Morgan Stanley is looking around Manhattan for a possible new global headquarters and may be leaning toward the hot Hudson Yards district, as the amount of space the bank is asking brokers to seek out is constraining its options.
Reuters reports that the bank issued a request for proposal for 1.9 million square feet, said one source. The request's size essentially limits the company's choices to new construction and leaves few places outside of Hudson Yards capable of meeting the request.
The space requested equals the combined 1.335 million square feet that Morgan Stanley occupies in its current global headquarters at 1585 Broadway in Midtown and the 564,900 square feet at its investment management headquarters at 522 Fifth Avenue.
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