1stdibs.com subleases entire office space to Intuit Inc. through Dec 2029

1stdibs.com, Inc.

Sublease covers 42,232 rentable sq ft at 51 Astor Place, NYC, with phased occupancy starting Oct 2023 and Jan 2024.
Fixed rent for Phase I (33,145 sq ft) ranges from $220,967/mo initially to $248,844/mo by 2029; Phase II (9,087 sq ft) from $60,580/mo to $68,223/mo.
Rent abatement: first 5 months full abatement plus an additional $220,966.66 abatement in month 6.
Subtenant (Intuit) pays proportionate share of operating expenses (78.48% initially, 100% after Phase II delivery).
1stdibs retains obligations under the original lease; sublease does not terminate the head lease.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

1stdibs.com, Inc. entered into Sublease with Intuit Inc. (effective 2023-08-16).

Action: entry
Agreement: lease
Counterparty: Intuit Inc.
Effective: 2023-08-16

Exact text from the filing

On August 16, 2023, 1stdibs.com, Inc. (the “Company”) and Intuit Inc. (the “Subtenant”) entered into a Sublease Agreement (the “Sublease”)

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1stdibs.com, Inc. filing history →

Source: SEC EDGAR

accession 0001600641-23-000166

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