New Sublease Perfect for Tech Companies – 12,630 RSF

March 8, 2019

Scott Ansel

Market Expert

Associate, Savills Studley

New York State Licensed Real Estate Salesperson

Call 212-326-8607

1411 Broadway is a 40-story office tower owned by Ivanhoe Cambridge . It recently underwent a $60 million capital improvement program, which included a replacement of all 4,700 windows of the building, a brand new lobby, a redesigned 15,000 square foot public plaza and updated mechanical systems. The goal of this renovation was to attract the TAMI (technology, advertising, media and information) and financial services industries and move away from its garment center roots. The asset is home to companies like Third Bridge, Roc Nation, Screenvision Media and many others. Just this week, a new sublease perfect for tech companies hit the market from 451 Research.

The partial 32nd floor measures 12,630 rentable square feet, which is about half the floor. The space was recently constructed with 4 offices, 4 conference rooms, 3 phone booths, and open seating for up to 56 employees. The finishes are high-end and include full glass fronts and a mixture of stone, wood and carpeted floors and exposed ceilings. Available immediately for possession, the sublease term runs through October of 2024. The former home of 451 Research is a great value opportunity (with a below market asking rent) for any technology or media firm looking for a furnished plug and play sublease opportunity.

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

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