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Google enlarges NY footprint with US$2.4b Chelsea Market deal

It is only the latest example of an internet behemoth, and even smaller tech companies, expanding rapidly in New York City

Owning Chelsea Market would enable Google to create a campus akin to its headquarters in California, albeit one that is more vertical. At the end of 2017, tech firms accounted for 29.3 million, or 8 per cent, of the 398 million square feet of office space in New York City.

New York

IT is a tech takeover.

Google, the tech company with a seemingly insatiable appetite for space in New York, is buying Chelsea Market, the blocklong Nabisco factory turned food mart, office building and tourist attraction, for about US$2.4 billion.

This is according...

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