The Google Effect on Hudson Square

375 Hudson St., last block with over 100,000 square feet of office space available in Hudson Square/ Image: Google Maps

NEW YORK CITY—Hudson Square, once known as the Printing District, historically had large buildings which housed printing presses. As the internet moved traditional publishing to digital communications, companies repurposed the expansive spaces. With sizable floor plates, these buildings provided value added space attracting TAMI (technology, advertising, media and information) companies.

However, in a GlobeSt.com interview, Transwestern’s research manager Danny Mangru points out Google’s taking up almost a half million square feet in Hudson Square in Q4 2018, pushed the submarket’s availability from 14.3% to 6.9%. “That’s a significant drop,” he says.