Have you ever wondered what’s the real moneymaker at the iconic 102-story skyscraper? With 2.7 million square feet of commercial space it has to be the tenants, right? Well, actually it’s not.
The most profitable floors at the Empire State Building are… the observation decks.
The observations decks on the 86th and 102nd floor generate more than 40% of the Empire State Building, an astonishing $120 millions per year! Office leases come second at 100 millions per year while the remaining 20% ($55 millions) come from broadcasting licenses, tenant reimbursements and retailing leasing.
If you like what you read, then you will definitely love this one: This Is Why New York Is Called The Big Apple
Photo: Todd Quackenbush / Unsplash
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