HQ by WeWork Leases 45K SF Near Times Square by Commercial Observer

LISTEN

ARTICLE SUMMARY

Headquarters by WeWork has leased 45,000 square feet of space at 1410 Broadway in the Garment District. WeWork’s space at the 34-story building between West 38th and West 39th Streets spans three full floors across the eighth, ninth and 16th floors, and is scheduled to open this summer, according to information from a WeWork spokesman.

This will be the 35th location for WeWork’s single-tenant division, which subleases space to midsize businesses, in New York and San Francisco combined, since they launched this past summer. Charney, which has owned the 385,000-square-foot building for close to 30 years, recently completed a $20 million renovation at the building, including a new lobby, Doolittle told CO.

“The area is transitioning to technology companies,” he said. “The building has about 50 percent showroom tenants, and 50 percent technology tenants.” The term of the lease is 15 years, and asking rents at the building are in the low $60s, Doolittle said. Retail tenants in the building include outerwear company 32 Degrees and Pret-a-Manger.

DISCUSS

ORIGINAL ARTICLE

LISTEN

Play