Google Announces $1B Expansion In NYC

Written By Shayna Murphy | January 02, 2019 | Published in Real Estate Market Trends, Neighborhood News
2019%2f01%2f02%2f15%2f00%2f03%2ff0aa9aa2 c163 456d bb89 7adcadf12c94%2fgoogle%20plans%20%241b%20nyc%20expansion

Could Amazon’s push to open a second headquarters in New York City be the start of a major trend among other West Coast companies?

On Dec. 17, Google announced its plans to create a $1 billion campus in the city’s West Village neighborhood - a move that not only has major implications for the internet search giant’s future and the NYC real estate market as a whole.

According to the article, the more than 1.7 million square foot campus will stretch along the Hudson River and is expected to allow Google to double its workforce in the city to more than 14,000 over the next decade.

That’s a significant jump from the estimated 7,000 Google employees currently working in the city. Earlier this year, the company - which opened its first New York office almost 20 years ago - also revealed its plans to invest $2.4 billion in the Chelsea Market building and its plans to lease more space at Pier 57.

“New York City continues to be a great source of diverse, world-class talent,” said Ruth Porat, Google’s chief financial officer. “That’s what brought Google to the city in 2000, and that’s what keeps us here.”

Tech companies look to expand east

Google Hudson Square, as the new campus will be named, strengthens the company’s grip on the West Side. Once an industrial hub, Hudson Square and the greater West Village area could undergo the same kind of significant real estate changes that the Chelsea neighborhood did after Google opened its office there in 2006.

But more than anything, Google’s plans to double down in the Big Apple seem indicative of an emerging pattern for traditionally West Coast, Silicon Valley-based companies that are beginning to look east for potential areas of expansion.

In addition to Amazon, other tech companies like Apple, Facebook, Uber, and LinkedIn have also begun to explore the potential for New York expansions. According to experts, the reason for this is partly driven by the need for new talent, as well as the rising costs of operating in the Bay Area.

Tech companies are "coming to the realization that the Bay Area, which has traditionally been the major center of tech activity in the U.S., is getting expensive and crowded," said Andrew Bartels, principal analyst at Forrester Research.

For New Yorkers considering new real estate investment opportunities, this means the time to buy a home in the West Village is now. Contact an Elegran agent to start taking advantage of all the great benefits that come from living in this neighborhood today.


Mentioned neighborhoods

West Village

Blog Archive


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2021 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Elegran LLC. IDX information is provided exclusively for consumers’ personal, non- commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Elegran LLC may or may not be the exclusive listing agent of the properties being displayed on All data displayed on is presented for informational purposes only and should be independently confirmed by all customers. All Information is compiled from both public and private sources including, but not limited to the RLS, MLS and ACRIS; each of which is assumed to be reliable. All information displayed is subject to errors and omissions regarding apartment specifications and final sale prices, and further, any unit listed may have had its listing withdrawn without notice subsequent to such information being compiled. No representation is made as to the accuracy of any description (ie: listing, close sale data, and/or building description) of any building or individual unit. All measurements and square footage are approximate and all information herein should be confirmed by customer and/or their attorney. Elegran LLC, its members, affiliates, and contributors adhere to New Your City, New York State, and United States Fair Housing Laws.