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Omnicom Signs 11-Year-Plus Lease

NEW YORK CITY-Omnicom Group is signing a new lease for 80,000 sf at 200 Varick St. for 11.5 years.

By Ryan Clark | Updated on June 18, 2008

NEW YORK CITY-Omnicom Group is leasing 80,475 sf of office space at 200 Varick St. in the downtown Hudson Square area. Despite housing other companies at the same address–Doremus, Merkley Partners and Eventis–Omnicom inked a new 11.5-year lease for the new space with expansion rights.

The building reps did not know which of the company’s brands would be moving into the new space. Asking rent for the 12-story building is $45 per sf and, although a representative of the property could not give exact amount of the lease, Omnicom’s lease is “pretty close” to that price, they say.

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