Amazon is continuing to grab office space in New York amid its return to in-person work requirements.
Now, the e-commerce giant has signed a 15-year lease to take 333,000 square feet of space at 10 Bryant Park in Midtown, according to a report from The Real Deal. It marks one of the largest office deals in the submarket since the pandemic, as Amazon will pay $29.5 million annually in rent until the 9th year, with the rent scheduled to rise to $32.2 million afterward, the news outlet said.
Additionally, Amazon will have the option to expand by 145,000 square feet at a smaller property on 39th Street. Both buildings are owned by Property Building Corp. (PBC).
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Originally, PBC bought 10 Bryant for $330 million in 2010 from HSBC. Then, PBC marketed the office building in 2021, with Innovo Property Group bidding to acquire it at $855 million. However, the deal never closed, as Innovo sought to recapitalize or sell the property at a $1.2 billion valuation — so PBC chose to keep it, according to The Real Deal. PBC refinanced its debt on the property and spent more than $100 million to renovate it.
Amazon, meanwhile, is continuing to add office space. In December, Jeff Bezos' empire grabbed 304,000 square feet of office space in the Penn District at a WeWork site. And in February, Amazon struck another deal with WeWork to expand its lease at the 5 Manhattan West building for 472,000 square feet in Chelsea.
Outside of New York, Amazon signed a deal to secure 50,333 square feet of office space in Miami's Wynwood Plaza, in January. That marked the largest office space deal ever signed in Wynwood.
The full-time five days per week RTO demand, which has gone effect this year, has appeared to have a positive impact on Amazon's headquarter city — Seattle. According to the Seattle Times, citing DSA data, Amazon’s Seattle campus reached 74% of January 2019 norms in January 2025, up from 62% year-over-year.
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Anthony Russo
Anthony Russo has been contributing to GlobeSt. since July 2024. Along with CRE, his financial background expands to capital markets, the economy, and consumer issues. Previously, he has written for CapitalWatch and was a senior reporter for The US Sun.
