NEW YORK CITY-Harlem might seem like the most unlikely of office locations, but the Taystee Building, a new tower being built in the area, promises to include some sweeteners that could lure companies and non-profit organizations uptown. In this UPDATE to an earlier story, an executive with exclusive leasing agent Cushman & Wakefield discusses the tower's virtues.
Once the site of the Taystee Bakery, the Taystee Building is being converted to a 300,000-square-foot office tower that will be completed next year. Some unique elements to the building's location, as well as its design, provide a compelling value proposition, C&W senior managing director Jonathan Fales tells GlobeSt.com.
Being in Harlem, "The Taystee Building will trade at a discount to office space in Midtown," he notes. "Asking rents will be in the high $40s to low $50s range. Also, there hasn't been a building built in the area that isn't owner-occupied, and this will be Harlem's first-ever LEED-certified class A office building. It's a unique opportunity."
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
