Bloomberg inks lease at SL Green’s 919 Third Avenue

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

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.

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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