Facebook to Double its New York Office Space
Fri, 31 May 2013 | Written by Corporate Suites Staff
Facebook recently announced that it is doubling its office space in New York City. The social network giant, which is also expanding its Silicon Valley headquarters, is scouting out another 160,000 square feet of New York office space in the heart of Midtown Manhattan.
Real estate sources say that Facebook is eyeing the seventh and eighth floors of 770 Broadway, a 15-story building that takes up the entire block between 8th and 9th streets. Retailer J. Crew is currently headquartered in the building. The space had been previously rented by Nielsen. The media company recently moved to Lower Manhattan.
The expansion is expected to double Facebook’s New York office space. Although Facebook offices some engineers and other tech employees in New York, the majority of its employees in the Big Apple are marketing and sales staff.
Several large tech firms, like Google, Yahoo and Microsoft, are creating more of a presence in New York City. The California companies are also eager to tap talent that does not want to move away from the East Coast. The mayor’s office has made attracting high tech companies to New York a top economic development priority.
Midtown Manhattan has earned the nickname “Silicon Alley” over the last few years with the influx of tech companies snapping up office space in New York. Yahoo and Microsoft recently inked leases outside of Midtown, where office space is at a premium. Yahoo is moving to the former New York Times location on 43rd Street, while Microsoft is moving its East Coast hub to Times Square.