One New York Plaza Floor Filled
Shortly after an architecture firm had signed its lease for 26,354 square feet on a portion of the 42nd floor, the rest of the floor was taken by an insurance regulation association. The association has signed a lease for 19,218 square feet and a thirteen years term, two years less than the architecture firm. The starting rent for both firms is in the low-$40s, with about a $1 difference, with a slight difference in the amount of free rent as well. The effective rent for both companies is in the mid to high-$30s, similar to other leases in the building.