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Soloviev Sets NYC Record for Commercial Lease Pricing at 9 West 57th
Soloviev Group said Wednesday it had secured a record-setting lease deal with a private international family office at its flagship tower, 9 West 57th Street in Midtown Manhattan. The tenant has signed a 10-year lease averaging $327.50 per rentable square foot, believeed to be the highest rent ever recorded in the New York City commercial marketplace. The group will occupy 5,063 square feet on the northwest corner of the 50th floor.
“The price speaks for itself,” said Stefan Soloviev, chairman of Soloviev Group. Before to this transaction, the city’s most expensive office lease was for $320 per square foot.
The CBRE team of Howard Fiddle, John P. Maher, Gregg Rothkin, Alex Leopold, and Tara Rhodes represented ownership. The family office will join a 9 West 57th Street tenant roster that includes Apollo Global Management, CHANEL, Loews Corporation, Qatar Investment Authority, Coatue, Veritas and Standard Industries, among others.
- ◦Lease
