Blackstone Hunts for Office Space in Major Manhattan Expansion

  • Firm explores moving from longtime Park Avenue headquarters
  • Real estate search comes as NYC market struggles to recover

Blackstone headquarters in New York.

Photographer: Angus Mordant/Bloomberg
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Blackstone Inc. is exploring a large office expansion in Manhattan, seeking space for its growing workforce at a time when many companies are embracing hybrid schedules.

The New York-based private equity firm is hunting for roughly 1.5 million square feet (140,000 square meters) of space as it considers relocating from its longtime headquarters on Park Avenue, according to people familiar with the matter.