Commercial space in Hudson Yards

New York City's PLUTO tax lot data (26v2) records about 35.2 million square feet of commercial floor area across 166 properties in the part of Hudson Yards Leasemark covers, including about 22.2 million square feet of office and about 5.3 million square feet of retail. The largest office building by that measure is 427 Tenth Avenue, at about 2.5 million square feet. That is the existing building stock, not space currently available.

Two subway stations sit within about 0.5 mi of Hudson Yards' commercial core, served by the 7, A, C and E trains. The closest is 34 St-Hudson Yards (7), roughly 3 minutes on foot; then 34 St-Penn Station (A C E). Walking times are straight-line estimates from MTA station data.

Both stations within about 0.5 mi of Hudson Yards' commercial core are fully accessible, per the MTA: 34 St-Hudson Yards (7) and 34 St-Penn Station (A C E).

The newest sale on record is 547 West 27th Street, which sold in June 2026 for $38.2 million to MW TOLERO HOLDING CORP., per the deed recorded with the city. 9 sales, $2.94 billion in all, have been recorded of the large commercial buildings Leasemark tracks in Hudson Yards since 2016.

See every building sale in Hudson Yards

On the Department of Finance's 2026/27 assessment roll, the 26 large commercial buildings Leasemark tracks in Hudson Yards that pay property tax come to a median of about $13.46 per square foot of floor area a year, with the middle half between $8.94 and $15.22. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is Five Manhattan West, 450 West 33rd Street, about $31.4 million a year. 7 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.

How taxes show up in gross and net leases

In the 12 months to October 2026, the Department of Buildings issued first permits for 124 interior build-outs in 18 of the 33 large commercial buildings Leasemark tracks in Hudson Yards, with work permitted on 141 floors in all. Their filed cost estimates add up to about $309 million. The most were at The Spiral, 527 West 34th Street (18 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.

Build-outs in every NYC neighborhood

Yes, for larger leases. Hudson Yards is in Manhattan below 96th Street, where the city's Commercial Rent Tax applies. A tenant owes it only when base rent for the space is $250,000 a year or more. The tax is 6% of base rent after a 35% reduction, so 3.9% of rent, with a sliding credit between $250,000 and $300,000, and the Small Business Tax Credit wipes it out for businesses with total income of $5 million or less and base rent under $500,000.

Estimate it with the Commercial Rent Tax calculator

Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.