Hudson Yards Asking Top Dollar for Offices at River's Edge
- Rents jump 40 percent in year as tenants seek modern spaces
- Development will have 40,000 workers, one subway station
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Hudson Yards, one of Manhattan’s more inaccessible office locations, is quickly becoming its most expensive as its developers rewrite real estate’s most-enduring axiom.
“It used to be location, location, location; today it’s called place, place, place,” said Thomas Birnbaum, president of NYC Realty Advisors. Developers Related Cos. and Oxford Properties Group “have tried to create a place where you can go to your fitness club, you can go have coffee, you can do co-working, you can sit outside in the sunshine in the park.”