Google is set to acquire a Manhattan office building for $2.1 billion, signaling optimism for the New York City real estate market amid pandemic-related challenges. The purchase involves a sprawling Hudson River waterfront property, the St. John's Terminal, which Google had been leasing. This move comes despite the trend toward remote work, with big tech companies, including Google, Apple, Amazon, and Facebook, maintaining faith in New York City. Google intends to hire an additional 2,000 workers in the city, and the tech giants collectively employ over 22,000 people in Manhattan. This investment suggests a rebound in the city's economy.
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Justin said "Got to have something to show your shareholders 🤷♂️"