Deloitte Takes 800K SF at Hudson Yards
The accounting giant will move from 30 Rock in about four years.
Big Four accounting firm Deloitte has inked a deal to move its North American headquarters to 70 Hudson Yards, a 1.1 million-square-foot tower that is part of the Hudson Yards megaproject in Manhattan. Construction is about to start on 70 Hudson Yards for a completion in late 2028. The accountancy will occupy about 800,000 square feet.
Designed by Gensler and Roger Ferris + Partners, the copper-facade building is under development by Related Co. and Oxford Properties Group. 70 Hudson Yards will rise 60 stories, with views of both the Hudson River and the Manhattan skyline, will include a number of terraces, and be fully interconnected into the overall Hudson Yards complex.
The property, which will occupy an assemblage of two adjacent parcels, will have the distinction of becoming New York’s first zero-carbon emission skyscraper. 70 Hudson Yards floor plates will span around 30,000 square feet.
Tenants at 70 Hudson Yards will have immediate access to the No. 7 train, which runs from 34th Street-Hudson Yards to Main Street in Flushing, Queens, as well as access to an Equinox Fitness Club and the first-ever Equinox Hotel in the larger Hudson Yards development, and ZZ’s, a members-only club.
70 Hudson Yards itself will include a sizable amount of event space, private dining, a content creation-podcast studio, and suites for employees and guests to rest after flights. Deloitte will have use of an 8,000-square-foot terrace at the building.
Deloitte will leave the space it currently occupies at 30 Rockefeller Center toward the end of this decade. Besides the opportunity to be in new and greener space, the company will also be able to consolidate its Manhattan staff in one block of office space, rather than the three different blocks at 30 Rock.
The lease came in the wake of Related and Oxford proposing more residential space at Hudson Yards West, for a total of 4,000 in the yet-to-be approved expansion of Hudson Yards. The residential units would be part of a $12 billion casino complex built with gaming giant Wynn Resorts.
Manhattan office market surges
The tower is the largest ground-up U.S. office development since the pandemic, and is getting underway just in time for the recovery of New York City office demand. In Manhattan alone, tenants leased nearly 7.9 million square feet of office space in Manhattan in Q1 2025, according to CBRE, besting the quarterly average of about 5 million square feet, and at a level not seen since before the pandemic.
Amazon and Santander Bank were among the heavy-hitters to commit to new space in Manhattan last quarter. The leasing surge comes at a time when new construction in the borough has been essentially nil.
“People are back, people are focused, people need space,” said SL Green CEO Marc Holliday on a recent conference call about the state of the office market. “And it’s like we’re just seeing that all over the market.”
SL Green, New York City’s largest office landlord, though not involved in 70 Hudson Yards, invested in the Hudson Yards neighborhood with the acquisition of a majority stake in 460 W 34 th St. in 2018 for $440 million.
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