50 Hudson Yards
This is a high-quality lease transaction involving two best-in-class counterparties: Jump Trading, a globally recognized and financially robust proprietary trading firm, and Related Companies, one of NYC's premier institutional landlords anchored by the Hudson Yards development. The 99,305 SF commitment at 50 Hudson Yards — a Class A trophy tower completed in 2022 with LEED certification and top-tier amenities — reflects strong tenant conviction in the submarket and the building's premium positioning. Hudson Yards continues to command among the highest office rents in Manhattan, typically ranging from $100–$160+ PSF annually, and the submarket has demonstrated resilience with a roster of elite financial and tech tenants. The deal carries no visible credit risk, distress signals, or title concerns, and Jump Trading's stated intent to double its NYC headcount supports long-term lease stability. The primary risk factors are macro-level office market softness and the possibility of sublease pressure if Jump Trading's expansion plans were to contract, though the firm's financial profile mitigates this meaningfully.
Deal Stats
Parties
Seller / Landlord
Related Companies, led by Jeff T. Blau and co-founded by Stephen Ross, is one of the most prominent and well-capitalized real estate developers in the United States, responsible for developing the entire Hudson Yards megaproject. Their track record at 50 Hudson Yards and adjacent towers demonstrates consistent ability to attract top-tier institutional and financial tenants at premium rents.
Buyer / Tenant
Jump Trading is a leading proprietary trading firm and quantitative hedge fund headquartered in Chicago, known for high-frequency and algorithmic trading across global markets. The firm's expansion into a nearly 100,000 SF Manhattan office signals significant growth ambitions and financial strength, consistent with its reputation as one of the most capitalized and sophisticated trading operations globally.
Score Analysis
Why this score
Tenant Credit Quality
Jump Trading's status as a highly capitalized, profitable proprietary trading firm with consistent revenue eliminates counterparty credit risk and supports lease stability.
Landlord Institutional Strength
Related Companies' deep capital reserves, development expertise, and track record managing Hudson Yards ensures professional asset management and tenant retention focus.
Building Quality & Positioning
50 Hudson Yards is a newly completed (2022) Class A LEED-certified trophy tower positioned to command premium rents in Manhattan's strongest submarket.
Macro Office Headwinds
NYC office market remains structurally challenged with elevated vacancy rates and flight-to-quality dynamics that could pressure submarket fundamentals despite Hudson Yards' resilience.
Expansion Plan Dependency
Deal strength is anchored to Jump Trading's stated intent to double NYC headcount, which is subject to market conditions and could face revision if prop trading profitability deteriorates.
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Disclose Lease Terms & Escalations
Publishing the specific rental rate, lease length, renewal options, and annual escalation schedule would validate the $85/SF basis and provide clarity on long-term value stability.
Quantify Jump Trading's Expansion Commitment
Securing details on headcount timelines, capital commitment levels, and any renewal/expansion guarantees would reduce execution risk and confirm tenant conviction.
Benchmark Submarket Lease Activity
Comparing this deal's pricing and occupancy metrics against recent Hudson Yards and Midtown West comps would contextualize market positioning and identify arbitrage opportunities.
Raw Deal Textclick to expand
Submit Growing Financial Partnerships For Over 30 Years. Get Started Deals New York Office Lease 50 Hudson Yards Daily limit: 10/10 Jump Trading Signs Lease For 99,305 Square Feet At 50 Hudson Yards Manhattan LEASED 99,305 SF Leased 3 weeks ago the deal details comps related Summary NEW YORK Asset Type: Price Per Square Foot: $0 Total Square Footage: Transaction Type: The property asset involved in this transaction is an office space located at 50 Hudson Yards in Manhattan, offering a total area of 99,305 square feet. It is associated with Related Companies, represented by Jeff T. Blau. Summary of transation details: Property Type: Office Transaction Amount: N/A Square Footage: 99,305 Address: 50 Hudson Yards Market: Manhattan Landlord: Jeff T. Blau - Related Companies Tenant: Jump Trading The transaction marks the signing of a lease by Jump Trading, establishing its new office in Manhattan and indicating plans to expand its local presence by doubling its headcount in New York. Details Deal Summary IMAGE: Jeff T. Blau & Stephen Ross DATE: 05/01/2026 ADDRESS: 50 Hudson Yards MARKET: Manhattan ASSET TYPE: Office ~ SF: 99,305 LANDLORD: Jeff T. Blau - Related Companies (@RelatedCos) TENANT: Jump Trading NOTE: Jump Trading has signed a 99,305-square-foot lease at Related’s 50 Hudson Yards, marking its new Manhattan office and expanding its New York footprint as it doubles local headcount Email New York | @tradedny Comps 10 These are similar deals based on proximity and similarity to the subject deal. 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Deal Type SALE LOAN LEASE Property Size (sq ft) Rent per Square Foot (Annual) Lease Term (Years) Annual Escalation (%) Lease Type NNN (Triple Net) Free Rent Period (Months) Reset Effective Rent (Annual) $5,692,102.68 Total Lease Value $56,921,026.75 Net Landlord Cash Flow Is there something missing? Send suggestions We are telling CRE's story Traded is the #1 source for cutting edge CRE transactions & insights. 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