How the Empire State Building Makes Money IN ONE CHART


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How the Empire State Building Makes Money IN ONE CHART


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Observatory 40% Observatory $111m Believe it or not, the Empire State Building generates the largest share of its revenue from its observation decks on the 86th and 102nd floors.


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Office Leases 37% Observatory 40% Observatory $111m Office Leases $104m Second is revenue from leasing its 2.7 million square feet of office space, making it one of the world’s largest office buildings.


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Tenant Reimbursements 13% Office Leases 37% Observatory 40% Observatory $111m Office Leases $104m Tenant Reimbursements $35m Next are tenant reimbursements for property taxes, maintenance, and to offset the impact of inflation.


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Tenant Reimbursements 13% Office Leases 37% Observatory 40% Broadcasting Licenses 7% Observatory $111m Office Leases $104m Broadcasting Licenses $20m Tenant Reimbursements $35m Fourth, the ESB generates 7% of its revenue from licensing the use of its broadcasting mast to third-party television and radio broadcasters.


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Tenant Reimbursements 13% Office Leases 37% Observatory 40% Broadcasting Licenses 7% Retail Leases $9m Observatory $111m Office Leases $104m Broadcasting Licenses $20m Tenant Reimbursements $35m Retail Leases (3%) Finally, 3% of the Empire State Building’s revenue comes from leasing its lower floors to retailers such as Starbucks, among others.


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