The Real Deal New York

Bloomberg inks lease at SL Green’s 919 Third Avenue

Latest company to take advantage of corridor’s relatively inexpensive rates

February 25, 2015 03:40PM

Michael Bloomberg and 919 Third Avenue in Midtown

Michael Bloomberg and 919 Third Avenue in Midtown

Bloomberg LP is expanding into 919 Third Avenue, where it inked a lease for 150,000 square feet of office space.

The 47-story building, owned by SL Green, is nearby its corporate headquarters at 731 Lexington Avenue and expansion space that it took several years ago at 120 Park Avenue.

The financial media and reporting company is just the latest in a string of moves to Third Avenue, where rents are relatively low. Bloomberg’s rents will be in the mid $50s per square foot, Crain’s reported, a bargain compared to other midtown neighborhoods where rents reach the mid $80s.

Test preparation company Kaplan recently signed on to take 80,000 square feet at 750 Third Avenue. [Crain’s] — Tess Hofmann 

 

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