īarnes and Noble formerly occupied part of the space Microsoft will take, according to Newmark. John’s Terminal Project, Facebook leased 730,000 square feet at the Farley Post Office while Amazon plans to convert the former Lord & Taylor flagship at 414 Fifth Avenue into office space for up to 2,000 employees. Google recently dropped $2.1 billion for the St. Įven though major tech firms keep constantly pushing back their return-to-office dates, that hasn’t stopped them from going all in on New York City real estate. The deal comes as tech companies are driving leasing in Manhattan’s office market - replacing finance - with some taking over space abandoned by the big banks on Wall Street. The landlord and Microsoft did not immediately respond to requests for comment. The more than 100-year old building, owned by The Bromley Companies, is undergoing a major renovation that will expand its facade and relocate the lobby, New York Yimby reported. SEE ALSO: Amazon Signs Its Biggest US Warehouse Lease Ever: Reports
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