Wave Sports & Entertainment, a Santa Monica-based digital media company, has leased 8,320 square feet on the entire 11th floor of 145 West 30th Street in Midtown Manhattan. The Feil Organization, the building's landlord, secured the long-term deal at $48 per square foot asking rent.
The lease represents solid activity for Feil at this Chelsea location. Wave Sports & Entertainment occupies premium office space in a well-positioned Midtown building, signaling continued demand for media and tech office clusters in Manhattan's core.
For the company, the full-floor lease provides dedicated space to house its digital media operations in New York. The $48/sf asking rent aligns with mid-range Midtown pricing, competitive for the neighborhood and asset class. Wave Sports & Entertainment gains direct access to talent pools and media industry networks concentrated in this corridor.
For Feil Organization, the long-term commitment fills a significant portion of 145 West 30th Street's available inventory. Full-floor leases reduce vacancy risk and provide predictable rental income. The deal reflects landlord confidence in tenant creditworthiness and market stability.
The transaction underscores persistent appetite for office space among digital media and entertainment firms anchored to New York's content creation ecosystem. While office markets face headwinds from remote work policies, specialized sectors like digital media continue absorbing space in Manhattan. Asking rents at $48/sf remain accessible for growing companies seeking premium locations without stretched budgets.
The 11th-floor placement gives Wave Sports & Entertainment visibility and operational efficiency typical of full-floor takeovers. No construction or buildout details emerged, though modern office towers like this building typically offer flexible interiors appealing to media tenants.