Facebook Parent Company Downsizing 275K-sf at 770 Broadway

Over the past year layoffs among several of the big tech companies regularly headlined the press and the ripple effect continues to impact the office market. The latest office building to fall victim is 770 Broadway — a full block roughly 1.2 million-square-foot building located in Midtown South’s Greenwich Village neighborhood. Facebook parent company Meta Platforms will be handing back the keys to approximately 275,000 square feet at the building upon lease expiration in June 2024, but will retain 500,000 square feet. Currently the anchor tenant at the Vornado Realty Trust building, Meta is Vornado’s largest tenant, having also leased 730,000 square feet at the redeveloped Farley Building in 2020 at the height of the pandemic.

Source:    https://www.crainsnewyork.com/real-estate/meta-platforms-shrink-office-space-vornado-770-broadway