{"id":32327,"date":"2021-11-04T10:28:13","date_gmt":"2021-11-04T07:28:13","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=32327"},"modified":"2025-03-25T16:09:15","modified_gmt":"2025-03-25T13:09:15","slug":"microsoft-lease-flatiron-district","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/","title":{"rendered":"Microsoft To Lease 150,000 Square Feet in Union Square Office Tower"},"content":{"rendered":"<p>Microsoft signed a lease for 150,000 square feet of office space in the 10-story Flatiron District tower at 122 Fifth Ave. in Union Square. The tech giant will occupy roughly half of the property \u2014 floors six through 10, which were previously leased to Barnes &amp; Noble. Asking rents remain undisclosed for the time being, and Microsoft has yet to establish a clear move-in date.<\/p>\n<p>Lisa Kiell and Randy Abend of JLL represented Microsoft, while a team comprised of Newmark\u2019s David Falk, Pete Shimkin, Eric Cagner and Ben Shapiro handled negotiations on behalf of the landlord, The Bromley Companies.<\/p>\n<p>The property at 122 Fifth Ave. was initially built in 1899 by architect Robert Maynicke and developer Henry Corn. Then, in March of this year, the Landmarks Preservation Commission reviewed the owner\u2019s <a href=\"https:\/\/newyorkyimby.com\/2021\/03\/updated-proposals-revealed-for-commercial-expansion-at-122-fifth-avenue-in-union-square-manhattan.html\" target=\"_blank\" rel=\"nofollow noopener\">renovation proposals<\/a> for the structure. Plans include an expansion of the floor plates to 27,000 square feet by merging 122 Fifth with a new development. The lobby will also be relocated to offer additional access to 17th and 18th streets, and the ground floor will house retail spaces and other amenities for office tenants. Bromley is also looking to add a 13,000-square-foot, communal roof deck, with a 6,000-square-foot glass jewel box pavilion space on top.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-32328\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2021\/11\/122-Fifth-Ave.jpg\" alt=\"flatiron district office\" width=\"640\" height=\"800\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2021\/11\/122-Fifth-Ave.jpg 640w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2021\/11\/122-Fifth-Ave.jpg?resize=120,150 120w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2021\/11\/122-Fifth-Ave.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>However, Microsoft\u2019s real estate portfolio is more than just prime <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/manhattan\/\" target=\"_blank\" rel=\"noopener\">Manhattan office space<\/a>. The Redmond, Wash.-based company also recently signed a lease for nearly 50,000 square feet\u00a0of <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/fl\/miami\/\" target=\"_blank\" rel=\"noopener\">Miami office space<\/a> for its regional headquarters in a tower that\u2019s being developed in the city\u2019s Brickell Financial District.<\/p>\n<p>Notably, Microsoft, Amazon,\u00a0Facebook, and\u00a0Google\u00a0have all intensified their commercial real estate investment efforts \u2014 despite postponing their own return-to-office dates, as well as the relative volatility of the property market throughout the pandemic. In fact, by leasing and buying up space, <a href=\"https:\/\/commercialobserver.com\/2021\/05\/tech-industry-manhattan-office-leasing-facebook\/\" target=\"_blank\" rel=\"nofollow noopener\">tech firms are gradually replacing big banks<\/a> and other financial companies in New York City. And, while some choose to buy to avoid expensive and complicated lease deals, there are also signs that big tech might be <a href=\"https:\/\/www.emarketer.com\/content\/big-tech-on-real-estate-shopping-spree-their-office-retail-purchases-reflects-continuous-growth-buying-power\" target=\"_blank\" rel=\"nofollow noopener\">following in the footsteps of McDonald\u2019s<\/a>, which owns most of the land its stores are built on.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Microsoft signed a lease for 150,000 square feet of office space in the 10-story Flatiron District tower at 122 Fifth Ave. in Union Square. The tech giant will occupy roughly half of the property \u2014 floors six through 10, which were previously leased to Barnes &#038; Noble. Asking rents remain undisclosed for the time being, and Microsoft has yet to establish a clear move-in date.<\/p>\n","protected":false},"author":56,"featured_media":28413,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,4014,39],"tags":[],"class_list":["post-32327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Microsoft Leases 150KSF at Flatiron District Office - CommercialCafe<\/title>\n<meta name=\"description\" content=\"Microsoft signed a lease for 150,000 square feet of office space in the 10-story Flatiron District tower at 122 Fifth Ave. in Union Square...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microsoft To Lease 150,000 Square Feet in Union Square Office Tower\" \/>\n<meta property=\"og:description\" content=\"Microsoft signed a lease for 150,000 square feet of office space in the 10-story Flatiron District tower at 122 Fifth Ave. in Union Square...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-04T07:28:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-25T13:09:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/midtown-manhattan-office-space-iconic-flatiron-district-aerial.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Sabau\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Diana Sabau\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/\",\"name\":\"Microsoft Leases 150KSF at Flatiron District Office - CommercialCafe\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/midtown-manhattan-office-space-iconic-flatiron-district-aerial.jpg\",\"datePublished\":\"2021-11-04T07:28:13+00:00\",\"dateModified\":\"2025-03-25T13:09:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241\"},\"description\":\"Microsoft signed a lease for 150,000 square feet of office space in the 10-story Flatiron District tower at 122 Fifth Ave. in Union Square...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/#primaryimage\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/midtown-manhattan-office-space-iconic-flatiron-district-aerial.jpg\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/midtown-manhattan-office-space-iconic-flatiron-district-aerial.jpg\",\"width\":1280,\"height\":500,\"caption\":\"Flatiron district\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Microsoft To Lease 150,000 Square Feet in Union Square Office Tower\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241\",\"name\":\"Diana Sabau\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93\",\"caption\":\"Diana Sabau\"},\"description\":\"Drawing on years of intense research in the U.S. commercial real estate market at Yardi Matrix, Diana now applies her expertise as a writer for the CommercialCafe blog. Her articles focus on CRE investment, labor market trends, and technology, and have been picked up by prestigious publications including the New York Times, GlobeSt, The Real Deal, NAIOP, MSN, and Bisnow.\",\"sameAs\":[\"diana.sabau@yardi.com\"],\"jobTitle\":\"Senior Content Writer, CRE News & Market Analysis\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/author\/diana-sabau\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Microsoft Leases 150KSF at Flatiron District Office - CommercialCafe","description":"Microsoft signed a lease for 150,000 square feet of office space in the 10-story Flatiron District tower at 122 Fifth Ave. in Union Square...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/","og_locale":"en_US","og_type":"article","og_title":"Microsoft To Lease 150,000 Square Feet in Union Square Office Tower","og_description":"Microsoft signed a lease for 150,000 square feet of office space in the 10-story Flatiron District tower at 122 Fifth Ave. in Union Square...","og_url":"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/","og_site_name":"CommercialCafe","article_published_time":"2021-11-04T07:28:13+00:00","article_modified_time":"2025-03-25T13:09:15+00:00","og_image":[{"width":1280,"height":500,"url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/midtown-manhattan-office-space-iconic-flatiron-district-aerial.jpg","type":"image\/jpeg"}],"author":"Diana Sabau","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Diana Sabau","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/","url":"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/","name":"Microsoft Leases 150KSF at Flatiron District Office - CommercialCafe","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/midtown-manhattan-office-space-iconic-flatiron-district-aerial.jpg","datePublished":"2021-11-04T07:28:13+00:00","dateModified":"2025-03-25T13:09:15+00:00","author":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241"},"description":"Microsoft signed a lease for 150,000 square feet of office space in the 10-story Flatiron District tower at 122 Fifth Ave. in Union Square...","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/#primaryimage","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/midtown-manhattan-office-space-iconic-flatiron-district-aerial.jpg","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/midtown-manhattan-office-space-iconic-flatiron-district-aerial.jpg","width":1280,"height":500,"caption":"Flatiron district"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/microsoft-lease-flatiron-district\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Microsoft To Lease 150,000 Square Feet in Union Square Office Tower"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/8ed2c6db9854340d5ddeef532edde241","name":"Diana Sabau","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/badge.png?w=93","caption":"Diana Sabau"},"description":"Drawing on years of intense research in the U.S. commercial real estate market at Yardi Matrix, Diana now applies her expertise as a writer for the CommercialCafe blog. Her articles focus on CRE investment, labor market trends, and technology, and have been picked up by prestigious publications including the New York Times, GlobeSt, The Real Deal, NAIOP, MSN, and Bisnow.","sameAs":["diana.sabau@yardi.com"],"jobTitle":"Senior Content Writer, CRE News & Market Analysis","url":"https:\/\/www.commercialcafe.com\/blog\/author\/diana-sabau\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/midtown-manhattan-office-space-iconic-flatiron-district-aerial.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/32327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/comments?post=32327"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/32327\/revisions"}],"predecessor-version":[{"id":32330,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/32327\/revisions\/32330"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media\/28413"}],"wp:attachment":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media?parent=32327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/categories?post=32327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags?post=32327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}