Through its parent company Alphabet, search engine hegemon Google is one of the most prominent commercial real estate tenants in New York City.
The Mountain View, Calif.-based Google launched operations out of New York in the early 2000s via different small locations. But it’s biggest statement—then and to date—was the 2010 acquisition of the nearly 3 million-square-foot 111 Eighth Avenue for $1.9 billion. The building has since become Google’s East Coast headquarters and the nexus of a kind of campus on Manhattan’s lower West Side.
Finally, perhaps recognizing how its mere presences has driven up real estate costs in the San Francisco Bay Area and neighboring Silicon Valley, Google announced in late 2019 that it was going to try to create 15,000 housing units in the region. This would be done in part through rezoning land Google owns to residential.