Spotify has become the latest tech firm to take a major block of space at big-money rents in midtown south. The company has added around 50,000 square feet at 620 Sixth Ave., where it took 73,000 square feet for its Manhattan headquarters in 2012.
The digital music streaming company initially took the large, seven-story midtown south building's entire top floor, a space that encapsulates the quirky, historic and amenity-packed character that has drawn creative companies to midtown south. That floor features huge skylights, outdoor terraces and an antique cast-iron spiral staircase that is original to the 1896 building leading to a small private observation deck.
Asking rents in 620 Sixth Ave., which is now nearly full, have risen into the $70s per square foot, almost double rents there a decade ago. It was not immediately clear on which floor Spotify is taking the expansion space in the 700,000-square-foot building.
David Goldstein and Nick Farmakis, brokers at Studley, represented Spotify. Bill Elder, an executive at RXR Realty, the building's landlord, handles leasing at the property in-house.Spotify expands at 620 Sixth Ave.
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