other material
confidence high
sentiment neutral
materiality 0.45
UiPath leases 26,363 sq ft at One Vanderbilt for HQ through 2038 at $3.95M annual rent
UiPath, Inc.
- Lease of 26,363 rentable sq ft on 60th floor of One Vanderbilt Avenue, New York, NY for new corporate headquarters.
- Initial term from September 24, 2021 through March 31, 2038; fixed annual rent of $3,954,450 payable monthly starting March 2023.
- Rent escalates ~6.7% in March 2028 and ~6.3% in March 2033; plus operating expenses, utilities, and taxes.
- Rent abated through March 2023; security deposit, tenant improvement allowance, and standard lease provisions included.
- No material relationship between UiPath or affiliates and landlord One Vanderbilt Owner LLC beyond the lease.