SL Green Signs 925,000 Square Foot Renewal And Expansion Lease With Bloomberg, Including 11-Year Lease Extension And 175,841 Square Foot Expansion
Portfolio Pulse from Benzinga Newsdesk
SL Green Realty Corp. has signed a significant lease renewal and expansion with Bloomberg, covering 925,000 square feet. This includes an 11-year lease extension and a 175,841 square foot expansion, indicating strong leasing momentum for 2024 and a projected increase in Manhattan office occupancy to 92.5% by year-end.
October 16, 2024 | 8:10 pm
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SL Green Realty Corp. has secured a major lease renewal and expansion with Bloomberg, covering 925,000 square feet. This deal includes an 11-year lease extension and a 175,841 square foot expansion, reflecting strong leasing momentum and a positive outlook for Manhattan office occupancy.
The lease renewal and expansion with Bloomberg is a significant deal for SL Green, indicating strong demand for their properties and a positive outlook for Manhattan office occupancy. This is likely to boost investor confidence and positively impact SLG's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100