EmblemHealth sublets 57K sf in FiDi
EmblemHealth signed a large, long-term lease prior to the pandemic to stay at 55 Water Street. It’s offloading part of that space to a subtenant. Transportation technology firm Verra Mobility is subleasing 57,000 square feet at the Financial District building, the Commercial Observer reported. The 10-year deal gives the company a new Northeast headquarters, which was temporarily located on Broad Street. Asking rent for the second-floor space at the property — owned by the Retirement Systems of Alabama — was not disclosed. The average asking rent in Lower Manhattan during the third quarter was $57.95 per square foot, according to […]
This article originally appeared on The Real Deal. Click here to read the full story.
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