With space becoming available due to the virus the countries Giant Tech companies are gobbling up real estate in Manhattan, Brooklyn and Queens….
Silicon Island East is expanding….
The Amazon deal fell thru last year…
But that was just a tease…
Big Tech has NOT abandoned New York City with it’s poll of highly educated possible employees….
The ‘City’ seems ready to reinvent itself agains as it has done for centuries…..
These employees, who will earn good salaries will help NYC and the entire Metro area in services and housing….
Facebook has just leased enough new office space in Manhattan to nearly triple its current local work force, including at one of the city’s most iconic buildings, the 107-year-old former main post office complex near Pennsylvania Station.
Apple, which set up its first office in New York a decade ago, is expanding to another building in Manhattan. And Google and Amazon are stitching together corporate campuses in the city more quickly than anywhere else in the world. Amazon paid roughly $1 billion in March for the iconic Lord & Taylor building on Fifth Avenue.
Despite a pandemic that has ravaged New York, hollowed out many of its office buildings and raised fundamental questions about its future, the four companies collectively known as Big Tech are all significantly expanding their footprint in the city, giving it a badly needed vote of confidence.
With fears that the virus could spike again in the colder months, many companies are grappling with how, when and even if office workers will come back to buildings in Manhattan. And the tech giants have not brought their workers back yet, either….
…
Collectively, Amazon, Google, Facebook and Apple have hired more than 2,600 employees in the city so far this year, bringing their total employment to over 22,000 people. Facebook alone has added 1,100 workers to bring its current work force up to 4,000.
Apple, Amazon and Facebook have gobbled up more than 1.6 million square feet of office space since the start of the year, most of which was leased or bought during the pandemic. Before the pandemic, Google added about 1.7 million square feet of office space as part of a corporate campus rising along the Hudson River in Manhattan.
The companies now have enough new office space to hire another 15,000 employees. When those workers will arrive at the new offices remains uncertain; all four companies have allowed their employees to work remotely and some, including Facebook, foresee a future in which up to half its employees work from home….
image…Yahoo Finance
Only Problem with this as you see with your son and I see for myself with trying to buy a home on LI, it is hard and the prices are getting absurd…
But good for the overall economy..and the tax base so it keeps me employed by the state….a double edged sword…
True THAT….
But ten seconds after Biden gets sworn in?
The bottom is gonna fall out of the upper economy….
The bottom economy is STILL losing jobs….