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New York City Real Estate Savors a Tech Boom

Big technology companies are doubling down on New York City by adding millions of square feet in office space and creating thousands of new jobs, with few aftereffects from Inc.’s nixing of a Queens headquarters. Alphabet Inc.’s Google last week closed a deal to lease 1.3 million square feet in lower Manhattan, part of Google’s plans to add 7,000 in staff to the city over 10 years.

Facebook Inc. is in talks to lease one million square feet of office space at 50 Hudson Yards, a skyscraper under construction on Manhattan’s far West Side, according to a person familiar with the talks. Uber Technologies Inc. and Amazon have been looking for large office space at the Farley Building, say people briefed on the matter. Part of the former James A. Farley Post Office will be used as a train hall for Penn Station.

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