The fun train continues to zip through the city’s most expensive office buildings as landlords struggle to stem an alarming rise in vacancies, which are now more than 20% of the total.
The newspaper reported last week that landlords have introduced an unprecedented number and variety of amenities exclusively for tenants. This is a strong incentive to attract companies to their properties and encourage employees to abandon their work-from-home habits and return to the office.
Now we have news of more people.
Vornado’s redevelopment, Pen 2, includes a 300-seat “city hall” space that doubles as a “social staircase” overlooking West 33rd Street Plaza. Brookfield’s 22 Luxury Breakfast Room for Vanderbilt Employees. Former New York Post owner Peter Kalikow has 15 (and counting) golf simulators at 101 Park Avenue.
Demand for athletic facilities has increased tremendously recently. Last week, we told you that the playground in the basement of the Seagram Building includes basketball and pickleball courts, and even a rock climbing wall.
What’s next? Indoor ski resort?
Interestingly, many of the most elaborate and entertaining establishments are located in buildings that are not short of tenants.
For example, 101 Park Avenue is 97% leased to numerous financial tenants, and 1 World Trade Center, which includes a wellness and athletics center on the 64th floor, is more than 95% leased to companies such as Condé Nast.
