An Urban High-Tech Campus in the Heart of Manhattan
The Empire State Building is arguably the most recognizable architectural structure in the World. Built in 1931, the building has towered over the New York City skyline for over 7 decades. Soaring an astounding 102 stories over Manhattan, it has unparalleled views of Downtown, Uptown, New Jersey, Queens, Brooklyn, Long Island and beyond. Though the views in this acclaimed building are (and always have been) unrivaled, for many years it had difficulties attracting large corporate users. These leasing troubles dated back to when the building opened (during The Great Depression), which made it nearly impossible to lure large tenants to occupy the massive floors. Accordingly, for decades the building was known for accommodating very small tenants at inexpensive rents. This reputation often attracted “schlocky” users that wanted to be near major transportation. However, over the past several years, the World’s Most Famous Office Building has enticed some of the most notable tech, media, creative and fashion companies in the universe while becoming one of the premier addresses for office space in New York City.
Tony Malkin, the Chairman, President and CEO of Empire State Realty Trust, is the owner of this celebrated office building and a true visionary. He spent years and years allowing smaller office leases to expire in an effort to create full floor availabilities. At the same time, he executed a $550 million capital improvement plan, which is about to be completed this year. These upgrades included a LEED Certification, destination dispatch elevators, new windows, a tenant amenity floor with conference center, 15,000 square foot tenant-only fitness facility, amongst many other perks. His most important vision was the creation of “The Urban Campus” which tech, media, advertising, information and fashion companies (often referred to as TAMI tenants), have been enamored with. His patience has been paying off big-time, as he recently attracted Shutterstock (link to photos their new digs here), Coty, LinkedIn, Li & Fung, and Brightroll to the building.
Though the building has been having success attracting larger corporate users, they also have a “pre-built” program catering to smaller TAMI start-ups and boutique companies. Accordingly, the 2.8 million square foot building can offer tenants spaces in just about any size range. Click here to contact us for the asking rent or here for our free and instant office space search.
The Empire State Building – A High-Tech Urban Campus