Facebook Hunting for Office Space, Plans a Return to Boston
By Veronica Grecu, Associate Editor
Commercial real estate brokerage Newmark Knight Frank is on a mission to find around 7,000 square feet of office space for Facebook, the Menlo Park, CA-based social media giant. Founded nine years ago by then Harvard student Mark Zuckerberg, the $66 billion social media giant is looking to return to the Kendall Square area of Cambridge and be near the Massachusetts Institute of Technology (MIT) and other major tech companies such as Microsoft, Google and Nokia.
According to an exclusive story in the Boston Business Journal, the company spent some time on Stuart Street in 2005, then leased space for a year or so on Summer Street in South Boston before relocating operations to California.
Facebook has now only four employees in Boston—in a co-working facility located at 711 Atlantic Ave in the Financial District—but the company is planning to hire up to 40 new software engineers this year. With Harvard around the corner, the company’s recruiters will have immediate access to a larger talent pool of graduates for the upcoming office.
The Menlo Park campus has been the company’s headquarters since 2011; a year later Facebook announced plans to build the largest open plan office in the world on the same site, according to officebroker.com. In 2008 the company opened a shared service center in Dublin, and in 2012 the employees in London moved to a larger office in Covent Garden.economy, leasing, Microsoft, operations, social media, Tech, Technology