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Amazon has leased 330,000 sq-ft at 10 Bryant Park in New York City, fully occupying the former HSBC tower. The deal, finalized last week, follows lease talks initiated in Oct '24. HSBC will vacate by month's end, and Amazon will take over floors 3–11. Annual-rent starts at USD 29.5 million, rising to USD 32.2 million in five years. Despite past setbacks, Amazon continues expanding in NYC, adding this long-term lease to its growing Manhattan presence. The company already owns the Lord & Taylor building and holds subleases elsewhere. The new-offices will open in early-2026 as part of its city-campus.
Amazon has signed a long-term lease for a 330,000 square foot office space at 10 Bryant Park in New York City, marking a significant expansion of its Manhattan footprint. The property, located at 452 Fifth Avenue near West 40th Street, was previously occupied by HSBC and will now be fully taken over by the e-commerce giant. This deal brings the entire building under lease, leaving no vacancies for its current owner, the Israel-based Property & Building Corp. Advertisement
According to The Real Deal, which cited sources familiar with the matter, lease discussions began in October 2024 and were concluded smoothly last week. The agreement was finalized without major obstacles, signaling a strong mutual interest between both parties. HSBC, now relocated to Tishman Speyer's Spiral, will continue to pay rent for floors 3 through 11 until the end of this month. Amazon is set to take possession of these floors immediately thereafter.
This move marks Amazon's first major direct-lease commitment in New York City since the pandemic, with sources referring to it as a cornerstone of what is becoming a Manhattan campus for the tech company. Amazon's annual rent at the location will begin at USD 29.5 million and is scheduled to rise to USD 32.2 million after five years, according to a disclosure filed by Property & Building with the Tel Aviv Stock Exchange. The landlord was represented in the deal by a JLL team led by Paul Glickman and Benjamin Bass, while Amazon was advised by a separate JLL group.
This lease signals Amazon's continued investment in New York despite the political backlash it faced in 2016, which forced the company to scrap plans for a large headquarters in Queens. Contrary to speculation that it might scale back in the region, Amazon has steadily strengthened its presence in the city.
In 2020, the company acquired the former Lord & Taylor building on Fifth Avenue for USD 1 billion. That site currently employs around 2,000 people and will soon include Shaver Hall, a 34,000 square foot food court expected to open later this year.
Additionally, Amazon has secured short-term subleases at 330 West 34th Street, 237 Park Avenue, and 5 Manhattan West two of which were sourced through WeWork. These subleased floors are not expected to be relinquished, even after the new offices at 10 Bryant Park become operational in early 2026.
The lease underscores Amazon's long-term commitment to New York as a strategic hub for its growing workforce and operations.
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