350,000 Amazon Employees Returning to the Office Means Real Estate Expansion for the Tech and Consumer Giant
Amazon recently told 350,000 employees that they must return to the office five days a week by January 2025. This is a shift from its previous return-to-work policy, which required them to be in the office at least three days a week.
This move means that the tech and retail giant will need more office space to accommodate in-office work, and it's looking to expand corporate offices in New York City to meet that need.
According to The New York Post, Amazon Executive Chairman Jeff Bezos is in talks to lease all of HSBC's 350,000 square feet at 452 Fifth Ave. when the bank moves to The Spiral next year, sources said.
“An expansion to 452 Fifth, also known as 10 Bryant Park, would put Amazon staff next door to its Manhattan headquarters, the former Lord & Taylor Building at 424-434 Fifth Ave., where it has 2,000 employees.”
“Still, sources caution that a signed lease is far from certain.”