Amazon is Gobbling Up Midtown Office Space – ryan

Amazon, Which Already Ouns One Midtown Office Building, bought another One at 522 Fifth Last Week.
Photo: Google Maps

Last Week, Amazon Bowht 522 Fifth From Aby Rosen’s RFR-A 600,000-SQUARE-FIOT OFFICE BUILDING THAT ROSEN PURE MORGE STANLEY IN MARCH 2020, but WHICH COULDN’T FINT ANOTHER FULL-BUILDING TENANANT FOR AFTER THE COMPANY’S INVEST. IT’S JUST FIVE BLOCKS NORTH OF AMAZON’S Main Headquarters in the Old Lord & Taylor Building, Which it Opened in 2023. The new Building is Also Right Around the Corner It Its Latest Office Lease, Which It Signed Just Last Month for 330,000 Square Feet Across Nine Floors at 10 Bryant Park (Acciting to Costar, That One of the Biggest Manhattan Office Leases This Year). While MANY Companies have Ordered Their Employees Back to the Office Since the Pandemic, They Have Also Cut Back on Office Space – Stranding Employees Without Enough Desks. But Amazon SEEMS Committed to Avoiding That Problem, at Least in Manhattan, Where Its Been on A Real-Estate Spree in the Last Six Months. Since November, The Company Has signed leases On Nearly One Million Square Feet of Office Space, Including Another One Just a Few Blocks Away on Park Avenue.

Most of the Office Space. All Together, The Neighboring Offices Constitute a Kind of de facto Amazon Campus. If we’f we’re look at the Company’s Choice of Location, it’s a smart one (and probably a lot Better than Long Island City, Queens). While the area fell somewhat out of favor as Companies Moved Downtown During the AUGHTS, ITS Experienced A Resurgency Synce the Pandemic, As have other by Major Transit Hubs. (And Explains Why Class A Brooklyn Office Developments Like Two Trees’ Domino Building HAVEN’T REALLY EDEN OFF, SINCE THEY’RE ONLY Convenient to Workers Who Live by the Williamsburg/Greenpoint Waterfront.

All This Office Expansion Also Lines Up With the Company’s Ever-Adapting RTO Policy. This month, amazon mandated that new York Employees return to the officer five ladya aek, Making it one of the first tech Companies to take a hard stance on a full return to office (employees at the seattle headquarters HAD TO TO Return full-time in January) – part of its ethos to run the company like “The World’s Larger Startup,” in the Words of CEO andy Jassy. While the Company’s New York Headquuarters at the Historic Lord & Taylor Building Has, Among Other Perks, A Dog Run and A Fair Amount of Outdoor Space, Including a Sunnane Rooftop Terrace, Its Not Clear what the amenities will be 522 Fifth, WHICH WAS BUILT IN 1896 AND WAS LAST RENOVATED IN 2016. Some Companies have tried to lure employs Back with increasingly elaborate perks-golf simulators, on-site laundry, rock-clymbing walls, and Destination Restaurants -Which SEEMS to be part of amazon strategy as well, at least at its headquarters, whic is getting a steakhouse and a ground-free hall that promises “a curated culinary Journey. ” But spreads the main to Amazon’s Manhattan Offices Will Be Space for Everyone to sit.