{"id":124004,"date":"2026-02-05T16:55:08","date_gmt":"2026-02-05T16:55:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/124004\/"},"modified":"2026-02-05T16:55:08","modified_gmt":"2026-02-05T16:55:08","slug":"jpmorgan-expands-at-brookfields-5-manhattan-west","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/124004\/","title":{"rendered":"JPMorgan Expands at Brookfield\u2019s 5 Manhattan West"},"content":{"rendered":"

Manhattan office landlords fearful of losing JPMorgan Chase leases to its debuting headquarters at 270 Park Avenue need not yet<\/a> worry.<\/p>\n

The bank expanded its presence at Brookfield\u2019s 5 Manhattan West by 139,000 square feet in the fourth quarter, according to the Commercial Observer<\/a>. The expansion, disclosed in a Colliers office report, brings JPMorgan\u2019s footprint at the Midtown West building to 565,000 square feet.<\/p>\n

Further details of the deal, including the length of the expansion and the asking rent, were not reported. But the average asking rent in Midtown in the fourth quarter was $84.24 per square foot, according to CBRE.<\/p>\n

JPMorgan also recently expanded<\/a> its footprint at L&L Holding Company\u2019s 390 Madison Avenue, adding 60,000 square feet to its office there. The bank occupies nearly 500,000 square feet at that property.<\/p>\n

The deals stand out when compared to the bank\u2019s recent opening of a 2.5 million-square-foot, Foster + Partners-designed tower at 270 Park Avenue. The headquarters is designed to accommodate roughly 10,000 of JPMorgan\u2019s 24,000 New York employees.<\/p>\n

Across the street from there is another building the bank owns, paving the path for what has been described<\/a> as a JPMorgan-centric neighborhood.\u00a0<\/p>\n

But JPMorgan isn\u2019t ready to consolidate to one office or one area of Manhattan yet. JPMorgan is undertaking a $1 billion renovation of 383 Madison Avenue, the former Bear Stearns building across the street from the headquarters it bought in 2008<\/a>.<\/p>\n

It also recently signed a multi-year renewal on its 270,000-square-foot lease at 237 Park Avenue<\/a>, a victory for co-owners RXR Realty and Walton Street Capital.<\/p>\n

A year ago, Amazon expanded its presence at 5 Manhattan West by 112,000 square feet through WeWork, which is operating the space on behalf of the e-commerce giant.<\/p>\n

Other tenants at the 16-story office building include weight loss startup Noom<\/a> and Whole Foods, which leases 60,000 square feet of retail space at the property.<\/p>\n

\u2014 Holden Walter-Warner<\/a><\/p>\n

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JPMorgan\u2019s Midtown reshuffle keeps office market guessing<\/p>\n

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Amazon, via WeWork, adds 112K sf at Brookfield\u2019s Manhattan West<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Noom\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Noom inks 113K-sf sublease at 5 Manhattan West<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Manhattan office landlords fearful of losing JPMorgan Chase leases to its debuting headquarters at 270 Park Avenue need…\n","protected":false},"author":2,"featured_media":124005,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[54039,75,84,83,9,24,63],"class_list":["post-124004","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-jpmorgan-5-manhattan-west","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/124004","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=124004"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/124004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/124005"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=124004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=124004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=124004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}