Google Looks For New Space in NYC

Google Inc is on the lookout for a new office. After spending $2billion for their Manhattan office, the company is not scouting for an extension space since the company is growing and some of the Manhattan tenants can’t be kicked out, says sources.

Google bought the 17-story, 2.9 million square foot Manhattan office for $1.8 billion back in December 2010. The building was constructed in 1932 and was then called the Port of New York Authority.

This acquisition put the Midtown South office market as a possible New York technology center. Because where Google goes, everyone follows.

Companies, especially small startups all wanted to in the Midtown office and this made the place one of the tightest places for offices.

But the building Google bought did come with existing tenants. Nike Inc, Sloan-Kettering Memorial Cancer Center and Barnes & Noble Inc, won’t budge for Google’s extension. They came in first, after all.

Google is looking for a lease between 60,000 feet to 10,000 feet, which could be a floor or two. looks like 770 Broadway fits the bill, sources said.

Representatives from Vornado Realty Trust, which own the said building said they did not return a caller seeking comment.

Google spokesman in NewYork, Jordan Newman also declined the comment.

I guess it’s just a matter of time before we know where Google moves. Facebook and Microsoft are also looking for longer-term spaces in New York City.

Source: Reuters

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