One Vanderbilt. Image courtesy of Raimund Koch.

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One Vanderbilt Commands Top Office Rent in New York City, Says The Real Deal

Already 95% leased, the tallest office tower in Midtown Manhattan broke the all-time record for rent per-square-foot at over $300.

An “ultra-high-end work space with commanding views of the city,” according to the publication, One Vanderbilt connects directly to the city’s transportation network, blending private enterprise and the public realm. The tenant GFL Environmental “signed a deal for all 9,871 available square feet on the building’s highest office floor right below its Summit observatory.” Located on the 73rd floor, the offices feature outdoor terrace space, floor-to-ceiling windows that spotlight their double height, and unobstructed views of the city’s landmarks. SL Green’s Steve Durels, commenting on the newly-minted deal, said, “The floor unquestionably is the single most spectacular floor given the combination of all the factors.”

In a recent interview with New York Business Journal, KPF President and Design Principal James von Klemperer highlighted One Vanderbilt’s success as part of an overall “flight-to-quality,” noting its “connection to Grand Central…the quality of the building, the air services, the views, the location and the tenant roster.” One Vanderbilt recently won CTBUH awards for Best Tall Building 400 meters and above and Best Tall Office Building.

Read The Real Deal’s coverage of the record-breaking lease here.