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
JLL CEO Christian Ulbrich. (Getty)
JLL explores sale of China property management wing
JLL explores sale of China property management wing
From left: Vornado Realty Trust’s 11 Penn Plaza and Apple’s Tim Cook, The Farley Post Office building and Facebook’s Mark Zuckerberg, Durst Organization’s One Five One and ByteDance CEO Zhang Yiming (Getty, VNO, SOM, Durst)
Big Tech firms led office leasing in 2020
Big Tech firms led office leasing in 2020
From left: JLL’s Tim Rivers, Levine Kellogg’s Jeffrey Schneider, Meland Budwick’s Mark Meland, Blanca Commercial Real Estate’s Tere Blanca, Savills’ Tom Capocefalo and Collier’s Jonathan Kingsley
The money’s moving to South Florida. Will the office leases follow?
The money’s moving to South Florida. Will the office leases follow?
Newmark’s Barry Gosin (left) and CBRE’s Bob Sulentic
Weird flex but OK: How CRE giants hope to cash in on the future of the office
Weird flex but OK: How CRE giants hope to cash in on the future of the office
 JLL CEO of capital markets Richard Bloxam and Roofstock CEO Gary Beasley (JLL, Roofstock, iStock)
JLL gets in rental home business
JLL gets in rental home business
images from the old IBM campus (Kingston — The IBM Years via Facebook.)
Ulster County eyes revamp of long-closed IBM campus
Ulster County eyes revamp of long-closed IBM campus
JLL CEO Christian Ulbrich (Photo via Jll/Twitter; Photo Illustration by Kevin Rebong for The Real Deal)
JLL earnings fell 24% in 2020
JLL earnings fell 24% in 2020
arrow_forward_ios

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

Loading...