Two Floor Sublease in Midtown South – 38,652 RSF

May 14, 2019

Scott Ansel

Market Expert

Associate, Savills Studley

New York State Licensed Real Estate Salesperson

Call 212-326-8607

A new two floor sublease just hit the market at 114-116 Fifth Avenue in Midtown South Manhattan. One of NYC’s most coveted neighborhoods for the tech, advertising, media and creative industries, this is a unique sublease opportunity from Univision. The 19 story building is owned by L&L Holdings and Columbia Property Trust and is fully leased on a direct basis. AKQA, Capital One Labs and Mashable are some of the current tenants of the building, each with just under 40,000 square feet.

Just last week Univision put the entire 2nd and 3rd floors on the market for sublease. Each measuring 19,326 rentable square feet, they are available for occupancy on an immediate basis. The floors feature a massive internal staircase that doubles as presentation seating. The floors are built with mixtures of breakout rooms, conference rooms, large open pantry and open bullpen space. All of the existing furniture and infrastructure can be made available for an incoming subtenant. The term extends through March 14th of 2025 with a potential extension through December 30th of 2030.

For more information on this space please click here. Feel free to try our free office space search here!

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