Amazon has signed a 15-year lease for 330,000 square feet at 10 Bryant Park, marking one of Manhattan’s biggest post-pandemic office deals and signaling the tech giant’s unstoppable expansion into New York’s core business district.
At a Glance
- Amazon leases 330,000 square feet at 10 Bryant Park
- 15-year agreement starts at $29.5 million per year
- Lease includes 16 months of free rent and $53.8 million in improvements
- Amazon occupies floors 3 to 11, formerly used by HSBC
- Option to expand into adjacent 145,000-square-foot property
Amazon’s Major Midtown Power Grab
Amazon has locked in a massive 15-year lease at 10 Bryant Park—also listed as 452 Fifth Avenue—cementing its dominance in Midtown Manhattan’s commercial scene. The lease covers 330,000 square feet across nine floors, from the third to the 11th, all of which had been left vacant after HSBC exited the property.
Annual rent begins at $29.5 million and will scale up to $32.2 million after five years, eventually reaching $34.8 million by the tenth year, according to reporting from The Real Deal. As part of the agreement, Amazon will also receive $53.8 million in tenant improvement funding, plus 16 months of free rent—one of the most generous lease structures since the pandemic rocked the office market.
Doubling Down on NYC
This deal positions Amazon directly next door to its $1.2 billion purchase of the former Lord & Taylor building, now serving as the company’s NYC headquarters. The proximity suggests a strategic consolidation effort, designed to enhance collaboration and simplify operations across its Manhattan locations.
The building’s landlord, Israeli firm Property & Building Corporation (PBC), purchased the tower in 2010 for $330 million. After a failed attempt to sell it in 2021, PBC doubled down by investing $100 million into renovations and refinancing, as detailed by the Commercial Observer. The payoff? Full occupancy. With Amazon’s lease finalized, the tower is once again at capacity, sharing tenancy with firms like Novartis and Brighton Park Capital.
Market Shake-Up and Strategic Real Estate Play
The deal offers Amazon an option to expand into a neighboring 145,000-square-foot property on 39th Street, further signaling aggressive growth ambitions. Industry insiders say this is Amazon’s largest direct lease in Manhattan since before the pandemic—and perhaps the most consequential.
As reported by CoStar, this is Amazon’s fourth office lease in Manhattan since October 2024, bringing its total new footprint in the city to nearly 940,000 square feet. The rapid expansion sends a clear message: despite remote work trends and economic uncertainty, Amazon is betting big on New York.
NYC’s Office Market Gets a Jolt
This landmark lease is part of a broader wave of corporate reentry into Manhattan’s office market. With in-person work slowly regaining ground, major firms are again staking claims on high-end real estate. Amazon’s bold return to the leasing table reflects a new phase of recovery—and it’s being watched closely by landlords, brokers, and rivals alike.
Amazon’s strategic presence in Bryant Park could drive a ripple effect across Midtown’s office ecosystem, compressing vacancy rates and raising the bar for tenant perks. According to CRE Daily, this latest move may not just reshape Amazon’s NYC operations—it might redefine Midtown’s entire commercial future.
