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BlackRock to pay US$1.25b rent over 20 years for New York HQ

Firm is moving into 847,000 sq ft of space in new project

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For the time being, BlackRock has offices in two buildings on 52nd Street off Park Avenue, along with other locations.

New York

BLACKROCK Inc will initially pay about US$60 per square foot in rent for its future headquarters in the Hudson Yards district on the far west side of midtown Manhattan, the company said in a filing on Thursday.

BlackRock, which oversees US$5.4 trillion in assets and is the

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