SUBSCRIBERS
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
Add BT as a preferred sourcePublished Fri, May 26, 2017 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 world's largest asset manager, is moving into 847,000 square feet of a development that will be part of a neighbourhood rising over rail yards and tracks in a once-forlorn corner of New York City.
Share with us your feedback on BT's products and services
