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2H2020 Manhattan Construction Report

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Facebook at Farley Building Led 2H 2020 Activity

In Midtown South’s Penn Plaza/Garment District submarket, Facebook’s 730,000 SF lease at the under-renovation Farley Building (390 Ninth Avenue) was the largest lease in new construction/major renovated office product in Manhattan during 2H 2020. Nearby, coworking/flex space firm Industrious leased 49,000 SF at the newly constructed 44 West 37th Street.  In Chelsea, BASIS Independent Schools leased 35,000 SF at 556 West 22nd Street while in Gramercy Park, Opentrons subleased 30,000 SF for office/lab use at 430 East 29th Street.


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2H2020 Manhattan Construction Report

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Franklin Wallach

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