Amazon still expanding in NYC with Bryant Park lease

Group 1 - Amazon has signed a significant lease for 330,000 square feet at 10 Bryant Park, marking a notable expansion in the Midtown office market [1][2] - The lease ensures that the tower remains fully occupied, as HSBC, the previous tenant, is still paying rent until the end of the month [2] - Despite previous setbacks in 2016 regarding a major campus in Queens, Amazon has continued to expand its presence in New York City [2][3] Group 2 - Amazon's new lease at 10 Bryant Park represents its first long-term direct lease commitment since the pandemic, with plans to occupy floors 3 through 11 [4][5] - The annual rent for the space will start at $29.5 million, increasing to$32.2 million over five years, according to a filing by Property & Building Corp [4] - This expansion is part of a broader trend of large-scale corporate growth in Midtown, contributing to a decrease in available high-quality office space [7]