The American Express Company's headquarters at 200 Vesey Street is a significant commercial property in Lower Manhattan. It's located in the Financial District.
This building serves as the main office for American Express, a leading global services company. It's a prominent landmark in the area.
The property is situated near several major transportation hubs, including the World Trade Center and the 9/11 Memorial & Museum.
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American Express Office Space
American Express has a significant presence at 200 Vesey Street, where they've subleased 33,000 square feet of office space from marketing firm Cision on the 19th floor.
This deal was facilitated by JLL's Andrew Coe, Lisa Kiell, Michael Shenot, and Edward DiTolla, while Cision was represented by Savills' Nick Farmakis and Kate Walker.
The average asking rent for offices in Downtown Manhattan was $57.21 per square foot in December, according to CBRE.
American Express is expanding its space in the building, adding to its existing presence in the American Express Tower.
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The office space at 200 Vesey Street features 24/7 access and staffed security, a visitor reception center in the lobby, state-of-the-art building infrastructure, high ceilings, large windows, and exquisite views of Lower Manhattan and the Hudson River.
Office asking rents at 200 Vesey Street hover around $70 per square foot, significantly more affordable than rents commanded by Class A buildings in Midtown Manhattan.
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Renters and Transactions
The building at 200 Vesey St has been involved in 10 transactions, which suggests a high level of activity in the area.
The building at 200 Vesey St has been involved in 10 transactions, giving us an idea of the building's history and usage over time.
You can find more details about community contributed leases, sales, financings, and construction projects at 200 Vesey St if you scroll down.
Renters at 200 Vesey Street
200 Vesey Street is home to a diverse group of tenants. American Express occupies one million square feet of office space in the building.
Regus, PR Newswire, and the U.S. Securities and Exchange Commission are also renting office space at 200 Vesey Street. Retailers like Madewell, Gucci, Amazon, Tory Burch, and Salvatore Ferragamo have a presence in the building as well.
The rent price for office space at 200 Vesey Street is around $70 per square foot. This makes it significantly more affordable than similar properties in markets like Hudson Yards, which can fetch as high as $100 per square foot.
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Transactions Around
Transactions around 200 Vesey St have been involved in 10 transactions. This is a notable example of the frequency of transactions in certain areas.
The building at 200 Vesey St has been a hub of activity with multiple deals taking place.
Community contributed leases, sales, financings, and construction projects have all been part of the transactions at 200 Vesey St.
Office Space Details
200 Vesey Street features 2.3 million square feet of Class A World Trade Center office space across 53 stories.
The property was damaged in the 9/11 attacks and was completely renovated in 2002.
It is a LEED Gold-certified property owned by Brookfield Properties.
American Express occupies one million square feet of office space in the building.
Cision subleased 33,000 square feet from American Express on the 19th floor of 200 Vesey Street.
The average asking rent for offices in Downtown Manhattan was $57.21 per square foot in December.
American Express has a long-term presence in the building, having been there since before the renovation.
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Frequently Asked Questions
What is Vesey American Express?
Vesey Street is the location of the American Express Tower, the headquarters of American Express, a multinational financial services corporation.
Who owns the American Express Company?
American Express stock is primarily owned by institutional investors, with a smaller percentage held by insiders, public companies, and individual investors. The majority of ownership is held by institutional investors, who make up approximately 68.56% of the company's stock.
Sources
- https://property.compstak.com/200-Vesey-Street-New-York/p/1411
- https://www.americanexpress.com/en-gb/careers/locations/new-york/
- https://www.metro-manhattan.com/buildings/200-vesey-street-office-space-for-lease/
- https://realgraph.co/buildings/200-vesey-st-new-york-ny
- https://commercialobserver.com/2024/01/american-express-sublease-cision-200-vesey-street/
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