{"id":188032,"date":"2026-04-07T07:12:23","date_gmt":"2026-04-07T07:12:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/188032\/"},"modified":"2026-04-07T07:12:23","modified_gmt":"2026-04-07T07:12:23","slug":"financial-firm-marex-shrinks-to-40k-sf-at-rudins-560-lexington-avenue-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/188032\/","title":{"rendered":"Financial Firm Marex Shrinks to 40K SF at Rudin\u2019s 560 Lexington Avenue \u2013 Commercial Observer"},"content":{"rendered":"

Financial services platform Marex<\/a> is shedding half of its office space in Midtown East.<\/p>\n

The tenant, which specializes in providing services to the energy, commodities and financial sectors, has signed a new lease for 39,552 square feet at Rudin<\/a>\u2019s 560 Lexington Avenue in a relocation from its current 80,000-square-foot offices at 2 Grand Central Tower, which it will put up for sublease.<\/p>\n

SEE ALSO: Aircraft Defense Firm Moves L.A. Office to El Segundo<\/a><\/p>\n

The asking rent at 560 Lexington, on the corner of Lexington Avenue and East 50th Street, was $84 per square foot, according to the New York Post, which first reported the transaction<\/a>.<\/p>\n

CBRE<\/a>\u2019s Peter Turchin, Brett Shannon, Eric Deutsch and Jacob Rosenthal negotiated on behalf of Rudin while JLL<\/a>\u2019s Matthew Astrachan, Seth Godnick and Kristina Kopans handled the deal for Marex.<\/p>\n

CBRE, JLL and Rudin did not immediately respond to\u00a0 requests for comment.<\/p>\n

Other recent deals in Rudin\u2019s 22-story, 380,000-square-foot office tower include a 17,778-square-foot lease for hedge fund SummitTX Capital in early March<\/a> and a 20,000-square-foot deal for coworking firm Industrious around the same time<\/a>.<\/p>\n

Marex has 40 offices across the globe and owns companies such as exchange-traded European grain company Arfinco, crude oil and renewable energy firm CSC Commodities and recycled metal specialists Tangent Trading.\u00a0<\/p>\n

Mark Hallum can be reached at mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Financial services platform Marex is shedding half of its office space in Midtown East. The tenant, which specializes…\n","protected":false},"author":2,"featured_media":188033,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[34710,75379,65454,75380,75381,75382,2361,75383,9,11,10,2362,65462,75384],"class_list":{"0":"post-188032","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-2-grand-central-tower","9":"tag-560-lexington-avenue","10":"tag-brett-shannon","11":"tag-eric-deutsch","12":"tag-jacob-rosenthal","13":"tag-kristina-kopans","14":"tag-leases","15":"tag-matthew-astrachan","16":"tag-new-york","17":"tag-new-york-headlines","18":"tag-new-york-news","19":"tag-office-leases","20":"tag-peter-turchin","21":"tag-seth-godnick-channel"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/188032","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=188032"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/188032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/188033"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=188032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=188032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=188032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}