Law firms leased up another big chunk of the Big Apple last month, with three of the 10 largest office leases being inked by legal practices, including the very largest on the list. Those three leases total nearly half a million square feet. But what else was on the list? Read on to find out.
1) Morgan Lewis & Bockius | 1251 Sixth Avenue | Midtown West | 205K sf
The law firm signed a new lease in the Midtown West building. The deal marks a relocation of its NYC office from 101 Park Avenue, although it is not immediately clear when the tenant will move into its new digs. A team from Newmark represented the landlord, Mitsui Fudosan America.
2) Ramp | 28-40 West 23rd Street | Flatiron | 175K sf
The financial technology company inked a new expansion in the Flatiron building, for a second time this year. This third expansion brings its total footprint in the building to nearly half a million square feet. Ryan Alexander, Jared Isaacson and Jeff Frenkel of CBRE represented the tenant, while a five-member Colliers team including Michael T. Cohen and Andrew Roos represented the landlord, Williams Equities.
3) Seward & Kissel | 24 State Street | Financial District | 171K sf
The law firm renewed its lease in the Financial District building owned by Rudin Management and Allianz Real Estate for another 11 years. The law firm has held space in the building since 2011. A four-member CBRE team including Lewis Miller and Andrew Sussman represented the tenant, while Kevin Daly and Craig Panzirer of Rudin Management represented the landlord in-house.
4) Brex | 200 Varick Street | Soho | 94k s
The AI-powered financial technology platform inked a new lease in the Soho building. While the company is based in San Francisco, the new lease likely represents a relocation for its New York headquarters. The building is owned by GFP Real Estate.
5) Morgan & Morgan | 199 Water Street | Financial District | 71K sf
The personal injury law firm inked a new direct deal in the Financial District building where it has been subleasing space since 2023. A team from Cushman & Wakefield represented both the tenant and the landlord, Jack Resnick & Sons.
6) Databricks | 5 Bryant Park | Times Square | 65K sf
The data software company inked a new expansion in the Times Square building, doubling its square footage to 120,000. A five-member JLL team including Simon Landmann and Mitchell Konsker represented the tenant, while Brian Reiver of Savanna represented the landlord in-house, alongside a team from CBRE.
7) Industrial Color | 32 Sixth Avenue | Tribeca | 59K sf
The creative production company signed a 15-year lease renewal and expansion in the Tribeca building. Paul Ippolito and Kyle Wainwright of Newmark represented the tenant, while Robert Steinman and Craig Panzirer of Rudin represented the landlord in house.
8) World Economic Forum | 825 Third Avenue | Midtown East | 58K sf
The nonprofit organization inked a new 15-year lease in the Midtown East building. A four-member Newmark team including David Falk and Robert Silver represented the tenant, while Thomas Bow and Ashlea Aaron of The Durst Organization represented the landlord in house.
9) Qube | 70 Hudson Yards | Hudson Yards | 52K sf
The global investment manager signed a new lease in the planned Hudson Yards building, owned by Related Companies and Oxford Properties Group.
10) Perkins&Will | 135 West 18th Street | Chelsea | 51K sf
The architecture and design firm signed a new 15-year lease in the Chelsea building. Gerry Miovski and Masha Dudelzak of CBRE represented the tenant, while a four-member Newmark team including Neil Goldmacher and Howard Kesseler represented the landlord, PJ Mechanical.
