JOURNAL ARTICLE

Bloomberg Extends Headquarters Lease in Manhattan Through 2040.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Chiglinsky, Katherine 3 of 3

Abstract

Bloomberg LP has extended its lease for its global headquarters in New York through 2040. The company will continue to occupy all the office space at 731 Lexington Ave, totaling 946,815 square feet. Despite the challenges faced by office owners due to remote work and higher borrowing costs, certain buildings have been successful in attracting and retaining tenants. Vornado Realty Trust holds a 32.4% stake in Alexander's, the real estate investment trust that owns 731 Lexington Ave. Bloomberg LP is the parent company of Bloomberg News. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/05, pN.PAG
  • Document Type:Article
  • Subject Area:Information Technology
  • Publication Date:2024
  • Accession Number:177065841
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