Facebook’s Big Lease Shows Confidence in Manhattan Office Market
- Tech giant inks long-awaited deal at Vornado’s Farley Building
- NYC ‘continues to be the place to be,’ Vornado CEO Roth says
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The future for Manhattan offices is looking up.
Big New York landlords have insisted that demand for offices would rebound after the pandemic, which curtailed deals and shuttered towers for months, sending everyone to work from home. Now, Facebook Inc.’s new lease at Vornado Realty Trust’s Farley Building, a former post office near Pennsylvania Station, is adding credence to that thesis.