Quote:
Originally Posted by fjtorres
[Edited]
One BPH, for example, houses their datacenter in the Flatiron building in the middle of Manhattan, an iconic and very very expen$ive building to rent space in. They use it as a wiring closet.
|
Actually, Mamillan signed a new 10 year lease during the recession paying $30/sq ft which is
cheap. They will be paying considerably more for space when they are forced to relocate assuming they stay in Manhattan.
The new owners (a European firm, I believe) of the Flatiron building submitted plans to the City to convert the building into a luxury hotel. The building is already zoned as a hotel and approved the proposal. They are waiting for Macmillan's lease to run out in 2018.
I compared office leasing rates in various cities. Detroit $18-20. Raleigh $20-25. Indianapolis $17-21. Dallas $20-35. Atlanta $23-30.
http://www.nytimes.com/2010/05/26/re...Alexiou&st=cse