A fledgling hedge fund has found its new home at 510 Madison Avenue: Boston Properties’ 350,000-square-foot, 30-story boutique trophy office tower in the heart of Midtown’s Plaza District.
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Are the dizzying asking rents at Bank of America Tower a function of its LEED Platinum label or being driven by more fundamental real estate concepts – like the tower’s Class A status and location?
With its glass curtain wall already garnering accolades, 510 Madison Avenue has secured a retail tenant for 3300 square feet of space at its East 53rd Street corner.
Let’s check in on some recent leasing activity at two of Manhattan’s highest profile new commercial office buildings, both of which are pursuing LEED ratings and commanding Class A rents.
Some important Manhattan green office buildings have major blocks of available commercial office space according to a recent compilation prepared by Crain’s New York Business.