Qube Research Leases Top Floors at 70 Hudson Yards
The firm will move into the $2.5 billion Manhattan office tower following its expected completion in 2028.
Updated on Oct. 28, 2026 in Commercial
Live Poll
Do you believe commercial rent prices for prime office space will keep rising in your country?
Qube Research and Technologies has signed a lease for 60,000 square feet at the under-construction 70 Hudson Yards in New York City. The firm will occupy the top two floors of the $2.5 billion tower once it is completed.
Why it matters
The deal signals continued high-end demand in the Manhattan office market as developers continue to secure major tenants for luxury projects currently in development. Securing top-tier office space reflects the competitive nature of commercial real estate in the city.
Qube Research and Technologies secured 60,000 square feet at 70 Hudson Yards for $324 per square foot. This follows a larger 807,000-square-foot lease signed by Deloitte at the same property.
The players
Qube Research and Technologies
A financial research firm that currently occupies space at 50 Hudson Yards.
Deloitte
A global professional services firm that previously signed a 22-year lease for over 800,000 square feet at the site.
Kuwait Investment Authority
A sovereign wealth fund that purchased a $412.6 million stake in the Hudson Yards development.
The details
The lease agreement covers the top two levels of 70 Hudson Yards, a skyscraper currently in development with a $2.5 billion construction budget. The tenant is relocating from the 64th floor of nearby 50 Hudson Yards. The development is supported by a $1.6 billion construction loan from Wells Fargo, Bank of America, and Standard Chartered PLC.
Timeline
Construction began on the 70 Hudson Yards tower in 2025.
The new lease was announced at a meeting in October 2026.
The 70 Hudson Yards tower is expected to reach completion in 2028.
The Home Front
This deal underscores the strong demand for premium commercial space in Manhattan's Hudson Yards neighborhood. It follows a consistent trend of major firms committing to ultra-luxury office towers well in advance of their projected completion dates.
While this is a commercial lease, residents of the area can track the construction timeline at 70 Hudson Yards to anticipate local traffic and noise levels as the 2028 completion date approaches. Monitor city development notices for information on planned lane closures or street activity near the site.
The takeaway
Large-scale commercial developments in Manhattan continue to draw significant investment and long-term commitments from major corporations. Homeowners and renters nearby should note that 70 Hudson Yards remains under active construction until 2028.
Further reading
For broader trends in the local office market, see Commercial.
Source note: This article includes information reported by Bisnow.
Live Poll
Do you believe commercial rent prices for prime office space will keep rising in your country?
