How Metro Manhattan Selects the Brokers Who Serve You
When you work with Metro Manhattan to find Manhattan office space, one broker manages your search from the first conversation to the signed lease.
Walk west on 33rd Street and the city flips. The brick and the fire escapes drop away, and you hit a wall of glass that wasn’t there fifteen years ago. That’s Hudson Yards: twenty-eight acres of new towers built over a live rail yard, and somehow, in under a decade, it became the address big companies chase when they want to look like the future. BlackRock runs its whole operation out of one building here. So do KKR, Meta, Pfizer, Wells Fargo, and L’Oreal. In early 2026, Deloitte signed the biggest office lease the city had seen since the pandemic, around 800,000 square feet, in a tower that isn’t even finished.
One thing to get straight before you fall for the skyline: nothing here is cheap. It’s wall-to-wall Class A and trophy space, the rents sit near the top of anything in Manhattan, and almost nothing is sitting empty. Savills had Hudson Yards at 3.8 percent available at the end of September, the lowest of any submarket it tracks in Manhattan. And Cushman & Wakefield’s Class A average for the submarket that takes in these towers, $124.47 a foot, runs about $34 above the Midtown Class A average, which on a 10,000-square-foot floor comes to about $340,000 a year.
So if what you really want is exposed brick, a freight elevator, and a rent that won’t make your CFO flinch, we will save you the tours and say it now: look elsewhere. But if you want the newest office space in the city sitting on top of the best train access on the West Side, keep reading.
Many of our clients are teams of 5 to 30 people, and we’ll be honest: Hudson Yards has very little for them. The news here is Deloitte taking about 800,000 square feet at 70 Hudson Yards, and even Hudson Commons, the value building on the edge, leases floors of 16,000 square feet and up. The small suites are a few blocks away, in an older loft building on Tenth Avenue and on the side streets between Eighth and Ninth Avenues.
Plan on about 150 to 250 square feet per person, depending on how many private offices you want. That works out to roughly 750 to 1,250 square feet for 5 people, 2,250 to 3,750 for 15, and 4,500 to 7,500 for 30. The office space calculator in the pricing section below will give you a closer number before you tour.
Those older buildings cost a fraction of what the towers do. Suites listed on our site this year at 483 Tenth Avenue asked $45 to $48 a foot, and suites a few blocks east asked $37 to $38. At $48 a foot, a 2,500-square-foot office for about 12 people costs about $10,000 a month before electricity. Savills put the average Hudson Yards asking rent at $134.45 a foot in the third quarter, which would put the same office near $28,000 a month.
Ask about prebuilt suites. Landlords build them out ahead of time with offices, a conference room, and a pantry, so you can sign and move in within weeks instead of waiting months for construction. Several of the suites at 483 Tenth Avenue come wired and ready to occupy.
For two to five people, a private office in a coworking space can cost less than a lease of your own. Our coworking page covers the options nearby.
| Cluster | Profile | Best For | Tier |
|---|---|---|---|
| Eastern Yards trophy core | The original Related / Oxford towers over the eastern rail yard: 10, 30, 50, and 55 Hudson Yards | Finance, tech, media, pharma, global HQs | Trophy / A |
| 70 Hudson Yards (under construction) | Related / Oxford’s new zero-carbon tower on Hudson Boulevard, anchored by Deloitte, delivering 2028 | Professional services, finance, large HQs | Trophy (new) |
| Manhattan West | Brookfield’s adjacent campus: 1, 2, and 5 Manhattan West, plus the Eugene and the Pendry hotel | Law, banking, consulting, tech | Trophy / A |
| The Spiral and Hudson Boulevard | Tishman Speyer’s 66 Hudson Boulevard and the boulevard frontage | Pharma, finance, law | Trophy / A |
| Hudson Yards edge (Ninth Ave / Penn-adjacent) | Renovated and boutique buildings such as Hudson Commons at 441 Ninth Avenue | Tech, creative, midsize and value-seeking tenants | Class A / B |
| Western Yards (future) | Related / Oxford’s residential-led Phase 2 over the western rail yard, with office and a hotel, through roughly 2030 | Future office and mixed-use | Pre-development |
People say “Hudson Yards” like it’s one place. It’s really five, stacked shoulder to shoulder, and they don’t look, feel, or price the same.
The jump from the core to the edge is steep, so the right block can put you a two-minute walk from a hedge fund for a fraction of its rent.
One rule has run the New York office market since everyone came back from working at home: companies want the newest, nicest space near a train, and they’ll pay whatever it takes to get it. Hudson Yards was built for that exact company. The market has rewarded it accordingly.
And the market is having a moment. Manhattan just had its busiest first nine months of leasing since 2000, and availability fell to 12.4 percent in the third quarter, from 13.0 percent in the second (Colliers). Midtown Class A asking rents hit $90.57 a foot, the highest since 2008 (Cushman & Wakefield), and the very best buildings are close to sold out, with Manhattan trophy vacancy at a cycle-low 4.9 percent (JLL). Hudson Yards sits at the top of that heap. Its problem isn’t empty desks. It’s that there’s barely a desk to be had.
Let’s talk money, because here the conversation is short and a little brutal. There’s no value tier to fall back on. It’s almost all Class A, and what you pay comes down mostly to which lobby you walk through.
The blended submarket figures look almost reasonable, mid-90s a foot: Cushman & Wakefield’s Penn Station submarket averaged $96.17 in the third quarter, and CBRE’s Penn District/Hudson Yards district $96.42. Both fold in the older buildings around Penn Station, which ask far less than the towers. Inside the towers it’s another world. Savills put the Hudson Yards average at $134.45 a foot, and direct space in the marquee buildings runs from the low 120s into the 150s. The top floors of 70 Hudson Yards have been floated near $200. So the honest question isn’t what Hudson Yards costs. It’s whether you actually need to be in the trophy core.
For some tenants the answer is obviously yes. A bank with clients in the lobby every morning, a law firm recruiting against the biggest names, a company that needs a headquarters that photographs well, they pay the premium and never look back. Everyone else does fine in a renovated building on the edge, or they walk ten minutes to Chelsea or the Penn District and Garment area and pay far less for the same trains. Whichever camp you’re in, work out how much room you actually need before you fall for a view. Our Office Space Calculator sorts that in a few minutes.
| Building / Cluster | Class / Tier | Asking Rent Profile | Availability | Typical SF for New Leases | Tier |
|---|---|---|---|---|---|
| 30 & 50 Hudson Yards (core) | Trophy | High $100s to $150+; top floors higher | Low single digits | 10,000-100,000+ SF | Trophy |
| 10 & 55 Hudson Yards | Class A / trophy | ~$120 to $150/SF | Low single digits | 5,000-50,000+ SF | Trophy / A |
| 70 Hudson Yards (2028) | New trophy | Upper floors quoted near $200/SF | Pre-leasing | 20,000-100,000+ SF | Trophy |
| Manhattan West (1, 2, 5 MW) | Class A / trophy | ~$90 to $140/SF | Single digits to low teens | 5,000-75,000+ SF | Trophy / A |
| The Spiral (66 Hudson Blvd) | Trophy | ~$130 to $150+/SF | Mid single digits | 10,000-100,000+ SF | Trophy |
| Hudson Yards edge (441 Ninth Ave) | Renovated A / B | ~$70 to $95/SF | Low to mid teens | 2,500-30,000 SF | A / B |
| Penn Station submarket (context) | Class A blended | $124.47 Class A / $96.17 overall | 12.8% vacancy (C&W, Q3 2026) | Varies | Mixed |
Class A ($124.47/SF) and overall ($96.17/SF) asking rents and 12.8% vacancy for Cushman & Wakefield's Penn Station submarket, which takes in the Hudson Yards towers and Manhattan West along with the older Penn Plaza buildings (Cushman & Wakefield, Q3 2026). Savills puts Hudson Yards at $134.45/SF (gross) and 3.8% available, Avison Young has it at 3.7% available, and CBRE puts its Penn District/Hudson Yards district at $96.42/SF and 5.2% available (Q3 2026). Building- and cluster-level asking ranges, availability bands, and tiers are Metro Manhattan internal research (May 2026); the brokerages publish submarket figures, not per-building asking rents. The 70 Hudson Yards figure (near $200/SF on upper floors) is a marketed pre-leasing quote (New York YIMBY, 2025), not a submarket average. Asking rents, before concessions.
For all practical purposes, this is a trophy market, and the buildings that define it are some of the newest and most expensive ever put up in this city.
Start with 50 Hudson Yards, the biggest building in the neighborhood at nearly 3 million square feet and, at a reported $3.9 billion, the priciest office tower ever built in New York. Foster + Partners designed it, it opened in 2022, and it holds BlackRock’s global headquarters, nineteen floors of Meta, plus Truist, ServiceNow, and XTX Markets. Next door, 30 Hudson Yards runs 1,296 feet into the sky with the Edge observation deck cantilevered off its side, and houses KKR, Warner Bros. Discovery, Wells Fargo, and a roster of banks and law firms. Those two are the gravity well everything else orbits.
The rest fills in around them. 10 Hudson Yards, the first one up, has wide column-free floors and a little bridge straight onto the High Line; L’Oreal, Tapestry, SAP, and BCG sit inside. 55 Hudson Yards is the boutique one, where the hedge funds and law firms cluster: Point72, Silver Lake, Milbank, and the rest. A block over at Manhattan West, Brookfield landed Skadden, EY, Accenture, KPMG, Amazon, and JPMorgan. And up on the boulevard, Tishman Speyer’s Spiral, with greenery tumbling down its terraces, anchors Pfizer and was nearly full by early 2025.
If you’re trying to work out what really separates a true trophy building from ordinary Class A, we get into that in how trophy buildings set themselves apart, and we rank the field in our top Class A buildings in Midtown.
Most neighborhoods we write about have a deep bench of older, cheaper, character-filled space. Hudson Yards basically skipped that. It went up all at once, brand new, for big corporate tenants, so the worn-but-charming Class B and C lofts (here’s what Class A, B, and C actually mean) that fill Midtown South or the Financial District never really got a foothold here.
There are a few relative bargains if you know where to look. The edge, out toward Ninth Avenue and Penn, has a handful of renovated buildings priced under the towers; Hudson Commons at 441 Ninth Avenue, gutted and rebuilt with floor-to-ceiling glass and its own lounge, is the one people mean. But if the budget is what matters and you don’t need “Hudson Yards” on your letterhead, the honest move is to walk a few blocks. Chelsea is right downstairs. The Penn District and the Garment area sit on the same trains for less. And if it’s real exposed-brick loft space you’re after, that’s a SoHo or Chelsea hunt, not this one. Our best neighborhoods for small businesses guide weighs the options, and if you’re outgrowing a coworking desk, making the jump to your own office is the walk-through.
Even up here, there’s a deal to be cut, especially with good credit and a long lease. The usual mistake is to fight hard on the headline rent, win a couple of dollars and sign. Tenants rarely push on the two things worth far more: months of free rent and the money the landlord puts toward your build-out. That’s where the real value hides.
The ranges below come from deals we’ve actually done (Metro Manhattan internal research) and assume the 7-to-15-year terms that are normal for trophy space. Go shorter and they shrink. If you’re weighing how long to commit, our 3, 5, or 10-year lease term breakdown walks through the trade-offs.
| Tier / Buildings | Free Rent | Build-Out Allowance (TI) | Notes |
|---|---|---|---|
| Trophy core (30, 50, 55, The Spiral) | Eight to fourteen months free | $100 to $160 a foot and up | The richest TI checks in the city, but the thinnest free rent, because there's a line out the door. |
| Standard trophy and Class A (10 Hudson Yards, Manhattan West) | Ten to sixteen months free | $90 to $140 a foot | It's the best fit for most tenants: a marquee lobby with concessions that still mean something. |
| The edge (renovated A and B) | Twelve to eighteen months free | $60 to $100 a foot | This is the one stretch of the neighborhood where you hold real leverage. |
The ranges come from deals Metro Manhattan has actually done (Metro Manhattan internal research) and assume the 7-to-15-year terms that are normal for trophy space. Shorter terms shrink them.
Two things to keep straight. Your real rent, after the free months and the build-out money are counted, usually lands well below the number on the term sheet; our concessions breakdown does that math. And that build-out check is only worth what it actually builds, so read up on who pays for an office build-out before you sit down across the table.
Hudson Yards pulls a particular crowd: companies with money, and a war for talent to win. Finance and the big professional-services firms set the tone, with tech, media, pharma, and law filling in. Because it’s nearly all new Class A, the buildings don’t sort by industry as rigidly as older parts of the city. Still, matching your business and headcount to the right tower will save you a month of tours that go nowhere. The table below shows where each kind of business tends to fit.
| Industry | Best-Fit Buildings / Clusters | Typical Rent Range | Example Buildings |
|---|---|---|---|
| Asset Management / PE / Hedge Funds | Trophy core, The Spiral | $130 to $200/SF | 50 Hudson Yards, 55 Hudson Yards, 30 Hudson Yards |
| Banks / Financial Services | Trophy core, Manhattan West | $120 to $175/SF | 30 Hudson Yards, 50 Hudson Yards, 5 Manhattan West |
| Professional Services / Consulting / Accounting | 70 Hudson Yards, trophy core, Manhattan West | $110 to $200/SF | 70 Hudson Yards (Deloitte), 1 & 2 Manhattan West (EY, KPMG), 10 Hudson Yards (BCG) |
| Big Law / International Law | Manhattan West, trophy core | $120 to $175/SF | 1 Manhattan West (Skadden, Cravath), 55 Hudson Yards (Milbank), The Spiral (Debevoise) |
| Technology / SaaS / AI | Trophy core, Manhattan West | $100 to $160/SF | 50 Hudson Yards (Meta, ServiceNow), 5 Manhattan West (Amazon), 10 Hudson Yards |
| Media / Advertising | 30 Hudson Yards, 10 Hudson Yards | $110 to $160/SF | 30 Hudson Yards (Warner Bros. Discovery, CNN), 10 Hudson Yards (VaynerMedia) |
| Pharma / Life Sciences | The Spiral | $130 to $160/SF | The Spiral (Pfizer) |
| Consumer / Fashion / Beauty | 10 Hudson Yards | $110 to $150/SF | 10 Hudson Yards (L'Oreal, Tapestry) |
| Midsize / Value-seeking / Creative | Hudson Yards edge | $70 to $95/SF | 441 Ninth Avenue (Hudson Commons); nearby Chelsea and Penn District buildings |
Vertical landing pages: Financial Services, Law Firm Offices, Startup & Tech Space, Medical Offices, Retail / Stores. Building and rent fits are Metro Manhattan internal research (May 2026).
A word for the smaller shops: this neighborhood wasn’t built for you, and there’s no shame in admitting it. The floors are big, the rents are bigger, and the leases are written for companies ten times your size. If you’re under about 5,000 feet and you’re set on the area, your best shots are the edge and the sublease market, where somebody else’s leftover space can occasionally slip you into a great building for less. Skim the questions worth asking before you sign first. Otherwise, a few blocks east or south will treat your budget a lot better.
Out here, amenities aren’t a perk, they’re the sales pitch, and they’re aimed squarely at the people you’re trying to get back to the office. The place was built as its own little city, with more than a hundred shops and restaurants, the Edge observation deck, a luxury hotel, parks, and the river path right out back. The Vessel reopened in 2024 behind new mesh, and again for the season in spring 2026. The towers one-up each other on amenity floors, terraces, gyms, conference centers, and big sunlit floors with no columns in the way. Roughly three tiers:
Trophy tier (30, 50, 55 Hudson Yards; The Spiral): private amenity and conference floors, terraces, restaurants worth eating at, fitness, the full smart-building works, LEED on the wall, and a covered walk to the 7 train. This is the ceiling of the New York market.
New and standard trophy (70 Hudson Yards, 10 Hudson Yards, 1 and 2 Manhattan West): column-free floors, generous terraces, current systems, and amenity packages built for the way people work now. 70 Hudson Yards pushes it further: all-electric and zero-carbon, a members-style amenity floor, a media studio, even crash suites for staff flying in overnight.
The edge (441 Ninth Avenue and the renovated buildings near it): refreshed lobbies, tenant lounges, conference rooms, bike storage, and floor-to-ceiling glass, all for noticeably less than the towers.
See all Hudson Yards buildings or filter active listings by size and price.
Who your landlord is matters almost as much as which building you pick, and out here the list is short. The core belongs to Related and Oxford, the two firms that dreamed up the whole project, usually with Mitsui Fudosan’s money in the mix. Brookfield, with Qatar’s sovereign fund, owns Manhattan West. Tishman Speyer owns The Spiral. A couple of smaller names hold buildings out on the edge. They all bargain differently, and a broker who’s closed deals with them knows who will fund your build-out and who will dig in on every clause. If you want the lay of the land, here are the biggest office landlords in NYC.
| Landlord | Notable Hudson Yards Properties | Approx. Portfolio | Typical Lease Profile |
|---|---|---|---|
| Related Companies (with Oxford Properties) | 10, 30, 50, 55, and 70 Hudson Yards; master developer of the 28-acre district | ~18M SF at Hudson Yards (Phase 1) | 10,000+ SF, 10+ year |
| Oxford Properties Group | Co-owner and developer across the Hudson Yards towers | JV interest across the district | 10,000+ SF, 10+ year |
| Brookfield Properties (with QIA) | Manhattan West: 1, 2, 4, and 5 Manhattan West, plus the Eugene and Pendry | ~7M SF at Manhattan West | 10,000+ SF, 10+ year |
| Tishman Speyer | The Spiral (66 Hudson Boulevard) | ~2.85M SF (single asset) | 10,000+ SF, 10+ year |
| Mitsui Fudosan America | 90% owner of 50 Hudson Yards; partner at 55 Hudson Yards | Capital partner | Institutional |
| Cove Property Group (with Norges Bank) | Hudson Commons (441 Ninth Avenue) | ~700K SF (single asset) | 5,000+ SF |
| Moinian Group | 3 Hudson Boulevard (planned, on hold) | Pre-development | Pre-development |
Portfolio figures are approximate and limited to Hudson Yards and Manhattan West holdings. Several owners listed (Brookfield, Tishman Speyer, Related) hold much larger portfolios across Midtown and Downtown. 3 Hudson Boulevard is a planned Moinian tower that has been on hold; it is included for orientation. Metro Manhattan internal research (May 2026).
Transit is half the reason this neighborhood exists at all; the city literally extended a subway line to build it. The 7 train stops right underneath and Penn Station is a few blocks east, so for an address this far west, getting here is easy. It’s also the strongest card you can play when you’re trying to talk a team into coming back in. Plug a home address into our Commute Calculator and let the numbers do the arguing.
| From | To Hudson Yards | Mode |
|---|---|---|
| Hoboken, NJ | 15 to 25 min | PATH to 33rd St plus walk, or ferry |
| Jersey City (Exchange Place) | 20 to 30 min | PATH plus walk |
| Newark, NJ | 30 to 40 min | NJ Transit to Penn plus walk |
| Long Island City, Queens | 12 to 20 min | 7 train direct |
| Grand Central / Midtown East | 10 to 15 min | 7 train direct |
| Financial District | 25 to 35 min | A/C/E or 1/2/3 plus transfer |
| Downtown Brooklyn | 30 to 40 min | A/C or 2/3 plus transfer |
| Williamsburg, Brooklyn | 30 to 40 min | L plus 7 transfer |
| Hicksville, NY (Long Island) | 55 to 70 min | LIRR to Penn / Moynihan plus walk |
| Stamford, CT | 75 to 90 min | Metro-North to Grand Central plus 7 train |
Expensive. Savills put the average Hudson Yards asking rent at $134.45 a foot in the third quarter of 2026, and Cushman & Wakefield’s Penn Station submarket, which covers most of these blocks along with the older Penn Plaza buildings, averaged $124.47 a foot for Class A. Upper floors at 70 Hudson Yards were floated near $200 a foot in 2025. For comparison, Cushman & Wakefield put the Midtown average at $78.83 a foot and Manhattan’s at $74.37.
It’s the newest district in the city, built from scratch with trophy towers, big open floors, and the amenities large companies want, and that space is scarce. Savills had Hudson Yards availability at 3.8 percent in the third quarter of 2026, the lowest of any Manhattan submarket it tracks, and Avison Young put it at 3.7 percent. Cushman & Wakefield’s Class A average for its Penn Station submarket, which takes in the Hudson Yards towers, was $124.47 a foot, second in Midtown only to Park Avenue.
In 2025 Deloitte signed for roughly 800,000 square feet at 70 Hudson Yards, a 22-year lease worth about $2.6 billion and the largest corporate move in New York since 2020 (Commercial Observer). The firm is leaving 30 Rockefeller Plaza to anchor the new tower, which Related and Oxford are building as the city’s first zero-carbon office skyscraper, with move-ins around 2028. It was also the first ground-up office tower Manhattan had launched in more than five years.
BlackRock and Meta are at 50 Hudson Yards; KKR, Warner Bros. Discovery, and Wells Fargo at 30; L’Oreal, Tapestry, SAP, and the Boston Consulting Group at 10; and Point72, Silver Lake, and Milbank at 55. Pfizer anchors The Spiral, Amazon and JPMorgan sit at Manhattan West, and Deloitte will anchor 70 Hudson Yards when it opens in 2028.
Not really. The neighborhood was built new and almost entirely Class A, so the older, cheaper space that defines other parts of the city barely exists here. The closest you’ll get is a renovated building on the edge, like Hudson Commons at 441 Ninth Avenue, or a short walk to Chelsea, the Penn District, or the Garment area, where the same trains cost a lot less.
Tight. Savills put Hudson Yards availability at 3.8 percent in the third quarter of 2026, and Avison Young had it at 3.7 percent. CBRE, which tracks only modernized buildings, put its broader Penn District/Hudson Yards district at 5.2 percent available, its lowest since 2000. Across Midtown, CBRE had availability at 12.1 percent and Savills at 12.0 percent.
A $12 billion casino from Related, Oxford, and Wynn was planned for the empty Western Rail Yards, but it fell apart in May 2025 after the neighborhood pushed back. A month later the City Council approved a different plan and the financing for the $2 billion deck over the tracks: up to 4,000 apartments, a 6.6-acre park, a school, a hotel, and more than 2 million feet of office. It’s a multi-year build that should run toward the end of the decade.
The 7 train stops right under the neighborhood at 34th Street-Hudson Yards and runs to Times Square, Grand Central, and Queens. Penn Station and the Moynihan Train Hall, a few blocks east, carry the Long Island Rail Road, Amtrak, NJ Transit, and several subway lines. The Lincoln Tunnel, the West Side Highway, and the Hudson River ferries are all close.
It can be, if the budget works. Meta takes nineteen floors at 50 Hudson Yards, Amazon is at Manhattan West, and the big open floors suit teams that are growing fast. Cushman & Wakefield counted 2.8 million square feet of AI-related leasing in Manhattan through September 2026, nearly triple all of 2025, but that was only 11.7 percent of new leasing, and the firm expects AI tenants to remain a key driver of Midtown South leasing. Smaller or more cost-conscious tech tenants often do better there.
They’re next-door neighbors that lease as one district, but different firms own them. Hudson Yards proper (10, 30, 50, 55, and 70) is Related and Oxford’s project over the rail yards; Manhattan West (1, 2, 4, and 5) is Brookfield’s block just east. Both are trophy Class A, share the same trains, and chase the same tenants.
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