After closing on CB Richard Ellis’ 15-year renewal at the MetLife Building, Mitchell Rudin, president and CEO to the New York Tri-State Region, said that when negotiating the 125,771-square-foot space he practiced what he has preached to his clients.

“If you renew now, as you look back over time you’ll be happy,” Mr. Rudin said, “particularly with the lower rents in midtown and landlords who are willing to secure tenants.”