Uber looking for large Manhattan office ahead of planned $100B IPO

Ride hailing startup is checking out buildings in Midtown, World Trade Center

TRD New York /
Apr.April 24, 2019 04:30 PM
Uber CEO Dara Khosrowshahi and Bryant Park (Credit: Uber and Wikipedia)

Uber CEO Dara Khosrowshahi and Bryant Park (Credit: Uber and Wikipedia)

Ride-hailing startup Uber is looking for a big new office in Manhattan ahead of its anticipated $100 billion initial public offering next month.

The company has been scoping out buildings in Midtown near Bryant Park and 3 World Trade Center for somewhere between 250,000 and 300,000 square feet, sources told Crain’s.

CBRE is handling the company’s search.

Uber in February signed a lease for a new 35,000-square-foot office at 1400 Broadway in Midtown. And it already has an office near Hudson Yards at the Terminal Stores measuring roughly 64,000 square feet.

It wasn’t immediately clear if Uber plans to consolidate any of its existing offices into a new space.

Uber filed paperwork earlier this month disclosing that it plans to seek a valuation as high as $100 billion through its IPO. The city last summer put a cap on the number of licenses it doles out to large ride-hailing companies for one year following a spate of suicides by drivers hurt by the industry’s rapid explosion. [Crain’s] – Rich Bockmann

 

Related Articles

arrow_forward_ios
Dan GIlbert (Getty, iStock)

Mortgage mogul Dan Gilbert sees net worth quicken to $34B

Mortgage mogul Dan Gilbert sees net worth quicken to $34B
28 Liberty Street (Wikipedia)

Manhattan’s office leasing sees busiest month since January

Manhattan’s office leasing sees busiest month since January
Maison Kayser (Photo via Tools of Men via Flickr)

Maison Kayser may bid New York adieu

Maison Kayser may bid New York adieu
Newmark’s Brian Waterman with 7 Hanover Square (Google Maps, Twitter)

Newmark nabs REBNY prize for deal with NYC Health + Hospitals

Newmark nabs REBNY prize for deal with NYC Health + Hospitals
Dan Gilbert (Getty, iStock)

Parent of Quicken Loans, Rocket Mortgage seeks $3.3B in IPO

Parent of Quicken Loans, Rocket Mortgage seeks $3.3B in IPO
The legislation from a City Council member introduced a bill to temporarily repeal the commercial rent tax for businesses during the Covid-19 state of emergency. (Getty, iStock)

Commercial rent tax cut introduced in City Council

Commercial rent tax cut introduced in City Council
Michael Rudder, James Nelson, 141 Wooster Street and 633 Third Avenue (Google Maps)

The Outlook: Industry experts break down Manhattan’s office condo market

The Outlook: Industry experts break down Manhattan’s office condo market
Peter Nicoletti and Colliers' David Amsterdam

Colliers taps JLL’s Peter Nicoletti to lead capital markets

Colliers taps JLL’s Peter Nicoletti to lead capital markets
arrow_forward_ios

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

Loading...