In a move that reflects Microsoft's efforts to streamline its office usage, the tech giant has made available for sublease 42,000 square feet of office space at 11 Times Square. They will continue to occupy other floors in the building and likely absorb employees into those offices.
The Microsoft sublease is part of a broader trend in Manhattan, where tech companies are increasingly subleasing large blocks of office space. Microsoft is one of many large tech companies that have listed office space for sublease in recent months. Many companies are finding that they need less office space, with more and more adopting hybrid work models. The trend will likely continue as the work landscape evolves.