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Soloviev Group Sets New Benchmark with Lease at 9 West 57th Street

In a noteworthy development, the Soloviev Group has achieved a historic milestone in the New York City commercial real estate market. The company recently finalized a substantial lease agreement at its flagship property, 9 West 57th Street, with a private international family office, marking a significant moment for both the building and the broader market.

A Record-Breaking Deal

On April 1, 2026, it was announced that the private family office signed a ten-year lease that averages an extraordinary $327.50 per rentable square foot. This figure not only sets a new record for 9 West 57th Street but is also considered one of the highest rental rates ever recorded in New York City. The leased space encompasses 5,063 square feet on the northwest corner of the 50th floor, offering tenants breathtaking views of Central Park.

Stefan Soloviev, Chairman of the Soloviev Group, remarked, "The price speaks for itself," underscoring the elevated value that 9 West 57th Street has now achieved. The property has quickly become a top destination for prestigious commercial tenants, thanks to its prime location and a range of modern amenities.

Prior Achievements

Before this groundbreaking lease, the previous record in the city was set at $320 per rentable square foot. Over recent years, 9 West 57th Street has cultivated a strong lineup of distinguished tenants, which includes prestigious entities like The U.S. Soccer Federation, Hess Group, Beaconlight Capital, and Platinum Equity among others. Also included in the impressive tenant roster are long-term residents like Apollo Global Management, CHANEL, Qatar Investment Authority, and others who contribute to the building’s reputation as an elite commercial space in Manhattan.

Modern Upgrades

In response to the demand for high-quality office spaces, Soloviev Group has invested significantly in enhancing the building's infrastructure. Recent upgrades include modernized lobby designs, upgraded elevator systems, and state-of-the-art building technology. These improvements are complemented by newly introduced amenities on a 20,000 square-foot floor, designed to enrich the tenant experience with unparalleled views of Central Park, executive dining options, a grab-and-go coffee bar, and versatile meeting spaces.

With these upgrades, 9 West 57th Street not only caters to its existing tenants but also strategically positions itself to attract future tenants seeking premium office space in New York City’s competitive real estate landscape.

Looking Ahead

The transaction was facilitated by the CBRE team, which includes industry veterans Howard Fiddle, John P. Maher, and others who represented the ownership in the lease deal. As the commercial real estate market evolves, the Soloviev Group continues to approach property development with a forward-thinking mindset, focusing on tenant satisfaction and long-term growth strategy.

As Soloviev Group continues its 50-plus year legacy in the commercial and residential development space, this record-setting lease serves as a powerful testament to the potential for growth and innovation within the industry. Interested parties can learn more about the company’s initiatives and available properties by visiting their official website at solovievgroup.com.