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Thursday, March 14, 2013

Al Jazeera Is Office Hunting In New York


According to the Wall Street Journal, the biggest Arabian broadcaster is looking for an office in New York to base its US headquarters.

Backed by the family of Qatar, Al Jazeera has become the most watched news channel in the Arab world, and their plans to expand their operations to the US started in 2006 when they launched Al Jazeera English, but in January of the present year they acquired Current TV.

The Network has won numerous U.S. and international awards for its journalism and with more than 70 offices across the globe it has one of the largest newsgathering forces network in the world.

While they prepare the big launch, they have decided to rent temporary space close to Penn Station - at 311 W. 34th St., and at another building nearby- for their 150 staff members, but the team is expected to grow to 300 in New York, while their national team is expected to be around 700 people with offices in Miami, Washington DC, Chicago and Los Angeles.

Al Jazeera has reached out to CBRE Group to help them find studio space, and although they have already visited the former New York Times Building, which is very convenient as it’s already wired for digital media distribution, it seems the space had too many columns and will not be a fit for the new channel.

 The New York Times Company sold their previous building in 2004 in 43rd St and moved to Eight Avenue, where The Boston Globe, the International Herald Tribune, and other newspapers from the same publisher share the building.

 With a vacancy rate of 11.7% in Midtown Manhattan, it’s not always easy to find the right space for your company. Don’t waste any time, visit us and we’ll send you a personalized Office List.

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