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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

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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