avenue South
Meta to spend $3B to shrink office footprint
Meta to spend $3B to shrink office footprint
Prologis CEO Hamid Moghadam and CFO Timothy Arndt (Prologis, Getty)
Prologis CEO denies Amazon, FedEx industrial pullback
Prologis CEO denies Amazon, FedEx industrial pullback
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...