2025 Office-Lease Market: Major Deals & Emerging Trends

The 2025 Office-Lease Market has come roaring back to life, with a wave of headline-making deals reshaping skylines across Manhattan and beyond. From tech giants like Amazon and Deloitte locking in hundreds of thousands of square feet, to boutique law firms, nonprofits, and creative startups carving out strategic footholds in key submarkets, the year so far has been defined by bold commitments, strategic renewals, and sector-specific growth. Whether it’s Midtown’s trophy towers, Brooklyn’s rising design hubs, or federal repositioning in Washington D.C., this year’s leasing activity signals renewed confidence, shifting priorities, and a rapidly evolving post-pandemic office landscape.

The office-lease landscape in 2025 is marked by robust activity across sectors—from big tech expansions to law-firm renewals and strategic relocations. Here’s a deep dive into the most significant lease deals of the year so far:

🔹 Tech, Finance & Corporate Expansion

• Amazon grows its presence in Miami with a 75,000 SF lease at Wynwood Plaza, and inked a massive 330,000 SF deal at 10 Bryant Park in NYC.
• Google is negotiating a sublease for 165,000 SF at 345 Hudson Street, indicating ongoing expansion moves .
• Deloitte secured a major new lease, committing to 800,000 SF at 70 Hudson Yards.
• Uber doubled its footprint in Miami, though specific square footage was not disclosed .
• Office giant WeWork signed its first post‑bankruptcy lease in NYC: 60,000 SF at 250 Broadway .

🔹 Legal & Financial Services Movements

• Paul, Weiss expanded to occupy 850,000 SF at 1345 Avenue of the Americas .
• Sumitomo Mitsui Banking Corporation took on an additional 50,000 SF at 277 Park Avenue .
• Notable renewals include Invesco (200,000 SF) at Brookfield Place and Chubb (240,000 SF) at 550 Madison Avenue.

🔹 Creative & Co-Working Space Deals

• Crypto-focused Variant locked in 7,000 SF at 75 Spring Street in SoHo.
• Ambient and various coworking operators continue to shape leasing dynamics with smaller, flexible leases across New York.

🔹 2025 Office-Lease Market Trends & Insights

• Midtown Manhattan remains resilient: robust leasing activity in class‑A towers, especially at trophy addresses.
• Suburban growth: expansions in NoVA, Baltimore, Miami, and L.A. highlight continued demand outside of NYC’s core.
• Office-to-residential conversions persist—25 Water Street transformed to housing, shrinking office inventory downtown.
• Rising interest rates are shaping landlords’ strategies and deal structures, even amid strong leasing activity .

🚀 What This Means for the CRE Market

1. Tech & finance engines are making bold real estate statements—Amazon, Google, Deloitte, and Uber are doubling down on physical space.
2. Core markets remain strong, with Midtown trophy buildings seeing steady demand. Lower Manhattan and suburban areas are gaining momentum.
3. Leases mirror specialization: big law, banking, and crypto firms continue driving large deals or niche space rentals.
4. Investors & landlords must balance rising costs and capital scrutiny—leasing volume is high, but financing constraints remain.

🔍 Inside the Deals: At-A-Glance Table

🏢 2025 Office Lease Deals (So Far)

📍 New York City – 2025 Office-Lease Market

Midtown Manhattan & Central

• Bramshill Investments – 7,000 SF lease at 45 East 53rd Street
• Spirit Lab – opens second Midtown yoga studio in 54 W 39th St
• Pinterest – an 83,000 SF lease at 11 Madison Avenue
• Monroe Capital – expands by 15,000 SF at 320 Park Avenue
• LEK Consulting – onboards 54,000 SF at 1166 Avenue of the Americas
• Warren Equity Partners – relocates HQ in 24,000 SF at 11 East 26th Street
• Attorney Gretchen Schumann – occupies 4,000 SF at Feil’s 570 Lexington
• TickPick – 17,000 SF lease at Vornado’s One Penn Plaza
• United Nations – renews 425,000 SF lease at 2 U.N. Plaza
• Tech Firm Bastion – subleases 4,000 SF at 216 Bowery Street
• REIT Macerich – takes 12,000 SF at 825 Third Avenue
• Jewish Broadcasting Service – extends 4,000 SF lease at 1560 Broadway
• CRE Firm Surmount – 30,000 SF lease at 1185 Avenue of the Americas
• NY Cancer & Blood Specialists – leases at 210 East 86th Street (size unspecified)
• Newmark – inks 5,000 SF lease at Baltimore Peninsula (MD)
• Two Tenants – sign a combined 14,000 SF lease at 60 Broad Street
• New York Cancer & Blood Specialists – 35,000 SF at 500 West 181st Street
• Legal Firm Wilson Daniels – 12,000 SF at 250 Park Avenue South
• Nonprofit Red Door Community – 9,000 SF at 114 West 26th Street
• AI Firm AlphaSense – relocates HQ to 441 Ninth Avenue (size not specified)
• JB&B (Consulting) – 68,000‑SF deal at 55 Water Street
• Foster Garvey (Law) – 11,000 SF at One Seaport Plaza
• One William Street (Investment) – expands to 45,000 SF at 299 Park Avenue
• Queen One (Tech) – 30,000 SF at 25 Kent Avenue, Brooklyn
• Architectural Flooring Resource – 9,000 SF at 114 West 26th Street
• Navillus Contracting – 5,000 SF at 1776 Broadway
• Elderserve Health – renews 15,000 SF at 1630 East 15th Street, Brooklyn
• Suvretta Capital Management – 12,000 SF at 11 East 26th Street
• Fox Rothschild (Law) – 75,000 SF at 101 Park Avenue
• Interplay (VC) – 5,000 SF at 363 Lafayette Street
• BNY Mellon – in talks to sublease 200,000 SF at 1 World Trade Center
• Attix (AI) – 19,000 SF at 73 Spring Street
• MIC Capital Partners – 36,000 SF at RFR’s 375 Park Avenue
• Optiver (Trading) – first NYC office, 23,000 SF at 360 Park Avenue South
• Industrious – 24,000 SF at 107 Greenwich Street
• Starr (Insurance) – 49,000 SF at 1177 Avenue of the Americas
• PwC – downsizing and moving to 23,000 SF at Baltimore Peninsula (MD)
• YipitData & Forrest Solutions – each leases 18,000 SF at 19 West 44th Street
• Hess Group – 20,000 SF at 9 West 57th Street
• Style Theory (rental) – 15,000 SF at 1441 Broadway
• Vanguard Construction – relocates 15,000 SF at 1430 Broadway
• EnVogue International – grows to 30,000 SF at 230 Fifth Avenue
• City National Bank of Florida – landmark 145,000 SF HQ deal in Coral Gables, FL
• Ogletree Deakins (Law) – 18,000 SF at Rockefeller Center
• Two Law Firms – renewals at Rudin’s One Battery Park Plaza
• PAW Patrol Creator – 132,000 SF in Playa Vista, CA
• Partiful & Bodyrok (Pilates) – deals at 397 Bridge Street, Brooklyn
• CFG Merchant Solutions – 21,000 SF at 32 Old Slip
• Iron Birch Advisors – 8,000 SF at 777 Third Avenue
• Goodwin Procter (Law) – 250,000 SF at 200 Fifth Avenue
• TileBar – 34,000 SF at 53 West 23rd Street
• Kirkland & Ellis (Law) – 131,000 SF at 900 Third Avenue
• Intuit (Fintech) – expands to 115,000 SF at 51 Astor Place
• Universal Music Group – 336,000 SF at Penn 2
• Webster Bank & Insurer Signers – deals at 360 Lexington Avenue
• Octus (Credit) – 43,000 SF at 295 Fifth Avenue
• Apollo Global Management – negotiating 100,000 SF at 590 Madison Avenue
• Coalition Space – 16,000 SF at 485 Madison Avenue
• Peregrine (Data) – 10,000 SF at 104 Fifth Avenue
• Pachulski Stang Ziehl & Jones (Law) – 14,000 SF at 1700 Broadway
• Faire (Wholesale) – 20,000 SF at 26 West 17th Street
• Geller (Consulting) – 45,000 SF at 99 Park Avenue
• Palm Bay International (Spirits) – 11,000 SF at 565 Fifth Avenue
• BuzzFeed – 42,000 SF HQ at 50 West 23rd Street
• Dorsey & Whitney (Law) – 41,000 SF at 1301 Avenue of the Americas
• Merch Maker – 5,000 SF renewal at 505 Eighth Avenue
• Plaid (Fintech) – 45,000 SF at 530 Broadway
• Posh (Events) – doubles to 22,000 SF at 40 Crosby Street
• Digital Asset (Fintech) – 12,000 SF at Trinity’s 107 Greenwich Street
• Onia (Swimwear) – 7,000 SF at 29 West 38th Street
• Parkinson’s Wellness Foundation – 7,000 SF at 133 East 58th Street
• Asian American Foundation – 7,000 SF at 322 Eighth Avenue
• H.W. Kaufman (Insurance) – 11,000 SF at 1177 Avenue of the Americas
• General Catalyst (VC) – 43,000 SF at 148 Lafayette Street
• Santander Bank – renews 192,000 SF at 437 Madison Avenue
• Law Firm Knobbe Martens – 27,000 SF takeover at 1745 Broadway
• Accrete (AI) – 14,000 SF at RFR’s 17 State Street
• Architecture & Design Firm FCA – 6,000 SF at 261 Fifth Avenue
• Forte Capital & ACI – leasing at One Seaport Plaza
• Concertiv (Vendor Manager) – 11,000 SF at 180 Madison Avenue
• NYU Langone – 21,000 SF at 645 Madison Avenue
• NYC Housing Preservation and Development – 22,000 SF at 215 West 125th Street
• U.N. Plaza getting a $500M revamp (contextual insight)
• A&E Networks – renewal of 152,000 SF at 227 East 45th Street
• GoldenTree (Investment) – 60,000 SF at BXP’s GM Building, 767 Fifth Avenue
• Greystone – 8,000 SF at 499 Seventh Avenue
• Mayer Brown (Law) – expands to 331,000 SF at 1221 Avenue of the Americas
• Manhattan office leasing surged to 3.6 million SF in January (CBRE report)
• Nicholas & Lence – renews 4,000 SF at 28 West 44th Street
• Kimelman & Baird – extends 5,000 SF at 800 Third Avenue
• SharkNinja – 14,000 SF at Rudin’s 41 Madison Avenue
• Two Trees’ Refinery Tower – ongoing leasing on the 12th floor
• New York Cancer & Blood Specialists – 35,000 SF at Radio Tower, Washington Heights
• Spectrum Reach – 56,000 SF at Rudin’s 3 Times Square
• Amazon – takes 50,000 SF at Wynwood (Miami), not NYC
• Brookfield Place – Jane Street grows to nearly 1 million SF
• Capital One – expands by 97,000 SF at 114 Fifth Avenue
• Control Solutions Group – 20,000 SF at 14 Penn Plaza
• BasePoint – 20,000 SF at 75 Rockefeller Plaza
• Municipal Art Society – 7,000 SF at Trinity Centre
• WeWork & Amazon – WeWork takes 112,000 SF at Five Manhattan West for Amazon offices
• German American Chamber of Commerce – 11,000 SF at 120 Wall Street
• Cobalt Service Partners – 5,000 SF at 53 West 21st Street
• DXC Technology – 11,000 SF at Carnegie Hall Tower
• Blue Panda (Flex office) – 10,000 SF in Williamsburg
• K-12 Charter – 58,000 SF campus at 25 Chapel Street, Brooklyn
• Community Healthcare Network – 12,000 SF at 44 West 28th Street
• PatientPoint & Centric Brands – leased at 19 West 34th Street (size unspecified)
• Lever House – CBRE & Industrious take 64,000 SF at 390 Park Avenue
• Citadel – 504,000 SF at Brookfield’s 660 Fifth Avenue
• Impact.com & Peter Pennoyer Architects – renew 37,000 SF at 136 Madison Avenue
• Nonprofits – increased footprint downtown (Larry Getlen insight)

Brooklyn – 2025 Office-Lease Market

• United Cerebral Palsy – 8,000 SF at 906 East New York Avenue
• Cranial Technologies – 4,000 SF at 300 Huntington Street
• Sent (Messaging platform) – 4,600 SF in Chelsea
• Publicolor (Youth development) – renews at 20 West 36th Street
• Snøhetta (Design) – 25,000 SF in DUMBO, 55 Washington Street
• Rockella (Studio space) – 16,000 SF at 520 Eighth Avenue
• Muss’s Nonprofits – deals at 60 Bay Street, Staten Island

🏙️ Final Takeaways from halfway – 2025 Office-Lease Market

• In NYC, tech firms, law practices, and financial services dominate leasing activity—securing large footprints in both Midtown and emerging neighborhoods.
• Brooklyn and Staten Island are seeing notable deals in health, design, and nonprofits.
• Regional markets from Miami to L.A. to suburban NoVA reveal strong suburban and Sun Belt leasing growth.
• Federal downsizing and agency moves shape the Washington, D.C. market.
• Across the board, large transactions reflect both recovery in traditional office demand and transitions toward workspace flexibility.

Whether your company is exploring new space for the first time or rethinking a current lease, our team is here to help—on your terms, with no obligation and no fee to you. As tenant brokers, we represent your interests exclusively, offering expert guidance through every step of the leasing process—from touring properties to negotiating favorable terms. The 2025 market is full of opportunity, and when you’re ready to make your next move, we’ll be ready to secure the right space for your business.

Fill out our online form or give us a call today 212-967-2061 — let’s find the options for your business.

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