One of Times Square’s most recognizable tenants, MTV, may soon be vacating the neighborhood. Its parent company, Viacom, has chosen not to renew its lease at 1515 Broadway between 44th and 45th streets. The music entertainment juggernaut moved into its glass-paneled digs back in 1997, when crime was high and rent was low, for around $40 per square foot. The Post estimated that rent in that neighborhood could now be more than 10 times what it was then. The space’s property manager, SL Green, has already begun marketing the spot.
MTV slated to vacate Times Square home
MTV Leaves 1515 Broadway (Photo source: PropertyShark.com)