Health Platform Tennr Takes 125K SF at Hudson Square Properties’ 345 Hudson Street

Why It Matters

The transaction signals strong demand for premium office space among health‑tech firms, reinforcing Hudson Square’s emergence as a tech‑centric office hub and indicating confidence in in‑person collaboration despite broader remote‑work trends.

Key Takeaways

• Tennr secured 124,733 sq ft at 345 Hudson Street.
• Lease size ranks among April’s largest Manhattan office deals.
• Average Lower Manhattan rent is $62.21 per square foot.
• Building also houses PayPal, Audacy, and Fanatics.
• Hudson Square joint venture includes Hines, Trinity Church, Norges Bank.

Pulse Analysis

Tennr, a fast‑growing health‑care technology platform that automates patient intake for referral‑based networks, announced a 124,733‑square‑foot lease at 345 Hudson Street in Manhattan’s Hudson Square district. The move marks a shift from its previous Chelsea address at 275 Seventh Avenue, suggesting the company is scaling its operations and seeking a more centralized, collaborative environment. While the lease term and exact rent remain undisclosed, the space is priced near the Lower Manhattan average of $62.21 per square foot, underscoring Tennr’s willingness to invest in premium real‑estate despite broader remote‑work trends.

The 345 Hudson Street tower, originally built in 1931 and renovated in 2023, is owned by a joint venture of Hines, Trinity Church Wall Street and Norges Bank Investment Management. Its tenant roster now reads like a micro‑cosm of the digital economy, featuring PayPal, Audacy New York, and Fanatics alongside Tennr. The concentration of fintech, media and health‑tech firms signals Hudson Square’s evolution from a historic warehouse district into a high‑density innovation corridor, attracting capital‑backed companies that value proximity to New York’s talent pool and transportation hubs.

Tennr’s lease joins a handful of sizable April transactions, most notably Cleary Gottlieb’s 475,000‑square‑foot commitment at One Liberty Plaza. Such activity suggests that prime Manhattan office inventory remains resilient, even as overall vacancy rates hover above 15 percent citywide. For investors, the deal validates the premium placed on buildings with modern infrastructure and a curated tenant mix. For health‑tech firms, it reinforces the notion that physical space can still play a strategic role in fostering interdisciplinary collaboration, data security, and client‑facing services.