Apple leases 220,000 sq. ft of office space near Madison Square GardenPack your bags, it's moving day.
What you need to know
Apple has signed a lease for 220,000 square feet of office space in New York City.
The company will be taking over the lease from Macy's in the Art Deco building in Midtown.
Apple continues to search for a more permanent home in the city.
Apple has just signed a lease to drastically increase its presence in New York City. Reported by the New York Post, the company will now be moving into the 11th through 14th floors of the Art Deco building a Midtown Manhattan building close to Madison Square Garden and the Penn Station railway hub.
The space is currently occupied by Macy's, but the department store is planning on moving its headquarters to Long Island City and subleasing the space to Apple. While Apple has committed to a five-year lease with an option to extend, Macy's will still be on the hook if the company decides to leave as its own lease on the space does not expire until 2035.
A source told the New York Post that wh...
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Apple leases 220,000 sq. ft of office space near Madison Square Garden
