SL Green Realty signed 32 office leases in Manhattan, totaling 491,098 square feet, and holds a 1.0 million square foot pipeline.
Quiver AI Summary
SL Green Realty Corp., Manhattan’s largest office landlord, reported the signing of 32 office leases totaling 491,098 square feet in January and February 2026, with a robust pipeline exceeding 1 million square feet. Key agreements include a 10-year lease for 150,036 square feet by a global investment firm at 245 Park Avenue, and TD Securities expanding its lease to 181,447 square feet at 125 Park Avenue. Other notable leases were signed by One Main General Services Corp., McDermott, Will & Schulte, UHY Advisors Northeast, Inc., and Turner & Townsend. SL Green’s Executive Vice President, Steven Durels, highlighted strong tenant demand in prime locations, noting that as occupancy rises, so too do rents and reduced concessions.
Potential Positives
- SL Green Realty Corp. signed 32 office leases totaling 491,098 square feet in just the first two months of 2026, indicating strong tenant demand and active leasing activity.
- The company maintains a robust pipeline of more than 1.0 million square feet, suggesting continued growth potential in the near future.
- Notable leases include significant expansions by major tenants, such as a large global investment firm and TD Securities, which demonstrates the company’s ability to attract high-profile clients.
- Comments from SL Green's Executive Vice President highlight rising rents and tightening concessions, implying a favorable market condition for landlords in Midtown Manhattan.
Potential Negatives
- Although the company reported strong leasing activity, the overall vacancy rates in Midtown Manhattan remain a concern, which may affect long-term profitability.
- The mention of forward-looking statements includes significant disclaimers about risks and uncertainties, which could create unease among investors regarding the company's future performance.
- Despite leasing multiple properties, the press release does not address any market challenges or potential downturns in the commercial real estate sector, potentially leaving stakeholders uninformed about risks.
FAQ
What recent office leases has SL Green signed in Manhattan?
SL Green signed 32 office leases totaling 491,098 square feet in the first two months of 2026.
Which companies expanded their office space with SL Green in 2026?
Notable expansions include TD Securities and McDermott, Will & Schulte, among others.
How much office space does SL Green currently have in its pipeline?
SL Green maintains a current pipeline of more than 1.0 million square feet of office space.
What is the trend in tenant demand for office space in Manhattan?
Tenant demand remains strong, with rising rents and tightening concessions as market vacancy decreases.
How many buildings does SL Green Realty Corp. own?
As of December 31, 2025, SL Green holds interests in 56 buildings totaling 31.4 million square feet.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SLG Insider Trading Activity
$SLG insiders have traded $SLG stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $SLG stock by insiders over the last 6 months:
- MARC HOLLIDAY (PRESIDENT & CEO) sold 22,223 shares for an estimated $986,701
- ANDREW S LEVINE (CHIEF LEGAL OFFICER & GC) sold 1,493 shares for an estimated $67,588
- CAROL N BROWN sold 937 shares for an estimated $59,115
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SLG Revenue
$SLG had revenues of $244.8M in Q3 2025. This is an increase of 6.59% from the same period in the prior year.
You can track SLG financials on Quiver Quantitative's SLG stock page.
$SLG Hedge Fund Activity
We have seen 172 institutional investors add shares of $SLG stock to their portfolio, and 208 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- COHEN & STEERS, INC. added 2,652,341 shares (+inf%) to their portfolio in Q4 2025, for an estimated $121,662,881
- GOLDMAN SACHS GROUP INC added 1,117,357 shares (+62.0%) to their portfolio in Q4 2025, for an estimated $51,253,165
- WELLINGTON MANAGEMENT GROUP LLP removed 1,094,564 shares (-57.9%) from their portfolio in Q4 2025, for an estimated $50,207,650
- HUDSON BAY CAPITAL MANAGEMENT LP removed 952,491 shares (-65.2%) from their portfolio in Q4 2025, for an estimated $43,690,762
- M&T BANK CORP added 941,818 shares (+inf%) to their portfolio in Q4 2025, for an estimated $43,201,191
- VICTORY CAPITAL MANAGEMENT INC added 933,272 shares (+535.3%) to their portfolio in Q4 2025, for an estimated $42,809,186
- ENGINEERS GATE MANAGER LP added 836,044 shares (+17417.6%) to their portfolio in Q4 2025, for an estimated $38,349,338
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SLG Analyst Ratings
Wall Street analysts have issued reports on $SLG in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BTIG issued a "Buy" rating on 02/05/2026
- Scotiabank issued a "Sector Outperform" rating on 10/24/2025
- Jefferies issued a "Buy" rating on 10/13/2025
- Evercore ISI Group issued a "Outperform" rating on 09/15/2025
To track analyst ratings and price targets for $SLG, check out Quiver Quantitative's $SLG forecast page.
$SLG Price Targets
Multiple analysts have issued price targets for $SLG recently. We have seen 17 analysts offer price targets for $SLG in the last 6 months, with a median target of $54.0.
Here are some recent targets:
- Anthony Powell from Barclays set a target price of $43.0 on 02/26/2026
- Vikram Malhotra from Mizuho set a target price of $38.0 on 02/24/2026
- Caitlin Burrows from Goldman Sachs set a target price of $37.0 on 02/09/2026
- Thomas Catherwood from BTIG set a target price of $70.0 on 02/05/2026
- Nick Joseph from Citigroup set a target price of $55.0 on 02/04/2026
- Nicholas Yulico from Scotiabank set a target price of $61.0 on 01/14/2026
- Anthony Paolone from JP Morgan set a target price of $51.0 on 01/14/2026
Full Release
NEW YORK, March 02, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that the company has signed 32 Manhattan office leases totaling 491,098 square feet in just the first two months of 2026, while maintaining a current pipeline of more than 1.0 million square feet.
Notable leases signed year-to-date include:
-
A large global investment firm signed a new 10-year lease for 150,036 square feet on the entire 23
rd
through 26
th
floors at 245 Park Avenue. The lease represents expansion space for the tenant, which was represented by Evan Margolin, Joseph Messina, Gregory Lubar, Steve Spartin and Jessica Berkey at Jones Lang LaSalle. The landlord was represented by Bruce Mosler, Harry Blair, Ron LoRusso, Justin Royce and Pierce Hance of Cushman & Wakefield.
-
TD Securities signed a 10-year expansion lease for 51,081 square feet on the entire 21
st
and 22
nd
floors at 125 Park Avenue. This increases TD’s total commitment in the building to 181,447 square feet. The tenant was represented by Ryan Alexander, Matthew Saker and Nichole Marshall at CBRE. The landlord was represented by Brian Waterman, David Falk, Peter Shimkin and Daniel Levine of Newmark.
-
One Main General Services Corp signed a new 10-year lease for 38,037 square feet on the entire 35
th
and partial 36
th
floors at 1185 Avenue of the Americas. The tenant was represented by Matt Felice, Gilbert Ohls, Granson Graham of Jones Lang LaSalle. The landlord was represented by Brian Waterman, John Fanuzzi, Brent Ozarowski, David Waterman and Kevin Sullivan of Newmark.
-
McDermott, Will & Schulte signed a 16-year expansion lease for 29,734 square feet on the entire 48
th
floor at One Vanderbilt Avenue. This increases the tenant’s total commitment in the building to approximately 200,000 square feet. The landlord was represented by its in-house leasing team.
-
UHY Advisors Northeast, Inc. signed a new 11-year lease for 27,508 square feet on the entire 9th floor at 1185 Avenue of the Americas. The tenant was represented by Silvio Petrillo and Tamika Kramer of CBRE. The landlord was represented by Brian Waterman, John Fanuzzi, Brent Ozarowski, David Waterman and Kevin Sullivan of Newmark.
-
Turner & Townsend signed a new 12-year lease for 24,394 square feet on the entire 6th floor at 100 Park Avenue. The tenant was represented by Mary Ann Tighe, Stephen Enyon and Alessia Lawson of CBRE. The landlord was represented by Harry Blair, Barry Zeller, Justin Royce and Pierce Hance of Cushman & Wakefield.
“Tenant demand remains strong for the best buildings in the best locations as a majority of tenants continue to expand their office requirements,” said Steven Durels, SL Green’s Executive Vice President, Director of Leasing and Real Property . “Rents are rising and concessions are beginning to tighten as market vacancy moves lower across Midtown Manhattan.”
About SL Green Realty Corp.
SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of December 31, 2025, SL Green held interests in 56 buildings totaling 31.4 million square feet. This included ownership interests in 28.0 million square feet of Manhattan buildings and 2.7 million square feet securing debt and preferred equity investments.
Forward Looking Statement
This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including such matters as future capital expenditures, dividends and acquisitions (including the amount and nature thereof), development trends of the real estate industry and the New York metropolitan area markets, occupancy, business strategies, expansion and growth of our operations and other similar matters, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or the negative of these words, or other similar words or terms.
Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.
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