Big tech is continuing to venture forward in acquiring office space in New York. Apple has signed a sublease to take over space leased to Macy’s at 11 Penn Plaza. Macy’s will be moving most of their operations to Long Island City, Queens going forward.
We are seeing volatility in office space. Now may be a good time to evaluate your office lease. Contact GE Grace and let our team of experienced brokers guide you to the ever-changing New York office market. Call us at 646 312 6800 or write us at Grace@GeGrace.com.