Moving Up- The Best Buildings in Manhattan for Hedge Funds

IXCHEL MAZER
SPACES COMMERCIAL REAL ESTATE
212-300-3349
ixchel@spacescre.com

FIND YOUR OFFICE SPACE

One Vanderbilt, 540 Madison, 250 W. 55th Street, 667 Madison, 425 Park Avenue—these buildings have something in common, and it’s not just their midtown location. They also happen to be some of the most sought-after locations for businesses to move into recent years, according to reports from industry publications like Commercial Observer and Real Estate Weekly. Why do these buildings draw some of the highest ranking hedge funds in the world?
 
It’s no secret that hedge funds are making major moves up the office space food chain. They’re looking for new building features and amenities that make them stand out from their competitors. In order to find the best buildings, hedge funds will want to take a close look at spaces like One Vanderbilt, 540 Madison, 250 W. 55th Street, 667 Madison Avenue, and 425 Park Avenue.

One Vanderbilt

One Vanderbilt is New York’s tallest midtown building. With spectacular transportation options due to its proximity to Grand Central station, the building offers the best in class of amenities. With minimal availablities, hedges are drawn to One Vanderbilt for its 16.6′ building height, outdoor terrace, private restaurant by Daniel Bolud, conference center, and 140-person auditorium. Amenities such as these make One Vanderbilt an attractive place for hedge funds get into the building.
 
Current vacancy at 1 Vanderbilt below:
 
Partial 54th Floor6,393 RSF
Entire 63rd Floor25,056 RSF
Entire 72nd Floor10,790

540 Madison Avenue

Amenities at 540 Madison Avenue are a major draw for hedge funds and the building offers a high level of sophistication. From its grand lobby to breathtaking views, there is plenty to suit any hedge fund’s needs. The building recently underwent a renovation which offers 6,000-square-foot tenant lounge providing a coffee bar, outdoor seating, conference rooms, and showers for bike commuters and mid-day exercisers. Financial service tenants range from Arel Capital, Snowden Lane Partners, to Bank of East Asia.
 
Current vacancy at 540 Madison Avenue below:
 
Partial 5th Floor10,900 RSF
Partial 6th Floor10,900 RSF
Partial 14th Floor4,259 RSF
Partial 18th Floor1,926 RSF
Partial 19th Floor3,009 RSF
Entire 28th Floor6,950 RSF
Partial 31st Floor2,851 RSF
Partial 34th Floor4,227 RSF

250 W. 55th Street

The building at 250 W. 55th Street is a perfect location for hedge funds looking to upgrade their office space. It’s situated on the corner of Avenue of the Americas and West 55th Street, mere blocks from Fifth Avenue, Central Park, and Carnegie Hall. The generous floor plates provide tenants with 14-foot ceiling heights, oversized windows, and column-less views; with LEED Gold certification, it’s one of the most energy efficient buildings in New York City. Hedge funds that call 250 W. 55th Street home include Sachem Head Capital Management, Lyrical Partners, Fairstead, and Squarepoint OPS.
 
Current vacancy at 250 West 55th Street below:
 
Entire 17th Floor23,182 RSF

667 Madison Avenue

A true New York City landmark, 667 Madison Avenue is a prestigious address with a history of serving as the home of some of the world’s most elite financial institutions. 25 stories high, the building provides a granite facade, limestone trim, and museum quality artwork by renowned artists for a Gilded Age experience. The building also offers a private, staffed fitness center and golf simulator for the tenants’ exclusive use. The building’s proximity to New York City’s highest end retail and hotels provides the ultimate uptown experience for Hedge Funds. Current tenants include Sciens Capital Management, Mark Asset Management, Willoughby Capital, and Loews Corporation.
 
Current vacancy at 667 Madison Avenue below:
 
Entire 11th Floor9,245 RSF
Entire 12th Floor9,245 RSF
Entire 16th Floor8,760 RSF

425 Park Avenue

Hedge funds are always looking for the best, newest buildings to house their operations. Designed by Foster+Partners, this building has a spectacular design with an efficient side core build of 13,000 square feet per floor, offering column-less views of Midtown towards Central Park. 425 Park celebrated its formal opening in October 2022 with a ribbon cutting, welcoming a plethora of hedge funds including Citadel Securities, Maverick Capital, Wafra Capital, and GTCR. A Jean-Georges restaurant will open in 2023; in the meantime tenants can take advantage of the building lounge with outdoor terrace space and meditation center.
 
Current vacancy at 425 Madison Avenue below:
 
Entire 28th Floor13,900 RSF
Entire 29th Floor13,900 RSF
Entire 32nd Floor13,900 RSF
Entire 33rd Floor13,900 RSF
Partial 34th Floor6,407 RSF
Entire 39th Floor13,900 RSF
Entire 40th Floor13,900 RSF
Entire 41st Floor13,900 RSF

The best buildings for hedge funds to move to are 667 Madison Avenue, 425 Park Avenue, 250 W. 55th Street, 590 Madison and One Vanderbilt. With these buildings at their disposal, hedge funds are able to provide a “home away from home” for their traders while showing clients they mean business.