Apple Signs Lease For New Midtown Office, Report Says

MIDTOWN MANHATTAN, NY — Tech giant Apple is increasing its presence in New York City with a new 220,00-square-foot office in Midtown Manhattan, according to reports.

Apple locked down a lease for at least four floors in 11 Penn Plaza, an office building located across the street from Penn Station that once served as the headquarters to retailer Macy's, the New York Post first reported.

The lease nets Apple the use of floors 11 through 14 with an option for the ninth floor on a five-year term, according to the Post report. Macy's, which is moving its headquarters to Queens, is subleasing the space to Apple, according to the report.

Apple's new lease may be a precursor to a more permanent deal at another building, the Post reported. The California-based tech firm's 52,000-square-foot office in the Flatiron District is getting overcrowded, and Apple has been sniffing around the new Hudson Yards office market, sources told the Post.

Apple isn't the only big tech firm expanding in Manhattan. Social network Facebook also eyed Hudson Yards, Google invested $1 billion for a new Lower Manhattan campus and Amazon secured a 335,000-square-foot Hudson Yards office after backing out of its plans for a Long Island City headquarters after facing political backlash to the move.

Read the full New York Post report here.