{"id":37286,"date":"2023-12-12T10:32:01","date_gmt":"2023-12-12T07:32:01","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=37286"},"modified":"2025-03-25T16:08:33","modified_gmt":"2025-03-25T13:08:33","slug":"saatchi-leases-flatiron-district-office-space","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/saatchi-leases-flatiron-district-office-space\/","title":{"rendered":"Ad Agency Saatchi Leases Flatiron District Office Space"},"content":{"rendered":"

U.K.-based ad agency M&C Saatchi Group closed on a deal that will result in a 40% reduction of its office footprint in New York City: The company signed a 10-year agreement for 13,000 square feet at 16 W. 22nd<\/sup> St., where it will occupy the entire ninth floor of the GFP Real Estate-owned building. Asking rent was $46 per square foot<\/a>.<\/p>\n

Barbara Yagoda represented the landlord in-house, while a Colliers team of Michael Thomas and Aidan Campbell conducted negotiations on behalf of the tenant.<\/p>\n

M&C Saatchi Group\u00a0is currently located at 88 Pine St. near South Street Seaport, where it occupies approximately 22,000 square feet of office space. The agency is expected to relocate its operations to its new premises in January 2024.<\/p>\n

Other recent deals at 16 W. 22nd<\/sup> St. include\u00a0Psychology Today\u00a0<\/em>publisher\u00a0Sussex Publishers\u2019 six-year lease agreement at the 165,000-square-foot building.<\/p>\n

To date, the property\u2019s tenant roster features the likes of\u00a0post-production company\u00a0Heard City, non-profit\u00a0Teak Fellowship\u00a0and design firm\u00a0Architecture Plus Information. The ground floor is occupied by Michelin-starred Korean steakhouse\u00a0Cote.<\/p>\n

Designed by architect William Harvey Birkmire in 1910, 16 W. 22nd<\/sup> St. is a 12-story, neo-Renaissance property in Manhattan\u2019s Flatiron District.\u00a0The property provides access to several subway lines, along with shopping, dining and recreational options\u00a0due to its proximity to Madison Square Park.<\/p>\n

M&C Saatchi Group was formed in 1995. Boasting some 2,400 employees worldwide, the agency provides brand strategy, sponsorship and talent management solutions in 23 countries.<\/p>\n

Need a reliable and up-to-date listings platform that grants you access to the most sought-after office space solutions in major cities across the U.S.? Visit\u00a0<\/em>CommercialCafe.com<\/em><\/a>\u00a0and sort properties by location, size or price to find the best fit for your business:<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
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M&C Saatchi Group closed on a deal that will result in a 40% reduction of its office footprint in New York City: The company signed a 10-year agreement for 13,000 square feet at 16 W. 22nd St., where it will occupy the entire ninth floor of the GFP Real Estate-owned building. Asking rent was $46 per square foot.<\/p>\n","protected":false},"author":56,"featured_media":37287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,39],"tags":[],"class_list":["post-37286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nM&C Saatchi Leases Flatiron District Office | CommercialCafe<\/title>\n<meta name=\"description\" content=\"M&C Saatchi Group closed on a 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