As the executives of companies in New York get younger, there has been an ongoing shift in where they live and work (mainly south and west) making Bryant Park one of the most desirable locations for office space. 1114 Avenue of the Americas, also known as the Grace Building, is one of the most iconic skyscrapers in the city and sits on the north side of Bryant Park. The 49 story 1.5 million square foot asset can be easily recognized by the famous concave vertical slope on its northern and southern facades. Just this week, a beautifully built, plug and play sublease hit the market on the 41st floor here.
Measuring 25,563 rentable square feet, this unit nearly encompasses the full floor, which measures 29,695 rentable square feet. It has light on 4 sides and breathtaking views on all sides. The sublease is being offered from consulting firm, AlixPartners and is available for occupancy on an immediate basis. It is constructed with extremely high-end finishes and has 22 perimeter offices (3 executive, 13 medium, 6 standard), 9 interior offices, 8-seat trading desk, 52 workstations, a boardroom and 3 conference rooms. All of the furniture and existing infrastructure can remain in place for an incoming subtenant. The term extends through December of 2023.