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Apple signs lease for office space at Midtown’s 11 Penn Plaza

Apple signs lease at Vornado’s 11 Penn Plaza. Tech giants are continuing their takeover of New York City. Facebook has leased Hudson Yards space and is eyeing Midtown, Google is expanding its Meatpacking District and Hudson Square footprint, and Netflix is expected to bring production space to Brooklyn. Now, the New York Post reports that Apple has signed a lease to move into Midtown’s 11 Penn Plaza. The company has signed a five-year deal (with the possibility to extend their lease) to move into the 11th through 14th floors (220,000 square feet) of the Art Deco building, owned by Vornado Realty Trust, according to the Post. Macy’s, which currently occupies some of those floors, still has a lease through 2035 (though they’re reportedly moving their headquarters to Long Island City). Read Complete Article