"Competition for Prime Real Estate in Manhattan Intensifies"
Paul Weiss, a tenant at RXR Realty and China Life’s 1285 Sixth Avenue for nearly 30 years, is considering a move into slightly less space at Fisher Brothers’ 1345 Sixth Ave. when its lease at 1285 expires at the end of 2026. Meanwhile, UBS is considering moving large units of Credit Suisse from SL Green’s 11 Madison Avenue to 1285 Sixth, which has thrown a monkey wrench into the situation at 1285 Sixth, where its lease runs beyond 2030. The drama plays out against the backdrop of the Sixth Avenue/Rockefeller Center subdistrict, which is healthier by most metrics than all but one other corridor.