Inside Manhattan's most expensive office building, which boasts swanky showers, March Madness parties, and views for 40 miles

One Vanderbilt in front of the blue sky from Fifth Avenue
One Vanderbilt.
  • One Vanderbilt is a 2-year-old skyscraper and the second-tallest office building in New York City. 
  • Now it's also the priciest: A 72nd-floor office is listed for $312 a foot, or $3.3 million a year.
  • See the hotel-like features that employees who work in the building, which is 99% leased up, enjoy.
Manhattan's biggest office landlord, SL Green, opened One Vanderbilt in September 2020 after 13 years of planning and construction.
One Vanderbilt
The top portion of One Vanderbilt, located in Midtown Manhattan.
The 1,401-foot-tall skyscraper sits on East 42nd Street and Vanderbilt Avenue, next to Manhattan's storied Grand Central Terminal train station. It has 1.8 million square feet of interior space — the size of over 30 football fields — across its 72 floors.
One Vanderbilt
One Vanderbilt from the street.
One Vanderbilt is 99% leased to tenants including TD Bank and private-equity firm The Carlyle Group — no small feat at a time when offices are struggling amid a work-from-home revolution.
TD Bank One Vanderbilt
The TD Bank office in One Vanderbilt.
Walker & Dunlop, which finances commercial real estate investments throughout the country, also has offices in the tower. Companies pay dearly for their offices — from $130 per square foot, compared to an average of $83 per square foot in the area overall.
TD Bank One Vanderbilt
A portion of the TD Bank office in One Vanderbilt.

Source of rent statistics: The Real Deal

Anyone who comes to work in One Vanderbilt first enters the huge, sleek lobby.
one vanderbilt lobby
The lobby of One Vanderbilt.
Take these elevators up to the 68th floor and you'll find the corporate law firm McDermott Will & Emery, which employs 2,300 people, and pays $302 per each of the nearly 23,000 square feet it leases. That's almost $7 million a year.
one vanderbilt elevator bank
Elevator bank in One Vanderbilt.

Source of rent statistics: The Real Deal

Forget getting wet: Many people commuting via subway or commuter rail MetroNorth don't even have to walk outside to get to the lobby.
underground entrance to Grand Central station from the lobby of One Vanderbilt
One Vanderbilt entrance from Grand Central.
Only a few other office buildings in the area connect directly to historic Grand Central. Employees sidle through a door marked "Tenants Only."
one vanderbilt tenants only
Tenant-only entrance into One Vanderbilt.
If employees ride their bikes to work or get off a red-eye flight to make a big presentation, they can reserve one of several One Vanderbilt's shower rooms, located on various floors, through an app.
luxury bathroom and showers in One Vanderbilt
One of the shower rooms in One Vanderbilt.
The showers have been the most popular amenity for tenants, according to Steven Durels, SL Green's executive vice president of leasing.
Bathroom in One Vanderbilt
The shower room comes complete with a bathrobe.
Employees also have access to a whole entire amenities floor, a third-floor space called the The Vandy Club. Among the options is a sushi restaurant called JoJi Box.
La Terrace one vandy
Daniel Boulud's restaurant on One Vanderbilt's amenity floor.
Also on that floor is La Terrace, a restaurant run by Michelin-starred French chef Daniel Boulud that is only open to people who work in the building. It serves salads, sandwiches, soup, and pastries.
one vanderbilt amentity floor
A restaurant on One Vanderbilt's amenity floor.
Employees can take their food outside to a landscaped patio overlooking Grand Central.
a patio space in one vanderbilt with tables and chairs and greenery
An outdoor patio space on the third floor.
One Vanderbilt also has a conference center that spans half of the third floor for companies that want to host an event or an important meeting.
conference center at One Vanderbilt
Entrance to the conference center on the third floor.
Anyone who works in the building can reserve a space.
One vanderbilt conference room
A board room on the amenity floor.
It's not all board meetings. A company reserved this room for a March Madness watch party for its workers last year.
one vanderbilt conference room
One Vanderbilt head of leasing Zach Freeman walks in a conference room on the amenity floor.
All of One Vanderbilt's offices have floor-to-ceiling windows.
one vanderbilt office inside view
An office space in One Vanderbilt.
The building was designed to maximize the number of corner offices, lead architect Jamie von Klemperer, of Kohn Pedersen Fox, told Insider.
corner office at a spec build out space at One Vanderbilt
An office space in One Vanderbilt.
On the 54th floor is vacant office space that has been built out and decorated to lure a tenant.
pre-built space on the 52nd floor of One Vanderbilt
Office space that SL Green has built out before leasing out.
The space is designed to feel like a home, said Zach Freeman, who runs One Vanderbilt's leasing office. It has a café area.
one vanderbilt 52nd floor pre-built space
A café within the 54th-floor office space.
"We are actively trading proposals" with interested companies, Freeman said. The Real Deal reported the space is asking $250 per square foot.
spec build out One Vanderbilt
Another view of the café.

Source of rent statistics: The Real Deal

On the 72nd floor, SL Green is asking $312 per square foot, or over $3.3 million a year, The Real Deal reported. That's the most expensive asking office rent in New York City right now.
One Vanderbilt 72nd floor
Freeman walks around the 72nd floor of the building, one of the only spaces left to rent in the building.

Source of rent statistics: The Real Deal

The 10,790-square-foot office, which will be built out and finished when a tenant signs a lease, contains an outdoor terrace that overlooks most of Manhattan.
one vanderbilt terrace
A terrace on the 72nd floor of One Vanderbilt. It's open-air but has high glass walls.
People on the 72nd floor can see the iconic Chrysler Building head on. On a clear day, you can see 40 miles in each direction, Freeman said.
From a balcony of the 72nd floor of One Vanderbilt overlooks The Chrysler Building, Manhattan's Murray Hill, the East River and Brooklyn
A view of the East River, the east side of Manhattan, and the Chrysler Building from One Vanderbilt.

Correction: October 28, 2022 — An earlier version of this story misspelled the photographer Max Touhey's name as Matt Touhey.

Employees on the upper floors of One Vanderbilt can see the shores of the Atlantic Ocean in Brooklyn to the east, as well as the Hudson River and to the mountains north of Manhattan to the west and north.
The view from One Vanderbilt to the northwest: the Upper West Side, Central Park, the George Washington Bridge, the New Jersey Hudson river waterfront and the Hudson Highland mountain range in the distance
A view north and west over the Hudson River from One Vanderbilt.
Atop One Vanderbilt is an observation deck, called the Summit, which has hosted 1.4 million visitors since it opened in October 2021, according to SL Green. Tickets cost from $59.
The south of Manhattan from One Vanderbilt's observation deck
A view from the Summit looking south. The Empire State Building can be seen on the right and One World Trade Center in the distance.
Read the original article on Business Insider


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