Prepared by the Richard Plehn team
Welcome to this week’s edition of the newsletter, where we highlight the latest leasing activity, development updates, and market signals shaping New York City’s commercial real estate landscape. From notable office transactions to projects moving forward across the boroughs, this issue provides a snapshot of the deals and trends defining the market as we begin March.
Also new on the website: Market Report Q4 2025 — Midtown South, offering a deeper dive into office leasing trends from the latest quarter.
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The Real Deal
SL Green Realty Eyes $360 Million For 1350 Sixth Avenue – TRD
RXR Lands $475M Debt Package or 61 Broadway Conversion – TRD
Snowflake Snags 83K SF at 7 Times Square – TRD
Latham & Watkins Expands at 1285 Sixth Avenue – TRD
After Hot Streak, Manhattan Office Market Takes Breather – TRD
NYC Top Office Leases February 2026 – TRD
SL Green, Jeff Sutton Sell 690 Madison for $55M – TRD
NYC’s Top Construction Permits of the Week: Feb. 27, 2026 – TRD
Metropole’s 681 Fifth Ave Sells for $100K – TRD
Uber Expands Again at Silverstein’s 3 WTC – TRD
Bisnow
Swiss Luxury Brand Buys 690 Madison From SL Green, Jeff Sutton: The N.Y. Deal Sheet (March 3, 2026) – Bisnow
Amazon Plans To Shave Millions Of Square Feet Off Its Office Footprint – Bisnow
Coinbase To Expand NYC Office Into 1,000-Worker Research Hub – Bisnow
The Commercial Observer
Primary Ventures, Sigma Computing Each Sign 26K-SF Leases at 386 Park Avenue South – Commercial Observer
Hedge Fund SummitTX Capital Moves to 18K SF at Rudin’s 560 Lexington Avenue – Commercial Observer
Manhattan’s Office Availability Rate Increases for First Time in Two Years – Commercial Observer
Private Jet Startup Bond Aviation Signs 5K-SF Lease in Meatpacking District – Commercial Observer
Law Firm Latham & Watkins Grows by 131K SF at 1285 Avenue of the Americas – Commercial Observer
Data Platform Snowflake Takes 83K SF at BXP’s 7 Times Square – Commercial Observer
Pandora Jewelry, Woori Bank Ink Deals at 1540 Broadway – Commercial Observer
REIT Chimera Investment Signs 22K-SF Lease at 1 Rockefeller Plaza – Commercial Observer
Steadfast Financial Signs 22K-SF Lease at SL Green’s 450 Park Avenue – Commercial Observer
Ad Firm MiQ Signs for Larger Space at Feil’s 261 Fifth Avenue – Commercial Observer
Loan Sale Platform mTrade, Nonprofit LeverageEd Sign Leases at 20 West 55th Street – Commercial Observer
Uber to Expand by 86K SF at 3 World Trade Center – Commercial Observer
Marketing Company Networx Systems Takes 6K SF at 1040 Avenue of the Americas – Commercial Observer
Manhattan Community Board 4 Moves Offices to 630 Ninth Avenue – Commercial Observer
South Korean Government Signs 43K-SF Lease at 445 Park Avenue – Commercial Observer
Zoller Equity Partners Signs 9K-SF Lease at 600 Lexington Avenue – Commercial Observer
Crain´s New York
Snowflake’s 83K Midtown office lease a rare bright spot for office market in February | Crain’s New York Business
Historic 681 Fifth Ave. tower sold to lender for nominal sum at auction | Crain’s New York Business
Investors value Manhattan office real estate for less than in 2020 amid AI anxiety | Crain’s New York Business
Buena Vista Restaurant & Bar to open East Village location | Crain’s New York Business
New York Business Journal
Amex’s Two World Trade Center plans are a psychological coup for Downtown
Office space needs, central business districts driving real estate decisions – New York Business Journal
Snowflake to move NYC office to 7 Times Square – New York Business Journal
Industrious to open The Parlor at 190 Bowery in Nolita – New York Business Journal
Chimera Investment expands at Rockefeller Plaza – New York Business Journal
Coinbase to add 630 jobs, invest $750M in NYC R&D – New York Business Journal
Amazon plans to cut its office vacancies by 8% this year – New York Business Journal
New York Post
Times Square skyscraper full of amenities hits 50% occupancy after landing two big tenants – NY Post
Amex’s Two World Trade Center plans are a psychological coup for Downtown – NY Post
