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Dailymotion Subleases in Flatiron District for U.S. HQ
Cushman & Wakefield has arranged a 3.5-year, 21,657-square-foot off-market sublease for Dailymotion at Two Tree Management’s 50 W. 23rd St. in the Flatiron District. The Vivendi-owned online video technology company will occupy the building’s entire 10th floor for its U.S. headquarters.
Cushman & Wakefield’s Douglas Regal and Evan Algier represented Dailymotion. Audio sharing service SoundCloud was the space’s assignor and was represented by Colliers.
“50 W. 23rd is a newly-renovated office building that has become a hub for the tech and digital media community in NYC,” said Regal. “This transaction unified Dailymotion’s U.S. headquarters, as it allowed all employees to consolidate on one floor. Prior to this sublease, the employees worked from two, unconnected floors.”
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