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New York & Tri-State  + Midtown New York  + Office  |  December 1, 2022
Facebook parent Meta is reportedly giving back 250,000 of the 1.5 million square feet of office space it occupies at Hudson Yards in Midtown Manhattan
Paul Bubny
By: Paul Bubny

Meta Cuts Back on Office Space at Hudson Yards

Facebook parent Meta Platforms Inc. is giving up some offices at Manhattan’s Hudson Yards as the company seeks to slash expenses and cull its workforce, Bloomberg News reported. 

Meta will return its space at 30 and 55 Hudson Yards to landlord Related Cos., totaling more than 250,000 square feet. Most of the company’s 1.5-million-square-foot Hudson Yards footprint is at 50 Hudson Yards, where it has subleased a small amount of space. 

Bloomberg reported in July that the company halted plans to further build out its offices at 50 Hudson Yards while it evaluates its real estate in New York, which includes about 730,000 square feet at the redeveloped Farley Building across from Penn Station. 

A Meta spokeswoman told Bloomberg, “We remain firmly committed to New York City as evidenced by the opening of the Farley Building, further anchoring our local footprint.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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