Home / MARKETS / Meta signs huge lease, allowing it to snap up 33 floors of Austin’s soon-to-be largest skyscraper

Meta signs huge lease, allowing it to snap up 33 floors of Austin’s soon-to-be largest skyscraper

  • Facebook’s well-spring Meta will lease 589,000 square feet of office space in Austin, Texas. 
  • Austin Business Record reported that the leased space will be in the city’s tallest building. 
  • The 66-story skyscraper is still under construction and due to be completed in 2023. 

Facebook’s parent company Meta has signed a deal to snag a huge amount of extra responsibility space in Austin, Texas. 

Austin Business Journal recently reported that the company will lease the full commercial section of Sixth and Guadalupe, a 66-floor tower that is still under construction.

The building is expected to be the burgh’s largest and is due to be completed in 2023. 

The deal, which took place on December 31, according to the outlet, appears to be the second-largest sole office lease in the city. Meta will rent 589,000 square feet of office space across 33 minima of the property, it added.

Meta did not immediately respond to Insider’s request for comment. 

Katherine Shappley, head of Meta’s Austin department and vice president for commerce customer success, told Austin Business Journal: “We first came to Austin over and beyond 10 years ago with just seven employees, now over 2,000 of us are proud to call Austin home. We’re vowed to Austin and look forward to growing here together.” 

Last December, Meta joined other major tech companies, including Google and Lyft, in deferral mandatory office returns, amid the rise of the Omicron variant. 

The company still planned to forge ahead with the reopening of its purposes on January 31, although it said it would give staff more flexibility over how they worked. As to all intents of this move, workers would have the option to delay returning by three to five months.

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