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Facebook Signs Hudson Yards Mega-Lease Across 3 Buildings

Facebook will lease more than 1.5 million square feet of office space across 30 floors and three buildings at Hudson Yards. The lease deal includes approximately 1,200,000 square feet in 50 Hudson Yards, approximately 265,000 square feet in 30 Hudson Yards and approximately 57,000 square feet in 55 Hudson Yards.

30 Hudson Yards was developed by Related Companies and Oxford Properties Group, while 50 and 55 Hudson Yards were developed by Related, Mitsui Fudosan America and Oxford. Cushman & Wakefield represented Facebook, and Related handled negotiations in-house. Kramer Levin’s Jonathan Canter and Megan Seirle provided legal counsel to Related.

Related CEO Jeff T. Blau called the Facebook lease “an extraordinary commitment to New York City and Hudson Yards.”

With Facebook’s lease, 30 Hudson Yards is fully committed, 55 Hudson Yards is 99% committed and 50 Hudson Yards, anchored by BlackRock, is now 75% leased two-and-a-half years prior to occupancy.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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  • ◦Lease