News Summary
Ogletree Deakins, a leading labor and employment law firm, has moved to a larger office at Rockefeller Center in New York City. The firm has signed a lease for 18,000 square feet on the 24th floor of the iconic building, marking a significant step in their growth since their last relocation. With over 1,100 attorneys and 60 offices nationwide, this new location will support their ongoing expansion and enhance their presence in the legal community, adding to the thriving business hub at Rockefeller Center.
The Big Apple Welcomes Ogletree Deakins to Rockefeller Center
New York City is buzzing with excitement as the renowned labor and employment law firm, Ogletree Deakins, has announced its move to a new, larger office space at the iconic Rockefeller Center. This change marks a significant step for the firm, as they transition from their previous home at 599 Lexington Avenue, where they had been based since 2012.
A Prime Location with Modern Amenities
Ogletree Deakins has signed a lease for 18,000 square feet on the 24th floor of 1270 Avenue of the Americas. This impressive 31-story office building is owned by RCPI Landmark Properties LLC and managed by Tishman Speyer, making it a coveted spot for numerous businesses. The location offers a variety of modern amenities as well as access to the best dining and shopping options in Midtown, which was a key factor in the firm’s decision to relocate.
Growing Stronger
Since its last move almost over a decade ago, Ogletree Deakins has experienced tremendous growth, expanding from just 650 attorneys nationwide to now boasting over 1,100 attorneys in **60 offices** across the country. This new office will house 20 attorneys and 10 business professionals initially, with plenty of additional space prepared for future growth as the firm continues to expand its reach.
Adding to the Legal Community
The excitement doesn’t stop there! With Ogletree Deakins joining the ranks, the Rockefeller Center location has now welcomed 11 law firms since the beginning of 2023, collectively signing leases that total a whopping 354,000 square feet at the 1270 Avenue of the Americas. This vibrant legal hub is becoming a desirable destination for law firms aiming to be part of New York’s dynamic business scene. Interestingly, there are still over 74,000 square feet of office space up for rent in the building, indicating a growing interest in the location.
The Numbers Speak Volumes
Despite the fluctuations seen throughout the pandemic, the Midtown area’s office market is showing signs of recovery. The average rental rates in Midtown Core have reached about $103.21 per square foot, and this new influx of law firms only strengthens the area’s position as a key commercial hub. Industry experts are optimistic, noting that this trend aligns with a revival in leasing activity returning to pre-pandemic levels.
Behind the Scenes
The negotiations for this significant lease deal were represented by a talented team from JLL, including professionals like Michael Berg, Sofia Bruno, Elizabeth Cooper, and Brendan Dwyer. On the other side, Tishman Speyer’s in-house team, managed by Blythe Kinsler and Kate Walker, ensured everything flowed smoothly.
Ogletree Deakins’ Bright Future
As Ogletree Deakins settles into its new Rockefeller Center office, the firm is not only positioning itself in the heart of New York City but also embracing the chance to foster growth and nurture the relationships that have made them successful. This relocation is not just about a change in location; it signifies a new chapter filled with opportunities and possibilities. With the energy of the city surrounding them and a stunning new workspace to call their own, the future looks promising for Ogletree Deakins in the Big Apple.
Deeper Dive: News & Info About This Topic
- Connect CRE: Ogletree Deakins Moves NYC Office to Rockefeller Center
- Wikipedia: Rockefeller Center
- Commercial Observer: Ogletree Deakins Lease at Rockefeller Center
- Google Search: Ogletree Deakins New York City office
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- Encyclopedia Britannica: Office Building
