One Vanderbilt sublease shoots for record $350 psf

A sublease listing at One Vanderbilt is testing how high Manhattan’s trophy office market can climb. The 9,900-square-foot space on the 73rd floor, perched directly below the tower’s Summit observatory, has hit the sublet market with an asking rent of 350 per square foot, sources said. If achieved, the deal would shatter pricing expectations not only for the building, but for subleases across the city, which typically trade at a discount to direct leases.