Apple reportedly in negotiations to expand New York City office location
Mike Peterson11 Penn Plaza in New York.
Apple is currently in talks with its New York City landlord to expand the office space it has in the city.
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.
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14 Comments
Lots of cheap office space in NYC now since companies have discovered that employees can effectively work from home and new office space was overbuilt even before the pandemic.
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.
No matter how you slice it, Manhattan is a human ant hill. One of my children and her spouse live within short walking distance from Central Park, but are afraid to leave their apartment after dusk. Transportation is a crapshoot, and grocery shopping is a challenge.
I don’t have a lot of confidence in the long-term economic health of these large coastal cities. Apple should start moving facilities away from riot zones. There have been quite a few Apple Stores which have been completely looted over the past several months.