“In a place where dreams and ambitions are limitless, land is not,” New York Department of City Planning wrote. “There is one last frontier available in Manhattan—Hudson Yards.” This 28-acre mixed-use development, offers a thrilling prospect for those seeking commercial office space in a new NYC neighborhood.
A growing place to find office rentals
Phase One of the development of Hudson Yards office space focuses on Eastern Yards, which includes eight new buildings, public gardens, and a shopping mall. Phase Two of the west side development focuses on Western Yards, which is expected to include more offices and residential buildings, as well as a school.
When all is said and done, it is anticipated that Hudson Yards (HY) will include 16 skyscrapers, a 750,000 square foot retail center, a school, and 5,000 brand new residences. With over 18 million square feet, this area is to be the largest mixed use private real estate venture in U.S. history. The neighborhood is expected to generate approximately $19 billion dollars per year and attract around 65,000 daily visitors. There is no question that this is an amazing environment for companies just starting out or well-established.
Rent in a vibrant neighborhood
One of the most exciting places in NYC to secure an office for rent, Architectural firm Elkus Manfredi designed a 720,000 square foot shopping experience that will influence NYC fashion culture and dazzle shoppers from across the globe. It houses Neiman Marcus, as well as high-profile brands such as Banana Republic, Cartier, Chanel, H&M, Piaget, and Rolex.
Given NYC’s reputation as an arts hub, naturally HY is also putting the arts centerstage, providing creative spaces for novices and featuring all forms of art, including the visual arts, performing arts, and pop culture, commissioned from leading artists from around the world.
Looking for an office rental in an unforgettable area?
It may sound gimmicky, but it doesn’t hurt to have your business’s offices in a place that your customers won’t be able to stop talking about. Featuring a truly iconic landmark in Thomas Heatherwick’s massive $150 million Vessel, you can climb one of the 154 interconnected staircases or take a look out at NYC on one of its 80 landings.
Public Square and Gardens, which lies at the heart of this beautiful area, provides gardens and seating areas—and is a perfect place to chat with a client or have an informal meeting.
If you’re looking for more fantastic views, start your search at the High Line. The High Line was an abandoned freight line, but is now a lovely plant-lined walking path above street level. Your employees can get some exercise, enjoy panoramic views of the Hudson River, and admire public art projects such as murals, videos, and performances.
Get a rental with valuable conveniences
There is no shortage of eating establishments to entertain clients or for employees to grab lunch. The neighborhood boasts restaurants by internationally-renowned chefs like David Chang and Jose Andres.
Other amenities valued by employees include the world’s largest Equinox club at 35 Hudson Yards, accompanied by an Equinox hotel. Equinox Fitness has an outdoor pool, an indoor saltwater pool, a spa, group fitness classes, yoga studios, personal training, and cycling. In addition, the ever-popular Soulcycle is also located in the same building.
Hudson Yards Office And Data Trends
Upon completion, you will see high-rise commercial and mixed-use towers with more than six million square feet to New York City real estate. Being located in Midtown Manhattan, an area where offices rent for an average of $85.78 per square foot across all classes and just under $91 per square foot for Class A space.
Looking specifically at offices in Hudson Yards New York City, companies can expect leases at an average of about $120 per square foot. However, the city of NY has attempted to make the development a more attractive option for companies looking to set up shop by offering a discretionary tax break, contingent upon the creation of a fixed number of jobs.
Top Commercial Office Space for Lease In Hudson Yards New York NY
Properties are in high demand for leasing, but there are still some office vacancies. To get you started, learn about this Squarefoot-recommended office building:
330 West 34th Street, New York, NY: This property located at 330 West 34th Street between 8th and 9th Avenue has 18 floors, a modernized lobby, and a large outdoor patio. First constructed in 1926, 300 West 34th Street won the BOMA/NY 2015-16 Pinnacle Award for best renovated building.
Contact SquareFoot for pricing or a tour. Get to 330 West 34th Street easily using Penn Station, conveniently located less than .1 mile away, or the 42nd Street—Times Square Station, less than .5 mile away. Chelsea Park and the High Line are close by as well. These other nearby buildings are popular as well 1, 2, 3, 4, 5.
Find commercial space for rent in Hudson Yards
Your search may take you across NYC to see properties, from Brooklyn neighborhoods like Downtown Brooklyn, Williamsburg, and Bushwick to Midtown Manhattan areas like Grand Central Station and Penn Station. But whether your business wants an entire floor, a small space in a Class B building, a private section in a luxurious Class A building, or even shared office space (including hourly rental), looking west may just be the best way to find your ideal rental. This rapidly growing Manhattan neighborhood has the amenities and accessibility of midtown, with the intrigue that comes with a thriving commercial and artistic district.
Contact one of our experienced brokers to learn more about what property is available for leasing and what offices will best suit your business needs.