Prepared by the Richard Plehn team
Welcome to the March 23 edition of our newsletter, where we cover the latest leasing activity, development updates, and key market signals shaping New York City’s commercial real estate landscape. From notable office transactions to projects advancing across the boroughs, this issue provides a clear snapshot of the trends defining the market this month.
Also new on the website: our Move-in Checklist for Commercial Office Relocation —a comprehensive guide to help streamline your transition into a new office space.
Follow Richard Plehn on socials
The Real Deal
Bank of America Expands at Namesake Tower in Midtown – TRD
BXP Fills Out Roster at 360 Park Avenue South – TRD
Jeff Gural’s GFP Real Estate In Talks For Chrysler Building – TRD
Industrious Increasing to Nearly Half of Kato’s Tower 49 – TRD
No Vacancy: Park Avenue Fills Up As Office Tenants Snag Every Square Foot – TRD
New York City’s Top Construction Permits of the Week: March 13, 2026 – TRD
Bisnow
Industrious Expands To 292K SF At Former WeWork HQ: The N.Y. Deal Sheet (March 17, 2026) – Bisnow
Meta Inks Lease For 5-Story Flagship Store On Fifth Avenue – Bisnow
The Commercial Observer
Market Insights Firm Optiver Expands by 92K SF at BXP’s 360 Park Avenue South – Commercial Observer
Industrious Balloons to 292K SF at Kato International’s Tower 49 – Commercial Observer
Bank of America to Grow Footprint to 2.4M SF at One Bryant Park – Commercial Observer
Ford Models Inks 12K-SF Office Lease at 36 East 31st Street – Commercial Observer
Chelsea Lighting Expands HQ to 14K SF at 14 Penn Plaza – Commercial Observer
Berkshire Blanket & Home Renews 10K-SF Office at 60 Madison Avenue – Commercial Observer
Industrious to Open Three More Locations in Manhattan – Commercial Observer
Career Development Firm Fedcap Signs 38K-SF Lease at 39 Broadway – Commercial Observer
Crain´s New York
Bank of America plots Manhattan expansion – Crain’s New York Business
Wolfson family has challenges refinancing downtown towers – Crain’s New York Business
Facebook parent signs lease for Midtown Meta Lab store – Crain’s New York Business
Ex-Tri State Commercial Realty exec inks lease for new firm – Crain’s New York Business
SL Green and partners collect big payout at 1 Madison – Crain’s New York Business
New York Business Journal
Industrious Tower 49 expansion will be largest flex office space – New York Business Journal
Spec suite programs; life sciences ecosystem; leadership lessons – New York Business Journal
BXP’s 360 Park Ave. S. reaches 90% occupancy with 6 new leases – New York Business Journal
Bank of America expands to 2.4M sq ft at One Bryant Park – New York Business Journal
SL Green sells 7 Dey St. residential tower for $222.6M – New York Business Journal
Fedcap moves headquarters to 39 Broadway in Lower Manhattan – New York Business Journal
New York Post
NYC’s office market rebounding from weak February behind jumbo deals – NY Post
BXP signs tenants at 360 Park Ave. South – NY Post
New York YIMBY
Henry Hall Sells For $129 Million At 515 West 38th Street In Hudson Yards
Permits Filed for 515 West 27th Street in Chelsea, Manhattan – New York YIMBY
LPC To Review Proposal For 27 East 4th Street In NoHo, Manhattan
The Village West Wraps Up Construction at 525 Sixth Avenue in Manhattan’s West Village – New York YIMBY
Permits Filed for 249 West Broadway in Tribeca, Manhattan – New York YIMBY
1578 Lexington Avenue Rises Above Street Level in East Harlem, Manhattan – New York YIMBY
