BlackRock soars above 1M sf at 50 Hudson Yards

BlackRock doesn’t seem to mind adding space at its New York City headquarters at the drop of a hat. So what’s another roughly 200,000 square feet? The asset manager is subleasing 194,000 square feet from Meta at Related Companies’ 50 Hudson Yards, the Commercial Observer reported. The sublease was first disclosed in Savills’ third-quarter office report. Terms of the sublease were not disclosed. Asking rents at the building ranged from $175 to $240 per square foot when it opened three years ago; the average asking rent in the neighborhood during the second quarter was $153.52 per square foot, according to […] This article originally appeared on The Real Deal. Click here to read the full story.