(Bloomberg) — Facebook is adding more offices in Manhattan.
The Menlo Park, California-based company, now known formally as Meta Platforms Inc., is planning to take roughly 300,000 square feet (28,000 square meters) at 770 Broadway, a property near Astor Place where it already has space, according to people familiar with the matter. With the new lease, Facebook will have nearly the entire building.
“We are proud to be a part of New York City’s business ecosystem and are constantly evaluating ways to help attract and retain our diverse talent base here,” Jamila Reeves, a representative for the company, said in a statement. She declined to comment on the specific lease at 770 Broadway.
Read more: Facebook Eyes NYC Office Expansion Despite Delta Delaying Return
Meta is taking several floors that housed Verizon Media, which was sold last year to Apollo Global Management and rebranded as Yahoo. The grocery chain Wegmans is opening a store in the former Kmart space at the property, owned by Vornado Realty Trust.
The supply of office space in New York has soared to a record as companies embrace hybrid schedules, though prominent tech and finance firms have been on the hunt for deals even as many employees stay home. Meta has new offices at Hudson Yards and is preparing to move employees into the renovated Farley Building near Penn Station.
Read more: Manhattan Offices Face Reckoning With Divide Between Old and New
Yahoo has been re-evaluating its real estate globally in light of its hybrid work schedule and decided not to renew its lease for some of its space at 770 Broadway, a spokesperson said in a statement.
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