9 West sets new record for Manhattan office rent
New York’s office market has a new high-water mark — the latest sign of the growing divide between struggling, outdated buildings and Manhattan’s high-demand towers. Stefan Soloviev’s Soloviev Group signed a lease at 9 West 57th Street at $327.50 per square foot. That surpasses the previous record of $320 per foot, establishing a new high bar as these high triple-figure deals become more common. “The price speaks for itself,” Soloviev said. The tenant is a private international family office, Soloviev said. The 10-year deal covers 5,063 square feet on the northwest corner of 9 West’s 50th floor, which offers the […]
This article originally appeared on The Real Deal. Click here to read the full story.
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