The restoration was a success both critically and commercially. The building was 80 percent occupied when bought in 1979 and rented for $5.50 per square foot ($59.20 per square meter). By 1982, it was 91 percent occupied and commanded rent of $9 per square foot ($96.89 per square meter). The Monadnock was selected as one of top restoration projects in the country by the National Trust for Historic Preservation in 1987, noting "the outstanding quality of the overall restoration effort", and the precision, detail and faithfulness of the interior restoration, in particular the lobby, which "serves as a model for preservation nationwide."