It’s just: Newsmax is doubling its Manhattan office space.
The Florida-based conservative news service has rented approximately 24,000 square feet of full floor at 805 Third Ave between 49th and 50th streets.
Newsmax has signed a five-year contract for the 19th floor of the skyscraper, said Cohen Brothers Realty Corporation, Mark Horowitz, senior vice president and national director of leasing for Cohen Brothers.
He said the asking rent is $ 65 per square foot.
According to an analysis by The Writing, which tracks conservative sites, Newsmax saw its traffic increase 330% since last November’s 2020 election.
Still, Foxnews.com is the most visited conservative website.
Ship broker Poten and a group of partners previously occupied the ground, acquired by BGC Partners. The Cohen Brothers are building the space and Newsmax is expected to relocate on January 1st.
Starting in 2019, Newsmax will occupy the 22nd floor of the same size by Meredith Corporation until 2026, Horwitz said. It marked a dramatic expansion for the news agency as it more than quadrupled its space by 5,000 square feet at 8 W. 40th St.
JLL’s Don Posey and Peter Michailidis represented Newsmax in a recent deal. A spokesman for JLL did not respond to a request for comment. No one from Newsmax immediately responded to a request for comment
Meredith is the largest tenant in the office tower. After the company acquired Time Inc. and moved to Times digs at Brookfield Place, Meredith marketed its other locations.
A full floor in the building is available for lease. It is owned by Asset International, a media company serving financial planning and information markets, acquired by Gen Star Capital.