The world’s largest money manager may soon set up shop at Hudson Yards.
According to Bloomberg News, BlackRock Inc. is looking for one million square feet of space for its new headquarters – and Hudson Yards’ rising office towers may fit the bill perfectly.
BlackRock is currently headquartered in two buildings on East 52nd St., an also boasts a main office in Princeton, NJ. But there’s a solid chance it will join financial firms like KKR, Wells Fargo, and Boston Consulting Group, which have already agreed to move from Midtown to the far West Side.
“Larger financial firms, along with other traditional New York industries such as publishing, generally have been reducing their real estate and consolidating into fewer locations,” Bloomberg reports.
Developers should be “salivating” over the chance to house a top-tier firm like BlackRock, office leasing expert Aaron Jodka told Bloomberg. “A big credit tenant – investors want that.”
Of course, nothing’s official yet – and there’s still a chance that BlackRock will stay right where it is.