RXR is marketing a massive 325,000-square-foot contiguous block across floors three through seven at 1285 Avenue of the Americas in Midtown Manhattan. The offering represents an unusual opportunity in a market where large-scale, unbroken office space has become scarce.
The space sits in one of Manhattan's most established office corridors, positioned to attract major corporate tenants seeking consolidated footprints. The contiguous nature of the block eliminates the operational complexity of scattered floors and allows tenants to design unified layouts, implement cohesive security systems, and consolidate management functions.
For large occupiers like financial services firms, tech companies, or professional services practices, this scale simplifies operations. Tenants avoid the coordination headaches of managing multiple disconnected suites across a building. The flexibility inherent in a 325,000-square-foot opportunity means prospective users can scale layouts to exact specifications rather than compromise around existing partitions or floor plates.
The Midtown location carries strategic weight. Proximity to transit, client bases, and talent pools remains a pull factor despite post-pandemic office uncertainty. RXR's emphasis on "high-performance" space suggests the building meets modern tenant expectations around HVAC systems, data infrastructure, and sustainability standards.
For RXR, the packaging of this space addresses a legitimate market gap. Most office towers contain fragmented availability scattered across multiple floors and owners. A single owner controlling 325,000 contiguous square feet can negotiate from a position of strength with institutional-grade tenants seeking long-term stability.
The rental rate remains unspecified in the announcement, though Midtown Manhattan office space in well-maintained, transit-accessible buildings typically ranges from $45 to $80 per square foot annually depending on condition and lease terms. At those rates, annual rent would fall between $14.6 million and $26