- Amazon has signed a 15-year lease for 330K SF at 10 Bryant Park, replacing HSBC as the anchor tenant.
- The deal includes 16 months of free rent, $53.8M in tenant improvements, and $20M in landlord-funded renovations.
- This is Amazon’s fourth Manhattan lease since October, totaling roughly 940K SF as the company ramps up its in-office work policy.
Big Midtown Move
According to Bisnow, Amazon is making another big bet on Midtown Manhattan, further expanding its office footprint in the city.
The e-commerce giant has signed a 15-year lease for 330,000SF at Property & Building Corp.’s 10 Bryant Park, also known as 452 Fifth Avenue, according to a Tel Aviv Stock Exchange filing. The space was previously occupied by HSBC, which decamped to The Spiral last year.
Sweet Deal Terms
The agreement includes 16 months of free rent and $53.8M in tenant improvement allowances. PBC, the landlord, is also investing $20M into building renovations and expects to deliver the space as early as May. Amazon is set to pay approximately $29.5M annually for the first five years, with rent escalations at five- and ten-year intervals.
Stacking Up Square Footage
Amazon will occupy floors three through eleven of the 30-story tower, bringing its total Manhattan leasing activity over the past seven months to nearly 940,000SF. The company has the option to expand by another 145,000SF into an adjacent building on 39th Street and holds the right of first refusal on additional space within 10 Bryant Park.
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Office-First Push
The continued expansion coincides with Amazon’s push to bring employees back to the office five days a week, a reversal of its earlier hybrid-flexible stance. That policy shift exposed space shortages in its existing offices, including in New York.
Building Out Its NYC Hub
This latest lease brings Amazon even closer to its Manhattan headquarters at 424 Fifth Avenue, the former Lord & Taylor building it acquired from WeWork in 2020 for $1.2B. Recent leases also include 304K SF at Vornado’s 330 W. 34th St., 112K SF at 5 Manhattan West, and 193K SF at 237 Park Avenue.
Why It Matters
Amazon’s steady office expansion in Midtown bucks the broader trend of downsizing and subleasing in the office market. It underscores a long-term commitment to in-person work and a major footprint in one of the most competitive office markets in the country.
What’s Next
With multiple expansion rights built into the new lease, Amazon’s Manhattan office footprint could grow even larger. As other tech firms scale back, Amazon appears to be doubling down on NYC as a key operational hub.
