{"id":1004765802,"date":"2025-07-22T03:37:55","date_gmt":"2025-07-22T11:37:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004765802"},"modified":"2025-07-29T03:51:51","modified_gmt":"2025-07-29T11:51:51","slug":"law-firm-signs-lease-at-empire-state-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/","title":{"rendered":"Law Firm Signs Lease at Empire State Building"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1.jpg\"><img decoding=\"async\" data-attachment-id=\"1004765831\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/empire-state-building-image-courtesy-of-yardi-research-data-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Empire State Building. Image courtesy of Yardi Research Data\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The 2.8 million-square-foot office building went through cosmetic renovations in 2019. Image courtesy of Yardi Research Data&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1.jpg\" alt=\"Exterior shot of Empire State Building, an office tower in Manhattan.\" class=\"wp-image-1004765831\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">The 2.8 million-square-foot office building went through cosmetic renovations in 2019. <em>Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Elsberg Baker &amp; Maruri PLLC&nbsp;has signed a 39,237-square-foot leasing agreement at the Empire State Building in Manhattan. The law firm will occupy one full and one partial floor at Empire State Realty Trust\u2019s 102-story property. Newmark brokered the deal on behalf of both parties, with help from an ESRT executive. <\/p>\n\n\n\n<p>The law firm also worked with the owner&#8217;s in-house architecture and project management team to design and build its new Manhattan office. Elsberg Baker &amp; Maruri will relocate from Vornado Realty Trust\u2019s 1 Pennsylvania Plaza, <a href=\"https:\/\/commercialobserver.com\/2025\/07\/elsberg-baker-maruri-empire-state-building\/\"><em>Commercial Observer<\/em> reported<\/a>.<\/p>\n\n\n\n<p>The current deal happened just a few weeks after a <a href=\"https:\/\/www.commercialsearch.com\/news\/esrt-lands-tenant-at-empire-state-building\/\">consultancy firm signed<\/a> a 25,372-square-foot lease at the 2.8 million-square-foot building.<\/p>\n\n\n\n<p>ESRT purchased the skyscraper in a major portfolio deal valued at $771.2 million in October 2013 from Helmsley Enterprises, according to Yardi Research Data. Originally constructed in 1931, the iconic tower underwent a complete renovation in 2011, followed by cosmetic upgrades in 2019.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/law-firm-leasing-hits-record-high-targets-premium-assets\/\"> Law Firm Leasing Hits Record High, Targets Premium Assets<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The LEED Platinum-certified building includes more than 127,000 square feet of retail space across its ground and mezzanine levels and has floorplates ranging from 12,905 to 100,512 square feet. The high-rise also has 64 passenger elevators.<\/p>\n\n\n\n<p>The building comprises more than 65,000 square feet of amenity space, including a fitness center, a conference facility, the Empire Lounge with a 400-person all-hands space and recreational features such as a basketball court and two golf simulators. The tower also has multiple dining and seating areas.<\/p>\n\n\n\n<p>Newmark Vice Chair Brian Goldman, Associate Director Nicholas Lucia and Head of New York Consulting Group Jason Perla represented the tenant. Vice Chair Scott Klau, Executive Managing Director Erik Harris and Managing Director Neil Rubin, as well as ESRT Vice President of Leasing Jordan Berger, worked on behalf of the owner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-yoy-decrease-in-manhattan-office-vacancy\">YoY decrease in Manhattan office vacancy<\/h2>\n\n\n\n<p>Manhattan\u2019s office vacancy rate as of May clocked in at 15.7 percent, marking a 50-basis-point drop year-over-year, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-june-office-report\/\">Yardi Matrix office report<\/a>. This figure was also below the 19.4 percent national average. The borough\u2019s listing rate during the same month was $68.1, more than double the U.S. index.<\/p>\n\n\n\n<p>Earlier this year, <a href=\"https:\/\/www.commercialsearch.com\/news\/esrt-inks-77-ksf-renewal-at-manhattan-tower\/\">ESRT also signed<\/a> a 77,382-square-foot lease renewal with Gerson Lehrman Group Inc. at One Grand Central Place. The tenant will continue to occupy two full floors at the 1.3 million-square-foot office tower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm will occupy one full and one partial floor.<\/p>\n","protected":false},"author":3355,"featured_media":1004765831,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[37228,34345,50999],"class_list":["post-1004765802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-empire-state-building","tag-empire-state-realty-trust","tag-newmark"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Law Firm Signs Lease at Empire State Building - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Law firm Elsberg Baker &amp; Maruri signed a 39,237-square-foot leasing agreement at ESRT&#039;s Empire State Building in Manhattan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Law Firm Signs Lease at Empire State Building\" \/>\n<meta property=\"og:description\" content=\"Law firm Elsberg Baker &amp; Maruri signed a 39,237-square-foot leasing agreement at ESRT&#039;s Empire State Building in Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-22T11:37:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-29T11:51:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/\",\"name\":\"Law Firm Signs Lease at Empire State Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg\",\"datePublished\":\"2025-07-22T11:37:55+00:00\",\"dateModified\":\"2025-07-29T11:51:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"Law firm Elsberg Baker & Maruri signed a 39,237-square-foot leasing agreement at ESRT's Empire State Building in Manhattan.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg\",\"width\":640,\"height\":480,\"caption\":\"The 2.8 million-square-foot office building went through cosmetic renovations in 2019. Image courtesy of Yardi Research Data\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Law Firm Signs Lease at Empire State Building\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\",\"name\":\"Vicentiu Fusea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g\",\"caption\":\"Vicentiu Fusea\"},\"description\":\"Vicentiu Fusea is an associate editor with Commercial Property Executive and Multi-Housing News. He has joined the CPE-MHN team in 2023. Vicentiu writes stories mainly focusing on the student housing, office and MOB markets. You can reach out to him at vicentiu.fusea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/vicentiu-fusea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Law Firm Signs Lease at Empire State Building - Commercial Property Executive","description":"Law firm Elsberg Baker & Maruri signed a 39,237-square-foot leasing agreement at ESRT's Empire State Building in Manhattan.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/","og_locale":"en_US","og_type":"article","og_title":"Law Firm Signs Lease at Empire State Building","og_description":"Law firm Elsberg Baker & Maruri signed a 39,237-square-foot leasing agreement at ESRT's Empire State Building in Manhattan.","og_url":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-07-22T11:37:55+00:00","article_modified_time":"2025-07-29T11:51:51+00:00","og_image":[{"width":640,"height":480,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg","type":"image\/jpeg"}],"author":"Vicentiu Fusea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/","url":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/","name":"Law Firm Signs Lease at Empire State Building - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg","datePublished":"2025-07-22T11:37:55+00:00","dateModified":"2025-07-29T11:51:51+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412"},"description":"Law firm Elsberg Baker & Maruri signed a 39,237-square-foot leasing agreement at ESRT's Empire State Building in Manhattan.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg","width":640,"height":480,"caption":"The 2.8 million-square-foot office building went through cosmetic renovations in 2019. Image courtesy of Yardi Research Data"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/law-firm-signs-lease-at-empire-state-building\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Law Firm Signs Lease at Empire State Building"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412","name":"Vicentiu Fusea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g","caption":"Vicentiu Fusea"},"description":"Vicentiu Fusea is an associate editor with Commercial Property Executive and Multi-Housing News. He has joined the CPE-MHN team in 2023. Vicentiu writes stories mainly focusing on the student housing, office and MOB markets. You can reach out to him at vicentiu.fusea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/vicentiu-fusea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Empire-State-Building.-Image-courtesy-of-Yardi-Research-Data-1-e1753183980569.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004765802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3355"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004765802"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004765802\/revisions"}],"predecessor-version":[{"id":1004766659,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004765802\/revisions\/1004766659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004765831"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004765802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004765802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004765802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}