Workday Switching to Empire State Building
Terence Cullen April 9, 2015, 2:27 p.m.
Workday has signed a deal for space at the Empire State Building that’s triple the size of its current office at 1 Grand Central Place, The New York Post reported.
The app builder is taking 21,401 square feet on the 49th floor of the iconic skyscraper at 350 Fifth Avenue between West 33rd and West 34th Streets, according to the Post, and will move there this fall. It currently leases 7,000 square feet at 1 Grand Central Place between Madison and Park Avenues. Both buildings are owned by Empire State Realty Trust.
Ryan Kass and Fred Posniak represented Empire State Realty Trust in-house, along with William Cohen, Jonathan Tootell and Shanae Ursini of Newmark Grubb Knight Frank. Robert Lowe and David Berke of Cushman & Wakefield represented Workday.
An NGKF spokeswoman did not return requests for comment, nor did a C&W spokesman. Asking rents for pre-built spaces on the 48th floor of the building are about $65 per square foot, according to the Post.
Starbucks in March signed a lease for 1,173 square feet on the West 33rd Street entrance of the Empire State Building, Commercial Observer reported at the time. It became the second location for the coffee giant in the Art Deco tower. Starbucks would also begin phasing in a delivery system to customers in the building through the new location.