Centric Brands downsizes at the Empire State Building

Centric Brands is downsizing at the Empire State Building. The company, which previously occupied 300,000 square feet on three floors, signed a lease for 212,000 square feet, Commercial Observer reported. The company inked a 10-year lease directly with the Empire State Realty Trust, in lieu of its previous sublease agreement from Global Brands Group. The asking rent per square foot was in the low to mid $70s. “As part of Centric Brands’ reorganization, they considered

source https://therealdeal.com/2020/10/16/centric-brands-downsizes-at-the-empire-state-building/