According to Kastle Systems' Back-to-Work Barometer, Manhattan It seems counterintuitive, as the physical office occupancy rate of the company continues to fluctuate around 41%. Many companies show no signs of cutting back on space.
One of this year's biggest rebuttals to the "work from home" panic, public relations consulting giant Edelman, said Jack Resnick & Sons' 173,618 square feet at 250 Hudson St is his Just renewed for 15 years. The company has been there for his 13 years— "He's one of the best decisions we've made," said CEO Richard Edelman.
This update is all the more impressive given that media and marketing companies such as Edelman are believed to be more focused on working from home than financial services companies.
A former printing house built in 1932, in 2009 he converted it into a Class A office property for $40 million.
Resnick was a pioneer in transforming his square district of Hudson, a printing and manufacturing center, into a modern office district. Resnick recently redeveloped 315 Hudson St., which is now primarily leased to his Google.
CBRE's Mary Ann Tighe, Ken Meyerson, Todd Lippman and Adele Huang represented his Edelman in renewing the lease. Adam Rappaport and Brett Greenberg handled his Resnick in-house.
