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SL Green Office Leasing Volume Exceeds 1.9 Million Square Feet
Globenewswireยท 2025-10-15 20:25
Core Insights - SL Green Realty Corp. has signed office leases totaling 1,924,364 square feet in Manhattan for 2025, with a current pipeline exceeding 1.0 million square feet, indicating strong tenant demand and rising rents in the market [1][2] Group 1: Company Performance - SL Green Realty Corp. is Manhattan's largest office landlord, holding interests in 53 buildings totaling 30.7 million square feet as of September 30, 2025, including 27.1 million square feet of Manhattan buildings [2] - The occupancy rate at One Madison Avenue has increased to 91.2% due to recent lease agreements [4] Group 2: Notable Leases - Harvey AI Corporation signed a 10-year lease for 92,663 square feet at One Madison Avenue, contributing to the increased occupancy [4] - A financial services company also signed a 10-year expansion lease for 92,663 square feet on the fifth floor of One Madison Avenue [4] - Sigma Computing, Inc. signed an 11-year lease for 64,077 square feet on a portion of the third floor at One Madison Avenue [4] - The NYS Office of General Services signed a 15-year expansion lease for 66,106 square feet at 919 Third Avenue, increasing its total commitment to 117,390 square feet [4] - Teneo Holdings LLC renewed its lease for 46,551 square feet at 280 Park Avenue for 10 years [4] - Sagard Capital Partners Management Corp. signed a 10-year renewal and expansion lease for 40,516 square feet at 280 Park Avenue [4]