Who Needs Amazon HQ2? Not New York Real Estate's Tech Boom
Facebook, Google, Uber, and Amazon embrace Manhattan as an East Coast hub
AOC was right, it seems.
https://www.wsj.com/articles/new-yor...om-11562760760
Big technology companies are doubling down on New York City by adding millions of square feet in office space and creating thousands of new jobs, with few aftereffects from Amazon.com Inc. ’s nixing of a Queens headquarters.
Alphabet Inc. ’s Google last week closed a deal to lease 1.3 million square feet in lower Manhattan, part of Google’s plans to add 7,000 in staff to the city over 10 years.
Facebook Inc. is in talks to lease one million square feet of office space at 50 Hudson Yards, a skyscraper under construction on Manhattan’s far West Side, according to a person familiar with the talks. Uber Technologies Inc. and Amazon have been looking for large office space at the Farley Building, say people briefed on the matter.
New York is emerging as an East Coast hub for technology because of the size of its labor force, its extensive transportation infrastructure and the cultural and entertainment activities that come with a big city, analysts and real-estate executives said.
The city’s tech frenzy comes barely four months after Amazon stunned developers and others in the business community by canceling plans for a second-headquarters project in Long Island City, Queens. Some elected officials had criticized a government incentive package of as much as $3 billion to lure the retail giant...
Alphabet Inc. ’s Google last week closed a deal to lease 1.3 million square feet in lower Manhattan, part of Google’s plans to add 7,000 in staff to the city over 10 years.
Facebook Inc. is in talks to lease one million square feet of office space at 50 Hudson Yards, a skyscraper under construction on Manhattan’s far West Side, according to a person familiar with the talks. Uber Technologies Inc. and Amazon have been looking for large office space at the Farley Building, say people briefed on the matter.
New York is emerging as an East Coast hub for technology because of the size of its labor force, its extensive transportation infrastructure and the cultural and entertainment activities that come with a big city, analysts and real-estate executives said.
The city’s tech frenzy comes barely four months after Amazon stunned developers and others in the business community by canceling plans for a second-headquarters project in Long Island City, Queens. Some elected officials had criticized a government incentive package of as much as $3 billion to lure the retail giant...
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