Everything You Need to Know About 1345 Avenue of the Americas, NY, NY
1345 Avenue of the Americas, also known as the AXA Equitable Center, is a prominent skyscraper located in Midtown Manhattan, New York City. Standing tall at 937 feet, this 54-story building is an architectural marvel with a rich history and a prime location.
Location and Accessibility
Situated in the heart of Midtown Manhattan, 1345 Avenue of the Americas is strategically positioned near iconic landmarks, transportation hubs, and vibrant neighborhoods.
-
Address: 1345 Avenue of the Americas, New York, NY 10105
-
Neighborhoods: Times Square, Hell's Kitchen, Hudson Yards
-
Subway Lines: A, C, E, 1, 2, 3, N, Q, R, W
-
Bus Routes: M31, M50, M55, M110, M116
History and Architecture
Construction of 1345 Avenue of the Americas began in 1972 and was completed in 1974. Designed by renowned architect Nathan Jacobson, the building features a distinctive cruciform shape that maximizes natural light and offers panoramic views of the city. The exterior is clad in granite and reflective glass, giving it a sleek and modern appearance.
Ownership and Management
The building is currently owned by AXA Equitable and managed by U.S. Equities Realty. It offers a total of 2.1 million square feet of office space, with an average floor plate size of 40,000 square feet.
Tenants
1345 Avenue of the Americas is home to a diverse array of tenants, including:
-
Financial institutions: Goldman Sachs, Bank of America, Citigroup
-
Law firms: Latham & Watkins, Sullivan & Cromwell, Wachtell, Lipton, Rosen & Katz
-
Consulting firms: Deloitte, Ernst & Young
-
Tech companies: Google, Facebook, Amazon
Building Amenities
1345 Avenue of the Americas offers a comprehensive range of amenities to enhance the tenant experience:
- On-site fitness center
-
Rooftop terrace with panoramic views
-
Convenience retail and dining options
-
24/7 security and access
- Efficient elevator system
- Advanced telecommunications infrastructure
LEED Certification
The building has achieved LEED Silver certification from the U.S. Green Building Council, demonstrating its commitment to sustainability and environmental responsibility.
Market Analysis
Based on data from CBRE, the average asking rent at 1345 Avenue of the Americas is currently $85 per square foot. The building benefits from strong market demand and low vacancy rates.
| Year |
Average Asking Rent ($/SF) |
Vacancy Rate |
| 2019 |
$80 |
8.5% |
| 2020 |
$75 |
10.2% |
| 2021 |
$82 |
7.6% |
| 2022 |
$85 |
6.2% |
Effective Strategies for Leasing
- Highlight the building's prime location and amenities.
- Emphasize the strong market demand and low vacancy rates.
- Offer flexible lease terms and incentives to attract tenants.
- Showcase the building's sustainability features and LEED certification.
- Leverage the building's reputation and presence among Fortune 500 companies.
Pros and Cons of Leasing at 1345 Avenue of the Americas
Pros:
-
Prestige and reputation: The building is a landmark property known for its architectural excellence and high-profile tenants.
-
Prime location: Situated in the heart of Midtown Manhattan, it offers unparalleled access to transportation, amenities, and attractions.
-
Amenities: The building provides a wide range of amenities to enhance the tenant experience.
-
Strong market demand: The building benefits from high occupancy rates and strong market demand.
-
Sustainability: LEED Silver certification demonstrates the building's commitment to environmental responsibility.
Cons:
-
High rents: Rental rates are higher than in comparable buildings in Midtown Manhattan.
-
Limited natural light: The cruciform shape of the building can limit the amount of natural light in some office spaces.
-
Traffic congestion: The surrounding area experiences heavy traffic congestion during peak hours.
-
Competition from nearby properties: Several other high-quality office buildings are located nearby, increasing competition for tenants.
Call to Action
If you are seeking premium office space in the heart of Midtown Manhattan, 1345 Avenue of the Americas is an exceptional choice. With its prestigious address, unparalleled location, and comprehensive amenities, this landmark building offers a transformative workplace experience. Contact us today to schedule a tour and explore the benefits of leasing at 1345 Avenue of the Americas.
Additional Resources
