THE WHAT? L’Occitane and its subsidiary Elemis have signed office leases at 111 West 33rd Street, as confirmed by the building’s owner, Empire State Realty Trust (ESRT). L’Occitane has renewed its lease for its 20,962-square-foot space for five more years.
THE DETAILS L’Occitane had previously occupied the entire 20th floor since 2019. Elemis, on the other hand, entered an 11-year agreement for a 9,497-square-foot space within the same building. This marks Elemis’s shift from its previous location at 1140 Broadway in NoMad. The rent for spaces in the building is between $69 to $74 per square foot.
THE WHY? The leases indicate L’Occitane and Elemis’s decision to maintain their office presence in a central New York location. 111 West 33rd Street also hosts other tenants like ClearView Healthcare Partners, Nespresso, and Healthcare Risk Advisors, in addition to ESRT’s corporate offices.