Revolut Inks Full-Floor Lease for Manhattan HQ

76 Trinity Place came online in 2022. Image courtesy of CommercialEdge

U.K.-based fintech giant Revolut will relocate its U.S. headquarters to 107 Greenwich St., where it signed a 10,108-square-foot leasing agreement with landlord Trinity Church Wall Street. The deal was brokered by JLL, which represented both parties.

The tenant previously operated out of a coworking space at 53 Beach St. in Downtown Manhattan—operated by WeWork—and will occupy the entire 20th floor at the new Financial District location. Revolut will move in the fully built-out and furnished space in November.

Completed in 2022, the LEED Gold-certified building rises 26 floors and spans 317,288 square feet, according to CommercialEdge data. Rentable office space at the property totals 130,000 square feet on floors 14 through 26. Also known by its 76 Trinity Place address, the building is near West Street and within walking distance of the Rector Street and Wall Street subway stations.

The first five floors encompass community amenities such as a full-court gymnasium, teaching kitchen, art studios, meeting rooms and an event hall. Floors six through 12 are occupied by the owner. Other tenants at the property include SI Engineering, which occupies the entire 19th floor, as well as Atomic Invest on the 21st floor.

Manhattan’s slow office market

JLL Executive Managing Director John Wheeler and Managing Director Andrew Coe, along with Associate Margaux Kelleher lead are in charge of leasing at 107 Greenwich St. In this agreement, the tenant was represented by the brokerage’s Executive Vice President Will McGarry and Vice President Calum Waddell, along with Associate Vice President Hale King and Managing Director Val Stobetsky.

As of August, Manhattan was still the most expensive office market in the U.S., with an average listing rate of $69.6 per square foot, marking a 1.9 percent drop on a year-over-year basis, a recent CommercialEdge report shows. The borough’s vacancy rate clocked in at 17.3 percent, 200 basis points below the national average, according to the same source.