Real Estate Discussion

MIDTOWN COMPS

Free Rent

Work Allowance Lease Type

Date Building

Tenant

Floors

RSF

Term

Base Rent

Q4 19 399 Park Avenue

E20-E21

48,860

16 Yrs

$102.00 x 5 Yrs $112.00 x 5 Yrs $122.00 x 5 Yrs $72.00 x 5 Yrs $77.00 x 5 Yrs $82.00 x 5 Yrs $118.00 x 5 Yrs $128.00 x 5 Yrs

15 Mos

$120.00

New Lease

Q3 19 1675 Broadway

E31-34, P35 86,102

15 Yrs

12 Mos

$100.00

New Lease

Q3 19 1114 Avenue of the Americas

E26-E27

58,978 10 Yrs

11 Mos

$95.00

Extension/ Expansion

Q3 19 767 Fifth Avenue

E17, P21

55,000 5 Yrs

$117.50 x 5 Yrs

4 Mos

$45.00

Renewal

Q3 19 1211 Avenue of the Americas

E26

41,385

3 Yrs, 8 Mos

$66.00 x 3 Yrs, 8 Mos $86.00 x 5 Yrs $93.00 x 5 Yrs $100.00 x 5 Yrs

3 Mos

$15.00

Sublease

Q3 19 299 Park Avenue

E18-E19

58,244 15 Yrs

11 Mos

$47.50

Renewal

Q3 19 1185 Avenue of the Americas Q3 19 220 East 42nd Street

E30-P31

44,689 5 Yrs

$55.00 x 5 Yrs

8 Mos

$25.00

Sublease

P1, P4, E10 84,000 15 Yrs

$63.00 x 5 Yrs $68.00 x 5 Yrs $73.00 x 5 Yrs $89,50 x 5 Yrs $96.50 x 5 Yrs $103.50 x 5 Yrs

9 Mos

$65.00

Renewal

Q2 19 1345 Avenue of the Americas

E29

42,250

15 Yrs

24 Mos

$115.00

Expansion

3