{"id":1004768235,"date":"2025-08-12T05:32:58","date_gmt":"2025-08-12T13:32:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004768235"},"modified":"2025-08-12T05:33:00","modified_gmt":"2025-08-12T13:33:00","slug":"swedish-institute-expands-manhattan-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/swedish-institute-expands-manhattan-footprint\/","title":{"rendered":"Swedish Institute Expands Manhattan Footprint"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/151-W-26th-Street-in-Manhattan.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"962\" height=\"722\" data-attachment-id=\"1004768237\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/151-w-26th-street-in-manhattan-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/151-W-26th-Street-in-Manhattan-edited.jpg\" data-orig-size=\"962,722\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"151 W 26th Street in Manhattan\" data-image-description=\"&lt;p&gt;Image included in press release from Koeppel Rosen LLC.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Exterior shot of 151 W 26th St., courtesy of Koeppel Rosen LLC.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/151-W-26th-Street-in-Manhattan-edited.jpg?w=962\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/151-W-26th-Street-in-Manhattan-edited.jpg\" alt=\"Exterior shot of 151 W 26th St., a 12-story historical office building in Manhattan.\" class=\"wp-image-1004768237\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/151-W-26th-Street-in-Manhattan-edited.jpg 962w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/151-W-26th-Street-in-Manhattan-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/151-W-26th-Street-in-Manhattan-edited.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 962px) 100vw, 962px\" \/><\/a><figcaption class=\"wp-element-caption\">The 197,336-square-foot office building on 26th Street features floorplates averaging 17,610 square feet. <em>Image courtesy of Koeppel Rosen LLC<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Swedish Institute Inc. has signed a 17,610-square-foot lease at Rosen Equities\u2019 151 W 26th St., a 197,336-square-foot office property in Manhattan, N.Y. Additionally, the tenant also signed a 10-year extension lease for its existing 40,068-square-foot at the office building, which brings its total footprint to 57,678 square feet.<\/p>\n\n\n\n<p>Koeppel Rosen LLC arranged the lease signings on behalf of the ownership, while Cushman &amp; Wakefield represented the tenant in the transaction.<\/p>\n\n\n\n<p>The educational institute had previously occupied 35,220 square feet at the office building, as well as 4,848 square feet of retail space, across three non-consecutive floors. The new 17,610-square-foot lease comprises the entire third floor.<\/p>\n\n\n\n<p>June saw Manhattan&#8217;s office listing rates drop to an average of $67.97 per square foot, down 4.7 percent year-over-year, according to the <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-maturities-rise-as-vacancies-intensify\/\">latest Yardi Matrix office report<\/a>. Though the national vacancy continues to remain flat month-over-month at 19.4 percent, the borough shows signs of improvement, with a vacancy rate of 15.2 percent, reflecting a 130-basis-point decrease compared to the same period last year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-mid-rise-chelsea-building\">A mid-rise Chelsea building<\/h2>\n\n\n\n<p>Completed in 1912 and designed by architectural firm Schwartz &amp; Gross &amp; B.N. Marcus, the property rises 12 stories between Sixth and Seventh Avenues. The mid-rise features average floorplates of 17,610 square feet, as well as 14,850 square feet of retail space, Yardi Research Data shows. <\/p>\n\n\n\n<p>Amenities at the Energy Star-certified office building include 24\/7 building access, freight and passenger elevator cabs, as well as an\u00a0attended lobby.\u00a0Goods &amp; Services, LLC,\u00a0Social Code LLC, and\u00a0CTA Architects P.C. are some of the tenants at the property.<\/p>\n\n\n\n<p>Situated in Manhattan\u2019s Chelsea neighborhood, 151 W 26th St. is near the metro station on 28th Street, on lines 1 and 2. Additionally, the historical mid-rise is equidistant between the Empire State Building and the Flatiron Building, less than 1 mile away.<\/p>\n\n\n\n<p>Koeppel Rosen LLC Director Max Koeppel represented Rosen Equities in both lease deals, while Cushman &amp; Wakefield Executive Vice Chairman Mark S. Weiss worked on behalf of Swedish Institute Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tenant&#8217;s total commitment at the Midtown property now exceeds 57,000 square feet.<\/p>\n","protected":false},"author":3619,"featured_media":1004768237,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[34908,52485],"class_list":["post-1004768235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-cushman-wakefeld","tag-rosen-equities"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Swedish Institute Expands Manhattan Footprint - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Swedish Institute Inc. signed a new 17,610-square-foot lease at 151 W 26th St. and extended its lease for the existing 40,068 square feet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/swedish-institute-expands-manhattan-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swedish Institute Expands Manhattan Footprint\" \/>\n<meta property=\"og:description\" content=\"Swedish Institute Inc. signed a new 17,610-square-foot lease at 151 W 26th St. and extended its lease for the existing 40,068 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/swedish-institute-expands-manhattan-footprint\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-12T13:32:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-12T13:33:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/151-W-26th-Street-in-Manhattan-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"962\" \/>\n\t<meta property=\"og:image:height\" content=\"722\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/swedish-institute-expands-manhattan-footprint\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/swedish-institute-expands-manhattan-footprint\/\",\"name\":\"Swedish Institute Expands Manhattan Footprint - 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