Real Estate Discussion
MIDTOWN COMPS
Free Rent
Work Allowance Lease Type
Date Building
Tenant
Floors
RSF
Term
Base Rent
Q4 19 590 Madison Avenue
P28
13,934
11 Yrs
$112.00 x 6 Yrs $122.00 x 5 Yrs
15 Mos
$135.00
Relocated before lease expiration to accommodate
American Securities transaction. Relocation/ New Lease Relocation/ New Lease Relocation/ New Lease
Q4 19 299 Park Avenue
E7
28,320
10 Yrs
$83.00 x 5 Yrs $90.00 x 5 Yrs $90.00 x 6 Yrs $95.00 x 5 Yrs $132.00 x 6 Yrs $142.00 x 5 Yrs $152.00 x 5 Yrs $94.00 x 5 Yrs $103.00 x 5 Yrs $112.00 x 5 Yrs $121.00 x 5 Yrs $83.00 x 5 Yrs $87.00 x 5 Yrs $79.00 x 5 Yrs $84.00 x 5 Yrs $89.00 x 5 Yrs $94.00 x 5 Yrs $99.00 x 2 Yrs $87.00 x 6 Yrs $94.00 x 5 Yrs $101.00 x 5 Yrs
12 Mos
$100.00
Q4 19 11 Times Square
E36
29,089
11 Yrs
12 Mos
$125.00
Q4 19 65 East 55th Street
E30
15,356
16 Yrs
12 Mos
$160.00
Q4 19 2 Manhattan West
E25-E37
481,921
20 Yrs
16 Mos
$100.00
New Lease
Q4 19 50 Rockefeller Plaza
E5-9
125,097 10 Yrs
13 Mos
$107.00
New Lease
Q4 19 599 Lexington Avenue
GRND, E2- E7, P8, E9- E12
338,000 22 Yrs
Renewal
Q4 19 1251 Avenue of the Americas
P35, E37- E38
99,615
16 Yrs
14 Mos
$117.00
New Lease
2
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