D
eloitte's departure from Rockefeller Center to 70 Hudson Yards is a significant win for Related Companies and Oxford, its financial partner. However, Tishman Speyer, which owns two-thirds of 30 Rock, must now fill the void left by Deloitte in a market where companies increasingly prefer modern, top-rated office spaces over century-old buildings.
Deloitte currently occupies around 430,000 square feet at 30 Rock and another 98,000 square feet at 1221 Sixth Avenue. The largest available space at 30 Rock is a 33,000-square-foot unit on the 54th floor, with an asking rent of $112 per square foot.
While some industry insiders view 90-year-old office space as outdated, CBRE's Stephen B. Siegel believes Tishman Speyer won't struggle to find new tenants. With four years to fill the space and a focus on amenities and history, Siegel thinks 30 Rock will remain attractive despite its age.
Deloitte is moving to expand into an 800,000-square-foot space at 70 Hudson Yards, a 717-foot-tall tower set for completion in late 2028. The company's decision is partly driven by the desire to consolidate its workforce on contiguous floors and prioritize sustainable design and employee health benefits.
Deloitte employees are largely welcoming of the move, citing the need for a nicer office space. However, some have expressed concerns about the lack of dining options at Hudson Yards – a criticism that seems unfounded given the complex's numerous restaurants.
