Manhattan’s workplace market stays tied to legislation companies’ presence, as evidenced by a pair of expansions in latest weeks.
Regulation companies Willkie Farr & Gallagher and Kirkland & Ellis each grew their Manhattan footprints by greater than 50,000 sq. ft apiece. The leases had been each disclosed in a latest first-quarter workplace report revealed by Savills.
Willkie Farr elevated by 53,000 sq. ft at CommonWealth Companions’ 787 Seventh Avenue in Midtown Manhattan, the Business Observer reported. The agency’s occupancy of the property jumped from 315,000 sq. ft to 368,000 sq. ft.
The legislation agency renewed the lease of its headquarters on the property lower than two years in the past. The size and asking lease hooked up to the growth weren’t disclosed.
Newmark’s Neil Goldmacher and Brian Goldman represented the tenant within the deal. Different tenants on the constructing embrace legislation agency Sidley Austin, which grew by 52,000 sq. ft on the constructing late final yr.
In the meantime, Chicago-based Kirkland added 52,000 sq. ft to its Midtown East property at 900 Third Avenue, based on the Observer. The 36-story constructing is owned by Elecor Properties, the agency previously generally known as Paramount Group earlier than it was acquired by Michael Nierenberg’s Rithm Capital.
Kirkland leased 131,000 sq. ft on the property final April, shortly selecting to broaden to 257,000 sq. ft. With its newest lease, Kirkland will occupy greater than 309,000 sq. ft on the property. Kirkland additionally has 520,000 sq. ft close by at BXP’s 601 Lexington Avenue.
The size and asking lease hooked up to the growth weren’t disclosed in that deal, both. CBRE’s Ken Rapp and Andrew Sussman, whereas a Cushman & Wakefield leasing staff led by John Cefaly represented the owner.
Main legislation companies dedicated to 1.9 million sq. ft of Manhattan workplace leasing within the first quarter of 2026, based on Savills; 70 % of these transactions had been both renewals or expansions.
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