{"id":1004783220,"date":"2026-01-08T04:21:22","date_gmt":"2026-01-08T12:21:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004783220"},"modified":"2026-01-08T05:54:42","modified_gmt":"2026-01-08T13:54:42","slug":"bxp-lands-275-ksf-office-lease-in-manhattan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bxp-lands-275-ksf-office-lease-in-manhattan\/","title":{"rendered":"BXP Lands 275 KSF Office Lease in Manhattan"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a32ea6e96fd1&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"783\" height=\"620\" data-attachment-id=\"1004781858\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-office-developments-returning-to-the-top-tier\/343-madison-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/343-Madison-Ave.jpg\" data-orig-size=\"783,620\" 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=\"343 Madison Ave.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;BXP&#8217;s 343 Madison Ave. broke ground last July. Rendering courtesy of BXP&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/343-Madison-Ave.jpg?w=783\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/343-Madison-Ave.jpg?w=783\" alt=\"Rendering of 343 Madison Ave., which broke ground last July\" class=\"wp-image-1004781858\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/343-Madison-Ave.jpg 783w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/343-Madison-Ave.jpg?resize=300,238 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/343-Madison-Ave.jpg?resize=768,608 768w\" sizes=\"auto, (max-width: 783px) 100vw, 783px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">343 Madison Ave. will rise 46 stories near Manhattan&#8217;s Grand Central Terminal. <em>Image courtesy of BXP<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>BXP has signed investment and insurance firm Starr to a 275,000-square-foot, 20-year lease at 343 Madison Ave., an office skyscraper currently under construction in the New York City borough of Manhattan, near Grand Central Terminal.<\/p>\n\n\n\n<p>Starr will move its New York City headquarters to the 46-story skyscraper and lease almost one-third of the building, occupying floors 16 through 27. The firm\u2019s base is currently located at BXP\u2019s 399 Park Ave. In May 2025, Starr also signed a 49,000-square-foot lease at <a href=\"https:\/\/www.commercialsearch.com\/news\/silverstein-signs-50-ksf-manhattan-tenant\/\">1117 Avenue of the Americas<\/a>, occupying two floors of the 47-story tower.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/how-office-developments-returning-to-the-top-tier\/\">How Office Development&#8217;s Returning to the Top Tier<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Expected to open in late 2029, <a href=\"https:\/\/www.commercialsearch.com\/news\/bxp-unveils-nyc-skyscraper-design-selects-leasing-agent\/\">343 Madison Ave will comprise<\/a> 930,000 square feet and is slated to offer direct access to Grand Central\u2019s Madison Concourse. At the top, plans call for a double-height club floor with dining options and an outdoor terrace. Other amenities are set to include a cafe in the lobby and bicycle storage with cabanas and showers.<\/p>\n\n\n\n<p>Designed by Kohn Pedersen Fox, 343 Madison Ave. will include a host of sustainable features. The developer is targeting LEED Platinum, Well Core, Energy Star 85+, Fitwel and WiredScore Platinum certifications.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield Executive Directors John Picco and Peter Van Duyne, along with Director Alex Lachmund, represented Starr in the transaction. BXP was represented by CBRE Vice Chairmen Peter Turchin and John Maher, Executive Vice President Evan Haskell and Senior Vice President Caroline Merck.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-manhattan-s-office-sector-continues-to-shine\">Manhattan\u2019s office sector continues to shine<\/h2>\n\n\n\n<p>While many U.S. metros continue to face high vacancies and a slowdown in absorption, Manhattan continues to defy national <a href=\"https:\/\/www.commercialsearch.com\/news\/office-industry-trends\/\">office industry trends<\/a>.<\/p>\n\n\n\n<p>As of November 2025, the borough\u2019s office vacancy rate stood at 13.4 percent, representing a 310-basis-point year-over-year decline, according to <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-construction-falls-to-historic-lows-pricing-reached-bottom\/\">a recent report<\/a>. The national average vacancy rate was 18.5 percent as of November. Asking rates for Manhattan office space\u00a0averaged $68.36 per square foot, well above the national average of $32.77 per square foot.<\/p>\n\n\n\n<p>One major leasing deal in the borough came in December 2025, when <a href=\"https:\/\/www.commercialsearch.com\/news\/moodys-eyes-new-global-hq\/\">Moody\u2019s announced<\/a> it would relocate its global headquarters to 200 Liberty St. at Brookfield Place, signing a 460,000-square-foot lease with Brookfield Properties. The firm will move into the tower in 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An investment and insurance firm will relocate to the future skyscraper.<\/p>\n","protected":false},"author":3810,"featured_media":1004781858,"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":[52299,32789,32799],"class_list":["post-1004783220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-bxp","tag-cbre","tag-cushman-wakefield"],"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>BXP Lands 275 KSF Office Lease in Manhattan - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"BXP has signed investment and insurance firm Starr to a 275,000-square-foot, 20-year lease at 343 Madison Ave. in Manhattan.\" \/>\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\/bxp-lands-275-ksf-office-lease-in-manhattan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BXP Lands 275 KSF Office Lease in Manhattan\" \/>\n<meta property=\"og:description\" content=\"BXP has signed investment and insurance firm Starr to a 275,000-square-foot, 20-year lease at 343 Madison Ave. in Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bxp-lands-275-ksf-office-lease-in-manhattan\/\" \/>\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=\"2026-01-08T12:21:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-08T13:54:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/343-Madison-Ave.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"783\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew Kaufman\" \/>\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\/bxp-lands-275-ksf-office-lease-in-manhattan\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bxp-lands-275-ksf-office-lease-in-manhattan\/\",\"name\":\"BXP Lands 275 KSF Office Lease in Manhattan - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bxp-lands-275-ksf-office-lease-in-manhattan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bxp-lands-275-ksf-office-lease-in-manhattan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/343-Madison-Ave.jpg\",\"datePublished\":\"2026-01-08T12:21:22+00:00\",\"dateModified\":\"2026-01-08T13:54:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/63cac94132ceff8b31d189996459d345\"},\"description\":\"BXP has signed investment and insurance firm Starr to a 275,000-square-foot, 20-year lease at 343 Madison Ave. in Manhattan.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bxp-lands-275-ksf-office-lease-in-manhattan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bxp-lands-275-ksf-office-lease-in-manhattan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bxp-lands-275-ksf-office-lease-in-manhattan\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/343-Madison-Ave.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/343-Madison-Ave.jpg\",\"width\":783,\"height\":620,\"caption\":\"BXP's 343 Madison Ave. broke ground last July. 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