October 26, 2018 Breaking News
Facebook Will Lease a Full Building in the Heart of NoMad

According to BisNow.com, Facebook is preparing to sign a new lease at 63 Madison Avenue, located in NoMad. The proposed lease would cover 870,000 square feet of space, which is all available office space in the building. With this new lease, Facebook will occupy 2 million square feet of real estate in New York.

Rents at 63 Madison Avenue range within the high $80s to low $90s per square foot. The deal would follow other moves earlier this year in which Facebook took space in Manhattan’s NoHo and Gramercy Park neighborhoods.┬áThe report further states that prior to Facebook’s interest in the building, WeWork was slated to fill 63 Madison Avenue.

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