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Avison Young arranges new 15,275-square-foot sublease on behalf of Tomorrow Health at 225 Broadway
May 24, 2022
Healthcare technology company relocates and expands its NYC headquarters in Downtown Manhattan
New York, NY– Avison Young announced today that its New York office has arranged a new 15,275-square-foot (sf) sublease on behalf of Tomorrow Health. The healthcare technology company relocated its NYC headquarters from its previous 2,000-sf Midtown South office at 1123 Broadway to the entire 23rd floor of 225 Broadway in Downtown Manhattan.
Avison Young’s New York-based Director Peter Johnson represented Tomorrow Health in the negotiations while Eric Schmall, Allyson Bowen and Christina Bicks of Savills represented the sublandlord.
“Tomorrow Health’s new space at 225 Broadway will allow the company to properly scale its business and operations during this period of rapid growth. The new office space will do more than just accommodate the activated increase in headcount, it will serve as a place to promote company culture, encourage collaboration and allow Tomorrow Health to attract and retain top-tier talent,” said Johnson. “Over the last year, there has been a shift in demand for short term, creatively built, sublet space, which has been driven primarily by these well-funded, early-stage tech tenants. Despite the dwindling supply of creative sublet space, we transacted this deal in an expeditious manner to achieve an optimal result for our client.”
Tomorrow Health is a healthcare technology marketplace designed to simplify the process of obtaining medical equipment and supplies for patients and improving communication among patients, physicians, payors and suppliers. After raising over $40 million in early-stage funding led by Andreessen Horowitz, Tomorrow Health’s recent move from 2,000 sf at 1123 Broadway to 15,275 sf at 225 Broadway marks a significant milestone for the company’s growth as they transition from an early-stage startup to a leader in healthcare technology space.
“As our company rapidly scales its business and operations, our new headquarters at 225 Broadway will allow our employees to return to the office in a safe, socially distant manner in a workspace that aligns with Tomorrow Health’s company culture and vision,” said Vijay Kedar, CEO at Tomorrow Health. “Avison Young’s extensive experience working with tech companies and the firm’s proprietary data platform AVANT were instrumental in leading our search and identifying the perfect headquarters location in proximity to our competitors, clients and talent.”
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