eBay is packing up its New York office and heading a few blocks east, relocating to 122 Fifth Avenue in Manhattan's Flatiron District, the landmarked building that Microsoft helped put on the tech map. The move drops the online marketplace into a fully overhauled, amenity-forward property near Union Square and the city’s busy tech corridor.
The deal
The company signed an eight-year lease for roughly 27,902 square feet, taking the entire second floor, according to Commercial Observer. Industry trackers list Bromley Companies as the landlord and name Newmark and CBRE as the brokerage teams on the transaction. Traded notes that eBay is relocating from 625 Avenue of the Americas, trimming its footprint to a size that still comfortably fits the company’s New York needs.
Building background
122 Fifth Avenue, a turn-of-the-century, landmarked block between 17th and 18th streets, has been repositioned with modern building systems, expanded floor plates and a rooftop "water tower" terrace, as outlined by Bromley Companies. Microsoft signed for about 150,000 square feet at the property in 2021, a move chronicled by The Real Deal, helping cement 122 Fifth as a bona fide tech hub.
Why it matters
The eBay lease brings the landmark property to full occupancy, according to a market note highlighted by CoStar. For landlords watching a choppy office market, smaller, high-amenity deals like this are viewed as practical proof that centrally located Manhattan space can still draw tenants, even as many companies stick with flexible workplace strategies.
What’s next
Details on eBay’s interior build-out and exact move-in timetable have not been publicly released, and those typically surface in lease filings and broker materials weeks after a deal closes. For now, the company is set to join a mix of retail, dining and tech neighbors at 122 Fifth, planting a fresh Flatiron flag as the neighborhood’s office market slowly regains momentum.
