Qube Research Leases Top Floors at 70 Hudson Yards
The firm will move into 60,000 square feet of office space within the Manhattan development.
Updated on Oct. 28, 2026 in Commercial
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Qube Research and Technologies has signed a lease for the top two floors of the 70 Hudson Yards office tower. The agreement secures 60,000 square feet of space at a rate of $324 per square foot.
Why it matters
The deal represents a significant expansion for the firm as it prepares to relocate from its current office space at the nearby 50 Hudson Yards building. The commitment underscores the ongoing demand for premium office space within the high-profile Hudson Yards development.
The lease covers 60,000 square feet at a rate of $324 per square foot. This project is a $2.5 billion office tower that previously secured a $1.6 billion construction loan.
The players
Qube Research and Technologies
An investment firm that is moving its headquarters to the top two floors of 70 Hudson Yards.
70 Hudson Yards
A major office tower currently under construction in New York City with a total estimated cost of $2.5 billion.
Deloitte
A professional services network that signed a 22-year lease for over 800,000 square feet at the tower.
Kuwait Investment Authority
A sovereign wealth fund that purchased a $412.6 million stake in the 70 Hudson Yards project.
The details
Qube Research and Technologies is transitioning from the 64th floor of 50 Hudson Yards to the upper levels of the new tower. The project is backed by a $412.6 million investment from the Kuwait Investment Authority and features major tenants like Deloitte.
Timeline
2025: Construction loan and Deloitte lease finalized.
2025: Construction began on 70 Hudson Yards.
October 2026: Lease announced at Urban Land Institute meeting.
2028: Expected completion of 70 Hudson Yards.
2029: Expected opening of 625 Madison Ave.
Culture Shift
This deal follows the pattern set by the 70 Hudson Yards $1.6 billion construction loan. The lease signals strong confidence in the development's long-term commercial viability.
The relocation of this tenant shifts occupancy within the Hudson Yards district as high-end firms migrate to new construction. Residents and local commuters can expect continued construction activity in the area leading up to the 2028 completion date.
The takeaway
Large-scale commercial moves in New York City often signal shifts in demand for premium office real estate. Firms relocating to new towers typically prioritize modern amenities and infrastructure over older, adjacent office spaces.
Further reading
For more information on the evolving office market, visit the New York City Commercial section.
Source note: This article includes information reported by Bisnow.
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