{"id":122922,"date":"2026-02-04T18:54:08","date_gmt":"2026-02-04T18:54:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/122922\/"},"modified":"2026-02-04T18:54:08","modified_gmt":"2026-02-04T18:54:08","slug":"jp-morgan-chase-expands-by-139k-sf-at-five-manhattan-west-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/122922\/","title":{"rendered":"JP Morgan Chase Expands by 139K SF at Five Manhattan West \u2013 Commercial Observer"},"content":{"rendered":"

Despite opening a 2.5 million-square-foot office tower at 270 Park Avenue in October<\/a>, J.P. Morgan Chase<\/a> has expanded by 139,332 square feet Brookfield Properties<\/a>\u2018 Five Manhattan West.<\/p>\n

With the expansion, the bank brought its total square footage at Five Manhattan West to roughly 565,000 square feet during the fourth quarter of 2025, according to a Colliers office report<\/a>. Brookfield confirmed the size of the expansion Wednesday.<\/p>\n

SEE ALSO: Medical Provider MDVIP Moving HQ in Boca After Signing 49K-SF Deal<\/a><\/p>\n

J.P. Morgan Chase did not immediately respond to a request for comment, and it is unclear why the Jamie Dimon-led firm is taking office space in other buildings so soon after opening its mega office headquarters at 270 Park. The bank also completed a 60,000-square-foot expansion to 496,905 square feet L&L Holding Company<\/a>\u2019s 390 Madison Avenue in December<\/a>.<\/p>\n

Brookfield and J.P. Morgan Chase did not immediately provide the names of the brokers on the deal, the asking rent or the length of the expansion deal.<\/p>\n

The average office asking rent in Midtown was $84.24 per square foot during the fourth quarter of 2025, according to a report from CBRE<\/a>.<\/p>\n

J.P. Morgan Chase cut the ribbon on its new $4 billion, 60-story office tower designed by renowned architect Norman Foster in the closing months of 2025 with the expectation that 10,000 workers would occupy the building on a regular workday. It is assumed that the additional office space the bank is taking will accommodate the balance of the firm\u2019s 24,000 employees in New York City.<\/p>\n

The Oct. 21 ribbon cutting ceremony on the bronze-clad office tower was attended by top leaders in New York City, including Gov. Kathy Hochul.<\/p>\n

Mark Hallum can be reached at mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Despite opening a 2.5 million-square-foot office tower at 270 Park Avenue in October, J.P. Morgan Chase has expanded…\n","protected":false},"author":2,"featured_media":122923,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[9531,33955,53729,2375,2361,75,84,83,9,24,53730,63,2362],"class_list":["post-122922","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-270-park-avenue","tag-390-madison-avenue","tag-five-manhattan-west","tag-jamie-dimon","tag-leases","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-norman-foster-channel","tag-nyc","tag-office-leases"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/122922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=122922"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/122922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/122923"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=122922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=122922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=122922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}