CBS Extends Lease for Its 57th St. Broadcast Studio

CBS Broadcasting, Inc. is staying put at West 57th Street in Manhattan. The company has signed a lease extension through December 31, 2023, covering its 281,896 square foot space, according to SL Green Realty Corp.

CBS Broadcasting is one of several tenants leasing space in the approximately 1million square foot, 20-story property. Other tenants within the building include the City University of New York, St. Lukes-Roosevelt Hospital, Greater New York Hospital Association, and BMW of Manhattan.

“This large lease renewal, together with Healthfirst’s new lease for 172 square feet in lower Manhattan, and the 157,000 square feet of renewal leases just signed by corporate giants Pepsico and Citigroup in Westchester and Fairfield counties, respectively, represents over 610,000 square feet of lease commitments transacted in the past few days,” said Steven Durels, executive vice president and director of leasing and real property for SL Green. “CBS, Citigroup, and Pepsico were all renewals, confirming that large tenants are choosing to lock in favorable occupancy costs with financially stable landlords, while also providing building owners with long-term stability and rent increases over and above the in-place rent.”