Apple has reportedly signed a lease for 220,000 square feet of office space in New York near Madison Square Garden

Reuters

The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in New York, U.S.

• Apple has signed a lease for new office space in Manhattan, according to a report by the New York Post.
• The 220,000 square feet of space is located at 11 Penn Plaza, near New York's Penn Station and Madison Square Garden.
• The lease will run for five years, according to the New York Post.
• Apple already has office space in New York in the Flatiron neighborhood, and is headquartered in Cupertino, California.
• Visit Business Insider's homepage for more stories.

Apple has signed a five-year lease for 220,000 square feet of office space in New York City, according to a report by the New York Post's Lois Weiss.

The offices are located at 11 Penn Plaza, near New York's Madison Square Garden and Penn Station. Apple will occupy the 11th through 14th floors of the building, which is owned by Vornado Realty Trust, according to the report.

Google Maps

11 Penn Plaza.

Vornado and Apple did not immediately respond to requests for comment.

In August, it was reported that Apple was looking for more office space in New York City. The company currently has offices in Manhattan's Flatiron neighborhood, and is headquartered in Cupertino, California.

Google Maps

Apple's current office space in the Flatiron neighborhood.

Apple's expansion in New York comes after other tech companies have sought to expand their operations in New York. Amazon had plans to open a second headquarters in New York's Long Island City, but canceled plans after pushback from local politicians and residents.

Vornado is seeking to revamp the neighborhood around Penn Station and emulate the success of the Hudson Yards development in New York, where Amazon recently announced it would open new offices.

According to Bloomberg, the area around Penn Station is "ringed by panhandlers, drug abusers, bland bank branches, nondescript pharmacies and steady streams of travelers."

Vornado is redeveloping over 5 million square feet in the area, which it calls "Penn District," and is spending over $2 billion to do so, according to the report by Bloomberg.

Read more about Apple's new office space over at the New York Post.

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