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IBM is on the hunt for a 500,000 square foot Manhattan office - Business Insider

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IBM reveals its hunt for a 500,000 square foot NYC office as tech tenants continue to double down on deeply-discounted workspaces at a moribund moment for leasing activity

IBM is seeking to consolidate nine locations it presently has in the city into the new space, including offices at 51 Astor Place and 590 Madison Avenue, the latter of which is pictured above.IBM released a request for proposals on Tuesday to the New York City real estate market in search of an office up to 500,000 square feet in size.

The company, which is based in the Westchester suburb of Armonk, issued a request to Manhattan landlords on Tuesday to offer it proposals to accommodate its space needs. IBM is seeking to consolidate nine locations it presently has in the city into the new space, including offices at 51 Astor Place and 590 Madison Avenue.

And as the virus crisis has prompted large swaths of the workforce to do their jobs from home, she said the space would anticipate that remote work will become a permanent outgrowth of the pandemic. IBM's operations in the city are focused on its Watson artificial intelligence and cloud computing products and also marketing.

"We are going to start understanding what's available and that will determine when we will move," Wright said.

 

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