Goodbye, home office? Google buys office in New York for R$10 billion

Google announced on Tuesday, 21 it will buy a business building in New York for $ 2.1 billion, equivalent to more than 10 billion reais.

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It is the biggest acquisition of a building of its kind since the beginning of the pandemic, according to the American newspaper The Wall Street Journal, which could mean that giant companies, including those that were the first to adopt the remote work model, still have an appetite for living and working spaces.

Google’s move has been interpreted as a return to face-to-face work, albeit in the long term. In the past, Google has stated that it intends to require company employees to be vaccinated against covid-19 and has stalled plans for a comeback because of the advance of the Delta variant in the US.

A more planned return of the company is expected for the beginning of 2022. The building is still under construction in western Manhattan, on the banks of the Hudson River. The project is called St. John’s Terminal, in reference to an old freight terminal that once stood on the site. Google already leases the space but said it plans to exercise a purchase option starting next year.

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New York is the second-largest concentration of Google workers in the US, behind only California.

 

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