Workday, Inc. Signs 39k Square Foot Renewal and Expansion Lease at the Empire State Building
Empire State Realty Trust (NYSE: ESRT) has announced that Workday, Inc. has signed a renewal and expansion lease at the Empire State Building. The finance and HR technology company will add 12,338 square feet to their existing space, bringing their total occupancy to 39,069 square feet.
This marks Workday's third expansion with ESRT since their initial lease at One Grand Central Place in 2015. The Empire State Building offers modern office spaces with premium amenities, including 65,000 square feet of facilities such as eight dining options, a tenant-only fitness center, conference center, and the Empire Lounge featuring a 400-person all-hands space, basketball/pickleball court, and golf simulators.
Empire State Realty Trust (NYSE: ESRT) ha annunciato che Workday, Inc. ha firmato un rinnovo e ampliamento del contratto di locazione all'Empire State Building. L'azienda specializzata in tecnologia finanziaria e HR aggiungerà 12.338 piedi quadrati al proprio spazio esistente, portando la superficie totale occupata a 39.069 piedi quadrati.
Questa è la terza espansione di Workday con ESRT dalla loro prima locazione a One Grand Central Place nel 2015. L'Empire State Building offre uffici moderni con servizi di alta qualità, inclusi 65.000 piedi quadrati di strutture come otto opzioni di ristorazione, una palestra riservata agli inquilini, un centro conferenze e l'Empire Lounge che dispone di uno spazio per riunioni generali da 400 persone, un campo da basket/pickleball e simulatori di golf.
Empire State Realty Trust (NYSE: ESRT) ha anunciado que Workday, Inc. ha firmado una renovación y expansión del contrato de arrendamiento en el Empire State Building. La empresa de tecnología financiera y de recursos humanos añadirá 12,338 pies cuadrados a su espacio actual, alcanzando un total de 39,069 pies cuadrados ocupados.
Esta es la tercera expansión de Workday con ESRT desde su arrendamiento inicial en One Grand Central Place en 2015. El Empire State Building ofrece oficinas modernas con servicios premium, incluyendo 65,000 pies cuadrados de instalaciones como ocho opciones gastronómicas, un gimnasio exclusivo para inquilinos, centro de conferencias y el Empire Lounge, que cuenta con un espacio para reuniones generales de 400 personas, cancha de baloncesto/pickleball y simuladores de golf.
Empire State Realty Trust (NYSE: ESRT)는 Workday, Inc.가 엠파이어 스테이트 빌딩에서 임대 계약 갱신 및 확장에 서명했다고 발표했습니다. 금융 및 인사 기술 회사인 Workday는 기존 공간에 12,338평방피트를 추가하여 총 점유 공간을 39,069평방피트로 늘릴 예정입니다.
이번 계약은 2015년 One Grand Central Place에서 처음 임대한 이후 Workday가 ESRT와 함께한 세 번째 확장입니다. 엠파이어 스테이트 빌딩은 여덟 개의 식사 옵션, 임차인 전용 피트니스 센터, 컨퍼런스 센터, 400명 수용 가능한 전사 미팅 공간, 농구/피클볼 코트, 골프 시뮬레이터가 있는 엠파이어 라운지 등 65,000평방피트 규모의 프리미엄 편의시설을 갖춘 현대적인 사무 공간을 제공합니다.
Empire State Realty Trust (NYSE : ESRT) a annoncé que Workday, Inc. a signé un renouvellement et une extension de bail à l'Empire State Building. L'entreprise spécialisée dans les technologies financières et RH ajoutera 12 338 pieds carrés à son espace actuel, portant sa surface totale occupée à 39 069 pieds carrés.
Il s'agit de la troisième expansion de Workday avec ESRT depuis leur bail initial à One Grand Central Place en 2015. L'Empire State Building propose des bureaux modernes avec des équipements haut de gamme, incluant 65 000 pieds carrés d'installations telles que huit options de restauration, une salle de sport réservée aux locataires, un centre de conférence et l'Empire Lounge, qui dispose d'un espace pour réunions générales de 400 personnes, d'un terrain de basket/pickleball et de simulateurs de golf.
Empire State Realty Trust (NYSE: ESRT) hat bekannt gegeben, dass Workday, Inc. einen Verlängerungs- und Erweiterungsvertrag für das Empire State Building unterzeichnet hat. Das Unternehmen für Finanz- und HR-Technologie wird 12.338 Quadratfuß zu seiner bestehenden Fläche hinzufügen, wodurch die Gesamtfläche auf 39.069 Quadratfuß anwächst.
Dies ist Workdays dritte Expansion mit ESRT seit dem ersten Mietvertrag am One Grand Central Place im Jahr 2015. Das Empire State Building bietet moderne Büroräume mit erstklassigen Annehmlichkeiten, darunter 65.000 Quadratfuß an Einrichtungen wie acht gastronomische Angebote, ein Fitnesscenter nur für Mieter, ein Konferenzzentrum und die Empire Lounge mit einem 400-Personen-All-Hands-Bereich, Basketball-/Pickleball-Platz und Golfsimulatoren.
- Successful tenant retention and expansion, showing strong property demand
- Additional rental income from 12,338 square feet expansion
- Third expansion by same tenant demonstrates property value and tenant satisfaction
- None.
Insights
Workday's expansion at Empire State Building signals tenant confidence in premium office space, providing ESRT recurring revenue amid challenging NYC market conditions.
Workday's lease renewal and 12,338 square foot expansion at the Empire State Building represents a notable win for Empire State Realty Trust (ESRT) in today's challenging office market. The total 39,069 square foot commitment from a high-caliber tech tenant demonstrates validation of ESRT's significant investments in building modernization and premium amenities.
This transaction is particularly meaningful in the context of New York City's office market struggles. The expansion marks Workday's third growth move with ESRT since 2015, demonstrating both tenant satisfaction and ESRT's successful tenant retention strategy. While financial terms aren't disclosed, securing and expanding a quality tenant like Workday provides stable, recurring revenue and strengthens occupancy metrics.
The Empire State Building's 65,000 square feet of amenities - including fitness facilities, conference spaces, dining options, and recreational areas - appears to be resonating with tenants seeking premium work environments. This transaction suggests that despite hybrid work trends, quality office spaces with robust amenities continue to attract growing companies.
For ESRT investors, this expansion validates the REIT's strategy of investing in property upgrades and tenant experience. While a single lease doesn't transform ESRT's overall financial position, the continued relationship with a growing technology company provides a positive signal about ESRT's competitive positioning in a challenging property sector.
The finance and HR technology company will now occupy an additional 12,338 square feet at the iconic building
Workday, Inc. Signs 39k Square Foot Renewal and Expansion Lease at the
"We are thrilled to continue to expand at the iconic
The
“The Empire State Building is a top choice for tenants that seek a convenient location, unmatched amenities, and a landlord that they can trust,” said Thomas P. Durels, executive vice president, real estate at ESRT. “We are pleased that Workday, Inc. will continue to benefit from the unmatched offering in their third expansion at the ‘World’s Most Famous Building.’”
Harry Blair, Rob Lowe, and Paige Engeldrum of Cushman & Wakefield represented Workday, Inc. in the lease negotiations. Jordan Berger, Shanae Ursini, and Kerry Lavelle of ESRT represented the property owner.
More information about the
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship
Source: Empire State Realty Trust, Inc.
Category: Leasing
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MEDIA:
Empire State Realty Trust
Jamie Steinberg
212-400-3339
jsteinberg@esrtreit.com
Source: Empire State Realty Trust, Inc.
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