There is a lot of activity surrounding one of the priciest blocks of Manhattan office space currently on the market. According to a source, a lease is pending for multiple floors at 40 West 57th Street and there are “six or seven” very interested parties for other space.
“We have had a ton of good feedback,” CB Richard Ellis broker Zach Freeman told The Observer recently. “Right now we are seeing a lot of interest from law firms, financial services and hedge funds.”
The Observer reported in late May that a block of space totaling 184,000 square feet on floors 27 through 34 of the LeFrak-owned skyscraper had gone on the market. CBRE broker Howard Fiddle noted then that the minimum taking-rents for the lower floors would be $125 per square foot, and that floors 33 and 34 would go for a whopping $140 per square foot.
And it seems those prices have not changed.
“That is still holding, if not tending upward,” Mr. Freeman said.