Apple is reportedly negotiating to lease roughly 200,000 square feet of office space at 11 Penn Plaza in Manhattan. Apple is said to be at maximum capacity at their 100-104 Fifth Avenue location in New York City’s Flatiron District, where the company has some 52,000 square feet housing a marketing division and software applications unit.
The 1.15-million-square-foot building owned by Vornado has 638,921 square feet available from the fourth through 14th floors as a sublease from Macy’s, with some square footage ready to be occupied…
Spies say the deal would be in the mid-$60s per square foot, a bargain over new towers where rents start at $100 per square foot and up.
The 1923-era building Apple is targeting was recently rebranded by Vornado as Penn 11. The former Equitable Life Assurance Building was designed by Starrett & Van Vleck.
MacDailyNews Take: Apple’s quest for office space is positively voracious!
[Thanks to MacDailyNews Readers “Fred Mertz” and “citymark” for the heads up.]