First we found Facebook’s secret Midtown office. Now, thanks to a helpful reader with access to a real estate database, we can tell you what Mark Zuckerberg is paying for the 5,350 square feet he’s renting in the French Building: $65 per square foot, or $347,750 a year. That’s $29,000 a month. Full details after jump.
Our tipster wonders why Facebook is slumming it in midtown: While the French Building has cool art deco flourishes, it’s considered a “B” building by commercial real estate standards, and it’s not really wired for state-of-the-art IT companies. Google’s Chelsea space, by comparison, is famously situated right over a major Internet hotbed. But this doesn’t seem like a mystery to us: Google’s NY office is heavy on actual engineers, and there’s actual technical work happening there. Facebook’s NY outpost, at least for now, is a sales office with a heavy Madison Avenue orientation.
Update: A reader tells us that Google has right of first refusal on every available new floor at its Chelsea outpost. No idea if it’s true, but does sound plausible.
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