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financial company, Monroe Capital, has leased two non-contiguous floors at 320 Park Avenue to meet its growing demand for office space. The company signed a lease for the entire 15,000 square-foot 30th floor in December, paying $140 per square foot. This was followed by an additional lease for the entire 21st floor, also 15,000 square feet, at a rate of $170 per square foot.

    The strong demand for prime Park Avenue space has led companies to consider unconventional leasing arrangements. In this case, Monroe Capital opted to split its office space across two floors rather than finding a single larger space elsewhere. This trend is attributed to the high demand on Park Avenue, where companies are willing to pay a premium to secure space.

    The leases were negotiated by Savills' Greg Taubin for Monroe Capital and JLL's Frank Doyle, Dave Kleiner, and Carlee Palmer for landlord Munich Re.