Facebook exec expresses confidence in office real estate

Brian Rosenthal says Manhattan offices play key role in recruitment

National /
Aug.August 31, 2020 12:03 PM
Facebook CEO Mark Zuckerberg and a rendering of the Farley Building (Getty; Vornado)

Facebook CEO Mark Zuckerberg and a rendering of the Farley Building (Getty; Vornado)

The future of office properties has been in question since the pandemic emptied out Manhattan.

But Brian Rosenthal, a senior executive at Facebook, told Business Insider that having a physical space in New York is critical for the social media giant.

“So much of what we do is collaborative,” Rosenthal said. “[Software is] like writing a book together where all the plots have to connect and make sense and there are thousands of authors. It’s really hard to do if you’re not co-located in the same space and it’s important to even be able to see each other in the same space.”

That explains why Facebook signed a 730,000-square-foot lease at the Farley Post Office redevelopment earlier this month, even after some tech companies extended work-from-home policies or made them permanent.

Rosenthal added that the Facebook offices, such as the one in the Farley building owned by Vornado Realty Trust, will play a key role in product development, collaboration, growth, and recruitment — particularly for senior executives.

“Hiring senior people and having senior people able to grow their career here means having some of the most important technology challenges for the company here also,” Rosenthal said. [Business Insider] — Akiko Matsuda


Related Articles

arrow_forward_ios
Port of Chicago (BartShore/Wikipedia, iStock)
Big development opportunity on tap at Port of Chicago
Big development opportunity on tap at Port of Chicago
Amita CEO Keith Parrott and the Amita Health’s Lisle headquarters at 2601 Navistar Drive in Lisle (Amita, Google Maps)
Amita Health adds to wave of suburban office subleases
Amita Health adds to wave of suburban office subleases
From left: DL3 Realty’s Leon Walker, Discover’s Roger Hochschild, Mayor Lori Lightfoot, and 8560 South Cottage Grove Avenue. (DL3, Discover, Getty, Google Maps)
DL3 Realty signs Discover to big South Side lease
DL3 Realty signs Discover to big South Side lease
Blackstone’s Jonathan Gray and CenterPoint CIO Jim Clewlow with one of the properties, 225 Spring Lake Drive, Itasca (Getty, Linkedin, Google Maps)
Blackstone expands industrial reach with $151M Chicago buy
Blackstone expands industrial reach with $151M Chicago buy
(Arlington Park, Google Maps)
Churchill Downs looks to sell 326-acre Arlington Park race track
Churchill Downs looks to sell 326-acre Arlington Park race track
Chicago this week raised indoor dining to 40% of a venue's capacity. (iStock)
Filling up: Chicago boosts indoor dining capacity
Filling up: Chicago boosts indoor dining capacity
Photo illustration of the Silver Lake Country Club (Silver Lake CC, iStock/Illustration by Kevin Rebong for TRD)
Orland Park golf club hits market as residential redevelopment
Orland Park golf club hits market as residential redevelopment
Sterling Bay CEO Andy Gloor and Prudential Plaza (Getty)
Sterling Bay sues Tribune over $5M in skipped rent
Sterling Bay sues Tribune over $5M in skipped rent
arrow_forward_ios

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

Loading...