Good News! Corporate Fights Resume for NY Office Space
February 22nd, 2011
Wells Fargo got bumped out of tony Park Avenue office space when Bloomberg LP (the company not the mayor) signed a lease for 120,000 more square space than Wells Fargo wanted. Apparently, it’s getting more difficult to find 250,000 square feet blocks of office space in Manhattan.
Why you should care? It’s a sign the economy is improving. And following the real estate trail of companies who are renting more office space is a great way to find leads about companies and organizations who are expanding their staff. (By the way, Bloomberg’s got over 500 positions listed in New York, Wells Fargo has just over 175 by our count. So, in this case—the real estate size correlates slightly with the hiring demand.)
Source: Crain’s
