Amazon Renews 210K-sf Space at WeWork Location
At a time when leasing activity across the overall technology sector has declined, e-commerce giant Amazon has renewed its 210,000-square-foot lease within a WeWork location at 1440 Broadway. An existing enterprise member of the co-working firm, Amazon also agreed to lease an additional 90,000 square feet within WeWork’s location at 75 Rockefeller Plaza. News of the latest signings follows recent decisions by the Seattle-based firm to call employees back to the office at least three days per week. Full details of the two deals were not released. Until the long-term impact of hybrid work patterns on office use is determined, demand for flexible workspace is expected to increase due to its nature to be “turned around quickly with favorable lease terms for occupier.”