Capco Leases 26,620 SF Office Space In Empire State Building For $87/SF

The Empire State Building in the Financial District has leased an entire floor comprising 26,620 square feet of office space to Capco, a London-based firm. The lease deal was signed for a 10-year term with an asking rent of $87 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: N/A
• Address: 77 Water Street
• Market: Financial District

The landlord of the Empire State Building, Shanae Ursini and Jordan Berger of Empire State Realty Trust, facilitated the lease agreement with Capco. The tenant, represented by Mike Ethelston, will relocate from its current office in the Financial District to the Empire State Building. The broker team from Newmark, including Jared Horowitz, Jason Perla, Scott Klau, and Neil Rubin, played a pivotal role in the transaction.