The Seattle-based retailer will move its only New York City office from 370 Seventh Avenue, also known as 7 Penn Plaza. In a separate deal, coffee slinger Starbucks signed an 11-year, 24,640-square-foot office lease at the Midtown South icon, ESRT noted in the earnings report. “Our track record of tenant retention and expansions is the result of excellent work by our team to provide service to our tenants, and this is not just effort, it’s results,” Thomas Durels, ESRT’s executive vice president of leasing, said during Thursday’s earnings call. LinkedIn just cut 700 people from its finance and human resources groups amid slow revenue growth, CNBC reported last week, following a layoff of 10,000 employees earlier this year. Back in 2019, it added 188,653 square feet on the 24th floor and three floors in the base of the tower, bringing its space to just over half a million square feet.īut, even as LinkedIn is growing its offices, the company is downsizing other parts of its business. The Microsoft -owned company has been in the Empire State Building since 2011 and gradually expanded its footprint across multiple floors. SEE ALSO: Asset Manager LibreMax Capital Relocating to 601 Lexington AvenueĪs part of the deal, LinkedIn relocated 118,646 square feet from tower floors to base floors within the building and added another 25,132 square feet, bringing its total footprint in the Empire State Building to 526,541 square feet.
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