September 15, 2017
More and more often, companies that in the past would predictably have chosen office spaces in central Midtown are now committing to new and renovated spaces on Manhattan’s Far West Side.
Most recently, EY (the business services firm formerly know as Ernst and Young) and Pfizer announced their future plans to move to 1 Manhattan West and The Spiral, respectively.
Of the westward relocations, 44% relocate from the Plaza District alone, and 92% of the relocations will be from the broader Midtown area.
About a third of the companies drawn west are technology, advertising, media and information businesses. The other two-thirds include a broad range of firms, from finance to law firms to apparel.
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