Real Estate

Facebook inks Hudson Yards lease for 1.5 million square feet

Facebook is making friends with Hudson Yards.

The social media giant has leased more than 1.5 million square feet of office space in the massive West Side development, Hudson Yards officials announced Thursday.

The deal — which marks a major expansion of Facebook’s presence in the Big Apple — encompasses 30 floors across three buildings, including the forthcoming office tower at 50 Hudson Yards and the existing complexes at 30 and 55 Hudson Yards.

“When considering the next phase of our growth in the city, it was important that our newest office space was situated in the heart of a vibrant community that offered access to arts, culture, media and commerce,” John Tenanes, Facebook’s vice president of global facilities and real estate, said in a statement. “Hudson Yards offered this and more, and we’re excited to expand our offices there starting in 2020.”





Facebook’s entry to Hudson Yards means more than eight million square feet have been sold or leased at the $25 billion development just about eight months after its formal opening in March, developers said.

The biggest chunk of Facebook’s territory there will comprise about 1.2 million square feet at 50 Hudson Yards, which will be anchored by the investment giant BlackRock once it’s completed in 2022, developers said.

The 78-story behemoth is now 75 percent leased two and a half years before tenants are set to move in, Hudson Yards officials say.

Facebook’s lease also includes about 265,000 square feet at 30 Hudson Yards and roughly 57,000 square feet at 55 Hudson Yards. The former building is now fully committed while the latter is 99 percent committed, developers say.





Facebook plans to keep its existing spaces at 770 Broadway, 225 Park Ave. South and 335 Madison Ave., company spokeswoman Jamila Reeves said. She declined to disclose the cost of the Hudson Yards lease.

Facebook has also been eyeing office space in the former James A. Farley Post Office across from Penn Station. The company was battling with Apple for 740,000 square feet in the Vornado Realty Trust development, The Post’s Lois Weiss reported last month.

Facebook isn’t the only tech giant with plans expand its New York office footprint. Google plans to spend more than $1 billion on a new 1.7 million-square-foot campus along the Hudson River, while Netflix will shell out $100 million for 100,000 square feet of Manhattan office space and a new Brooklyn film facility.





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