Business Insider, master of the slideshow, has signed a 20,646-square-foot sublease of the entire eighth floor at 150 Fifth Avenue, The Commercial Observer has learned.
The subtenant will pay rent in the low-$50s per square foot in a deal expiring in early 2018, according to data from CompStak.
If you’re a real estate broker, you might want to shift your attention from bonus-scrimping Wall Streeters to ramen-eating techies. We’ve known for a while that tech companies are sprouting up at an alarming rate. While some of them go bust, many of them raise funding, hire workers, and therefore need offices. Even if that Bowery apartment seems comfortable now, a fast-scaling web company will need its own digs before long.