The world’s biggest Daily Fantasy Sports site, FanDuel, is expanding its office space in Manhattan by 32.000 feet.
It’s also got a brand new posh address, 300 Park Avenue South.
The increase is from 9000 square feet at a previous Midtown South address.
It will now take the top three floors, about 41,000 square feet, of the 14-story building between East 22nd and East 23rd Streets.
The rent: $80 per square feet. Let’s do the math.
That’s $3.3 million.
But considering they just took in a couple hundred thousand in fresh investment money last month, that’s just a drop in the bucket.
FanDuel will be joining other prominent tenants in the 185,000-square-foot building such as the Smithsonian Institution and the New York State Council on the Arts.
– Aaron Goldstein, Gambling911.com