As Facebook expands in New York, it’s doing it in a very fanciful manner. A company spokeswoman told Betabeat that its new office space at 770 Broadway will be designed by starchitect Frank Gehry with “open floor plans, natural lighting, and an emphasis on space for collaboration.” And probably zero straight lines.
The new outpost is double the size of Facebook’s current office on 335 Madison Ave., which will be shuttered. The entirety of FBNY will move in early 2014 into the spacious 100,000 square feet space in the Village where it will house people from sales, marketing, engineering, design, marketing, and communications. Facebook will be sharing elevators with Aol/Huffington Post, Billboard Magazine, and J. Crew and its lease term is for 10 years.
Google is well-known for its opulent work spaces and fantastic perks, which make everyone else feel like we’re working in Soviet-era prisons. Look at that spacious rooftop at Club Goog’s New York office: it emanates so many chill waves that Washed Out could play an impromptu set at any moment.
Dreams Do Come True
If the sunny, overblown drama of Bravo’s Start-Ups: Silicon Valley has left you aching for a bleaker take on Valley culture, then we have some wonderful news for you. Deadline reports that HBO has just greenlit a new pilot called Silicon Valley, produced by cult comedy icon Mike Judge.
The show will be a single-camera affair, offering a dark take on the “high tech gold rush of modern Silicon Valley, where the people most qualified to succeed are the least capable of handling success.” You know what that means: hoodies!
It's Zuck's World We're Just Living In It
We can cluck all we like at Facebook’s IPO woes, but things are still going well enough for the social networking giant that legendary architect Frank Gehry is collaborating with Zuck to build Facebook West. As Bloomberg tells the story, it sounds like Mr. Gehry’s creation may end up being a giant, wide-open, techie’s paradise:
At an industry breakfast yesterday, the commercial real estate brokers at Cushman & Wakefield announced that New York City has reached a tipping point: For the first time since 1999, the information and media sector (including technology) beat out financial services terms of office leasing.
In the first quarter of 2012, information and media accounted for 27.8 percent of office leasing by square footage, compared to the financial sector’s 26.3 percent. “New York is not just a financial town anymore,” Cushman’s managing director Ken McCarthy told the Real Deal.
You don’t have to tell Dumbo. Yesterday, the Brooklyn Paper reported that commercial vacancy rates in the neighborhood are down to 2 percent, prompting city planners to try to make Downtown more appealing to Brooklyn’s creative class. “Everyone in the tech industry wants to be in DUMBO,” said the paper. And here we thought the ideal spot was spitting distance from Union Square Ventures.
First Hand Advice
This is a guest post from SeatGeek co-founder Russell D’Souza.
Prior to moving offices in early June, SeatGeek worked first out of Soho Haven (now Projective Space) and then at General Assembly, two shared office spaces in New York. In the early days of SeatGeek, shared office space was a complete no-brainer, but what was much less clear was when to “graduate” to our own office space. Since many startups have been asking us about this of late, I thought we’d break down some of the criteria we evaluated when making this decision.
Numbers for the last quarter from the NVCA and PricewaterhouseCoopers showing an uptick of venture capital into the New York metro area aren’t just a boon for the start-ups who can finally afford that kegerator. A reported $624 million in Q2 funding–a $154 million increase from last year–also brings good tidings for the real estate sector, although, like all things start-ups these days, the potential tenants are thinking lean, reports GlobeSt.com.
“We probably won’t see a massive flood gate of VC firms flocking to New York but I do think there will be probably several more firms looking for office space there,” Emily Mendell, a spokesperson for the NVCA told the site, warning that it would likely just mean offices to house a few limited partners. But tech companies themselves are stretching their wings.
Coworking is a growing trend among New York’s freelancers, especially for the tech set. Instead of plugging away in their pajamas or snagging a spot at the wi-fi cafe, coworker prefer a more organized, office atmosphere.
But how much does it really save, or cost, to rent a desk in this kind of co-working space? Read More