Lease Beat

ComiXology Expands in Gotham City With Lightning Speed

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ComiXology seems to be growing with the speed of The Flash as it expands its footprint across Gotham City with another space upgrade and relocation to 512 Seventh Avenue.

The 7-year lease for the 21,945-square-foot office, between 37th and 38th Streets, is the third lease the company has signed in the city – since it was founded in 2007 – as it accommodates for continued growth.

“They are growing very rapidly and have a terrific app that is really just controlling the market,” said Michael Okun, a senior managing director at Coldwell Banker Commercial Alliance, who represented the tenant in all three leases, noting that asking rents at the new space were in the mid-$40s per square foot prior to negotiations. Read More