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High interest rates have caused challenges.
The asset was valued at over $1.8 billion in January.
Much of the growth was driven by Hurricane Helene refugees last year.
The building is 95 percent leased to other major tenants like Capital One and UBS.
Rents rose 2.6 percent quarter-over-quarter and 7.3 percent year-over-year.
Understanding data today in CRE is critical.
Legal advisor Lisa Colon said that larger developments will face the biggest impacts.
Bryant Park draws 12 million visitors each year.
Rents and absorption have plunged but construction is starting to slowdown.
The deal extends Amazon's lease at the building to 472,000 square feet.