Apple reportedly in negotiations to expand New York City office location
Apple is currently in talks with its New York City landlord to expand the office space it has in the city.
11 Penn Plaza in New York.
Earlier in 2020, Apple leased 220,000 square feet of office space at the 11 Penn Plaza building in Midtown. Now, the company is looking to expand.
According to Business Insider, Apple is negotiating with its landlords to add about 60,000 square feet to its existing 11 Penn Plaza office. Reportedly, there are options in the building for more space.
The talks are ongoing and there is "nothing concrete," meaning Apple may not yet have decided on the amount of office space or whether it wants to expand at all.
The Cupertino company's expansion in New York would join a growing tech industry footprint in the city over the past few years. Google and Facebook are currently the city's fifth- and sixth-largest office tenants, respectively.
Apple, for its part, has long had a smaller presence in Manhattan -- and the rumored 60,000 additional square feet is relatively modest among corporations of its size. Business Insider reports that Apple has been rumored to be ramping up its operations in Manhattan, however.
11 Penn Plaza in New York.
Earlier in 2020, Apple leased 220,000 square feet of office space at the 11 Penn Plaza building in Midtown. Now, the company is looking to expand.
According to Business Insider, Apple is negotiating with its landlords to add about 60,000 square feet to its existing 11 Penn Plaza office. Reportedly, there are options in the building for more space.
The talks are ongoing and there is "nothing concrete," meaning Apple may not yet have decided on the amount of office space or whether it wants to expand at all.
The Cupertino company's expansion in New York would join a growing tech industry footprint in the city over the past few years. Google and Facebook are currently the city's fifth- and sixth-largest office tenants, respectively.
Apple, for its part, has long had a smaller presence in Manhattan -- and the rumored 60,000 additional square feet is relatively modest among corporations of its size. Business Insider reports that Apple has been rumored to be ramping up its operations in Manhattan, however.
Comments
If Apple can't negotiate cheap space there, no reason why they can't find cheap space elsewhere. The advantage of that location is that it's directly across the street from Penn Station, so good for employees commuting from Long Island or New Jersey. But there really aren't any decent restaurants or bars directly in that neighborhood.
One would think Apple would have wanted to be in a "hipper" place, like Soho or parts of Brooklyn.
AMC Networks is also in that building.
You are such an *** if you believe the coastal cities have constant riots. Please never come to NY, and stay in your flyover state wallowing in fear and ignorance.
That is an obvious lie, if they live that close to Central Park then they live in a multi-million dollar apartment and are wealthy. Nothing bad ever happens to rich people by the way. Why would you say something that you know is not true? Spread fear, ignorance, or just like to to say "they"?
My son works with hundreds of businesses in NYC for auditing purposes, and all are now remote (understandably) - but more than half will remain that way going forward.
There are countless stories about the realities of this. Whether its rioting (real or perceived), COVID or whatever combination of factors (certainly city leadership has been atrocious), when people not only start to evaluate alternatives, but actually put them into practice, mindsets change.
So once commercial real estate begins to drop, supporting businesses (those that have even survived the prolonged shutdown), will also begin to close... residential real estate will also be impacted commensurately... efforts to tax even more will only drive higher income people out even faster (as will the natural relocation of businesses regardless)... and the net loss to the city (and many other) may very well be deep and long lasting.
For many, there is no personal benefit being in a big city. Compared to surrounding suburbia, they are intensely crowded, relatively dirty, lack sky and greens, are more expensive to shop or dine, and waste tremendous time and personal energy to commute to and from (my wife and I save 10 hours A WEEK each not commuting)
Yes, entertainment, museums, etc are in the cities. In the larger picture, so what. If they still can survive, one can always visit the three or four times a year you might partake in the arts. That has no bearing on working or living there.
Regarding "feeing the city" the pandemic gave some people that final push to leave and I bet they were contemplating it before the pandemic hit. My client's who are all wealthy headed to one of their country homes or to places like Hawaii, they did not sell their Manhattan property I can assure you. The same kind of people that fled NYC soon after the WTC attacks are leaving now as well. NYC is not a factory town which everyone abandons when the one employers shuts down. This city has endurance, New Yorkers love their city, those leaving now should probably never lived here anyway.
We love our so called dirt, our crowed neighborhoods, we don't fear our neighbors as most Americans do, we don't all have an arsenal of guys like those suburbanites who always think someone is out to get them. People are what has made NYC one of the greatest cities in the world not shopping at A&F, Victoria's Secret which can be found in any depressing suburban mall. So please don't bother to visit us when this pandemic is over, I for one enjoyed only seeing fellow New Yorkers these past several months than people from the most mediocre parts of this coun
But if you want to talk about mayoral activities, continue on to DeBlasio (or as he is referred to by many I know that live in NYC, DeBoz-io). It is both outrageous and sad how he is letting the city return to the 70's and wiping out the progress made by Giuliani and Bloomberg.
The rioting and looting that has been permitted over the past months would have been squelched quickly and properly under either of them I think. Because there is NO legitimate basis for permitting what occurred. That's not protesting.