Amazon’s Manhattan Footprint Continues to Expand
Manhattan’s office market continues to show signs of an increased pace of recovery as a growing number of companies push for strengthened return-to-office policies. Since January 2025, a combined total of roughly 4.044 million square feet of big box office space over 100,000 square feet and spread across 14 deals have been reported, including Amazon’s latest lease. Since February, the e-commerce giant has expanded its Manhattan footprint by a total of approximately 635,431 square feet divided among three locations. The latest signing is at 10 Bryant Park, also known as 452 Fifth Avenue, which is conveniently located one block north of Amazon’s Manhattan headquarters in the former Lord & Taylor building at 424 Fifth Avenue. The 330,000-square-foot space spans the entire 3rd through 11th floors within the 30-story tower, and was formerly occupied by London-based HSBC, which relocated last year to a downsized 265,000-square-foot space at The Spiral, 66 Hudson Boulevard. According to reported details of a Tel Aviv Stock Exchange (TASE) filing, Amazon will be paying a base rent of $29.5 million in years 1-5, escalating to $34.8 million in years 11-15. The 15-year deal also includes the option to expand up to 145,000 square feet at a smaller building on 39th Street behind 10 Bryant Park, early full or partial termination rights after 10 years, and a rent concession of 16 months. In addition, landlord Property & Building Corp. (PBC) will spend about $53.8 million in upgrades to the leased space.
Source: https://therealdeal.com/new-york/2025/04/17/amazon-signs-lease-at-10-bryant-park/