NEW YORK CITY-Random House is searching for tenants to sublease the vacant space in its 1745 Broadway tower. The tower is 30% empty, which equals roughly 250,000 square feet.

Random House owns and rents the tower since 2003 via a long-term lease. The asking rent for the office space is $55 per square foot, which is the current rate at the neighborhood. For the full story, go to New York Observer.


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.