WeWork Signs 304K-sf Lease for 34th St Space to be Occupied by Amazon
A recent deal for roughly 304,000 square feet at 330 West 34th Street has a somewhat unusual twist. Although the lease was signed by flexible space provider WeWork, the space will be occupied by e-commerce giant Amazon. News of the transaction comes at a time when Amazon employees are expected to return to the office five days a week beginning January 2nd, the company joining a “slew of major employers, including Dell Technologies and banking heavyweight Citigroup, that have also announced stricter in office mandates.” A rising “return to office mentality” amongst a growing number of companies is “bringing a lot more people back and forcing some of these existing tenants to come back into the market,” having previously shed office space that they now need to recapture. However, as hybrid and fully-in-office companies adjust their space needs, shorter term leases for flexible workspace have become an increasingly preferred option.