Amazon and Facebook are planning to expand into new office spaces in New York City, with the goal of fueling an expansion of tech companies in Manhattan just a year after Amazon denounced its plans to build its second headquarters in the city. Amazon has signed a new lease for 335,000 square feet in the Hudson Yards neighborhood, on the west side of Manhattan. This represents Amazon’s largest expansion in new York since abandoning plans to build its second headquarters in Queens.
Facebook is allegedly in talks to lease a 700,000 square foot property in a neighborhood nearby to the Amazon location. This would effectively launch Facebook into the top ranks of the city’s largest corporate establishments, alongside JPMorgan Chase & Co. and Bank of America. This “tech corridor” would range several blocks on the west side of Manhattan. Facebook is allegedly considering the Farley Building as a potential location for its new offices. The new expansions Facebook is planning would create space for more than 14,000 employees. The size of New York City’s labor force, transportation system, and culture is attracting tech and social media giants to the area, which could create an emerging hub for technology on the East Coast in the new future.
Read More: Amazon Leases New Manhattan Office Space, Less Than a Year After HQ2 Pullout
