Amazon has signed a significant 330,000 square-foot lease at 10 Bryant Park, solidifying its presence in Midtown Manhattan. This lease follows their previous setbacks in securing larger spaces, including an abandoned campus in Queens. The deal ensures full occupancy for the building and signals Amazon's long-term commitment to New York City, with plans to absorb additional employees and create a 'Manhattan campus' through strategic lease agreements. The rental amounts will escalate over time, reflecting Amazon's relentless expansion in the area, despite past challenges.
This is really their first, long-term direct-lease commitment since the pandemic, highlighting Amazon's rapid growth in the competitive Midtown office market.
Amazon's lease at 10 Bryant Park is a nod to its resilience, as fears of the company leaving NYC after the Queens campus setback have been dispelled.
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