{"id":109591,"date":"2026-01-23T10:55:15","date_gmt":"2026-01-23T10:55:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/109591\/"},"modified":"2026-01-23T10:55:15","modified_gmt":"2026-01-23T10:55:15","slug":"paramount-takes-70k-sf-at-sunset-pier-94-studios-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/109591\/","title":{"rendered":"Paramount Takes 70K SF at Sunset Pier 94 Studios \u2013 Commercial Observer"},"content":{"rendered":"

Hollywood is losing much<\/a> of the TV and movie production that once defined it to other locales, and New York is working hard to welcome that work.<\/p>\n

Sunset Pier 94 Studios \u2014 Manhattan\u2019s only purpose-built film studio, with 232,000 square feet of leasable space including six soundstages, production support space and offices \u2014 signed its first tenant ahead of its opening this week.<\/p>\n

SEE ALSO: Jordan Rathlev of Related Ross: 5 Questions<\/a><\/p>\n

Paramount Television Studios<\/a> signed a lease for 70,000 square feet, which will be used to film season two of the Showtime<\/a> series \u201cDexter: Resurrection\u201d for the Paramount+ streaming service, according to an announcement<\/a> from the joint venture partners behind the space: Vornado Realty Trust<\/a>, Hudson Pacific Properties<\/a> and Blackstone Real Estate<\/a>.<\/p>\n

The JV used numerous state incentives intended to attract more production work to New York, working closely with the New York City Economic Development Corporation throughout the setup process. One such program, known as Production+<\/a>, offers financial incentives designed to encourage studios to produce two or more projects and spend at least $100 million in New York state.<\/p>\n

\u201cGov. Hochul\u2019s expansion of the film production tax credit and initiatives like Production+ are incentivizing companies like Paramount Television Studios \u2014 which has filmed in New York for decades \u2014 to continue investing in our state,\u201d Hope Knight, president, CEO and commissioner of Empire State Development, said in the announcement. \u201cWe look forward to welcoming more projects to Sunset Pier 94\u2019s stages as this world-class facility opens its doors.\u201d<\/p>\n

The asking rent and the length of the lease were unavailable, and it was unclear who brokered the deal for both parties. The average asking rent for industrial space in Manhattan for the fourth quarter of 2025 was $32.17 per square foot, according to a report from JLL<\/a>.<\/p>\n

Vornado, Hudson Pacific and Blackstone did not immediately respond to requests for comment, and Paramount could not be reached for comment.<\/p>\n

Larry Getlen can be reached at lgetlen@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Hollywood is losing much of the TV and movie production that once defined it to other locales, and…\n","protected":false},"author":2,"featured_media":109592,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[29841,49228,2361,75,84,83,9,24,9354,63,3005,49229],"class_list":["post-109591","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-empire-state-development","tag-hope-knight","tag-leases","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-new-york-city-economic-development-corporation-nycedc","tag-nyc","tag-paramount","tag-sunset-pier-94-studios-channel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/109591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=109591"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/109591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/109592"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=109591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=109591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=109591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}