It’s anecdotal, of course, with respect to whether the tower’s energy-efficient renovations had anything to do with it, but a hedge fund’s recent 5-year, 12,000-square-foot lease on the 24th floor of 1095 Sixth Avenue could bode well for improving commercial real estate conditions across New York City – whether green or not.
Tag Archives | Bank of America Tower
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?
HSBC appears to be on the move from Midtown to 10 floors and 300,000 square feet at 7 World Trade Center in lower Manhattan: New York City’s first LEED Gold skyscraper.
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.