Top Green Office Leases in Manhattan by Square Footage: 2007

The CoStar Group’s list of the top 50 Manhattan office leases that were finalized in 2007 appears in this week’s issue of Crain’s New York Business (though it isn’t available online). By our count, 9 of these 50 leases were inked for space in green office buildings. Importantly, 3 out of the top 10 leases (ranking 6 through 8, consecutively) were green. We’ve written about a number of these buildings before, and present each lease below along with links to pertinent posts at gbNYC. We also set forth the tower’s certification status (if any), tenant, landlord, and total square footage of the deal.

It’s encouraging to think that, a year ago, a similar list would have been mostly devoid of any green office leases. It’s also noteworthy that almost half of the top 10 leases were secured at such high-profile buildings. CoStar’s report doesn’t offer details on asking rents for each of these leases, but that’s obviously the next question. Nevertheless, it will definitely be interesting to see how this list changes in the next year, both in terms of a softening economy and the number of leases that we expect to see finalized on pending green projects (such as 11 Times Square) during the course of 2008.

#6, 200 Fifth Avenue (Registered under LEED-CS 2.0)

Tenant: Grey Global Group, 369,973 square feet Landlord: L&L Acquisitions

• 200 Fifth Avenue

#7, 250 West 55th Street (Plans to pursue LEED-NC Gold)

Tenant: Gibson Dunn & Crutcher, 221,510 square feet Landlord: Boston Properties

• 11 Times Square Moving Forward Through Tighter Market (gbNYC)

#8, 620 Eighth Avenue (New York Times Tower, did not pursue LEED certification)

Tenant: Goodwin Proctor, 216,927 square feet Landlord: New York Times Co./Forest City Ratner

• New York Times Tower (gbNYC)

#25, 1095 Sixth Avenue (Verizon Building, did not pursue LEED certification)

Tenant: iStar Financial, 107,022 square feet Landlord: Blackstone Group

• 1 Bryant Park Stealing Thunder from Cross-Street Reno (gbNYC)

#29, 1095 Sixth Avenue (Verizon Building, did not pursue LEED certification)

Tenant: Centerline Capital Group, 100,794 square feet Landlord: Verizon/Blackstone Group

#31, 100 Park Avenue (Registered under LEED-EB 2.0)

Tenant: J. & W. Seligman & Co., 100,454 square feet Landlord: SL Green Realty Corp./Prudential Real Estate

#32, 350 Park Avenue (Registered under LEED-EB 2.0)

Tenant: Ziff Brothers Investments, 100,368 square feet Landlord: Vornado Realty Trust

#45, 599 Lexington Avenue (Registered under LEED-EB 2.0)

Tenant: Ramius Capital Group, 82,147 square feet Landlord: Boston Properties, Inc.

#48, 7 World Trade Center (Certified LEED-NC Gold)

Tenant: Moody’s Corp., 78,710 square feet Landlord: Silverstein Properties, Inc.

• LEED Gold Office Space Flying Off Shelf at 7 WTC (gbNYC)