Warner Bros. Discovery has announced a new sublease deal at 30 Hudson Yards, with law firm Covington & Burling securing 235,479 square feet of space for the next 20 years. This expansion from their current office at 620 Eighth Avenue is part of Warner’s efforts to sublease more of its space.
The agreement includes a transition period where Covington will sublease directly from Warner before taking over the lease in full when it expires in 2034. The asking rent for this prime location is $112 per square foot.
Represented by CBRE and Savills respectively, both parties have reached an agreement following another recent deal where trading firm Susquehanna International Group took over an additional portion of Warner’s space totaling to about 73,735 square feet.
In addition to this latest development, it should be noted that back in2014,W arner Bros.Discovery had purchased the office condo from Related but later sold it back to them and Allianz in2019.A T&T also recently sold off its ownership stakein W arnerMedia which ledto approximately450 ,000squarefeet being made available forsubleasingat30HudsonYards.This news was originally reported on Connect CRE.
