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Meta, Amazon Said To Be Pulling Back on New York Office Plans

Leasing Volume in Manhattan Remains Below Pre-Pandemic Levels

Meta Platforms decided not to take an additional 300,000 square feet of space at 770 Broadway, Bloomberg News reported.  (CoStar)
Meta Platforms decided not to take an additional 300,000 square feet of space at 770 Broadway, Bloomberg News reported. (CoStar)

Meta Platforms, parent of social media giant Facebook, and e-commerce titan Amazon are reportedly cutting back on expanding their office footprints in New York, in the latest troubling sign for the office market that’s still struggling to recover from the remote working trend.

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