Hudson Yards Office Space
The monumental Hudson Yards Redevelopment Project is transforming the far West Side of Manhattan. When completed it will contain 5 office towers, more than 100 stores, 20 restaurants, about 5,000 residences, cultural and open space, a public school and luxury hotel. Projected to cost $20 billion, it will rank as America’s largest private real estate project ever.
Complex Phased Construction
The site spans 10th to 12th Avenue and 34th to 30th Street including the West Side Rail Yards. As a result, two suspended platforms are being constructed to bridge the tracks and tunnels used by the LIRR, Amtrak and NJ Transit. A new #7 Subway Station will open on 34th Street. In the initial phase the eastern portion will be completed with the construction of the 52- story 1.7M RSF 10 Hudson Yards (2015), followed by the 80- story 2.6 M RSF 30 Hudson Yards (2018).
Who’s Leasing Hudson Yards Office Space
The towers provide 30- 50,000 RSF floors with state-of-the-art infrastructure, panoramic views and resource efficiency (LEED Gold certification is expected.) 85% of the office space at 10 Hudson Yards has already been leased to Coach, L’Oreal and SAP. Time Warner is the anchor Tenant at 30 Hudson Yards. Asking rents for Hudson Yards office space average $90 PSF and include a complete Tenant Incentive Package.
UPDATE:MAY 16, 2018: LINK HERE for a report about the migration of large financial service firms to the Hudson Yards.
Strategy for Leasing Hudson Yards Office Space
You can lease Class A Hudson Yards office space, or less expensive lofts in adjacent buildings by hiring the NO FEE Tenant Representation firm of Cogent Realty Advisors. Cogent will secure the optimal lease terms for you by utilizing in depth market information, transaction expertise and negotiation skills. Contact Mitch Waldman today: (212) 509-4049.