Savills leased the full 20,481 SF third floor at Rudin\u2019s 560 Lexington Ave., just blocks from its U.S. headquarters at 399 Park Ave.
\n The 380,000 SF tower has signed more than 110,000 SF in 2026 with tenants including Corpay, Marex and Dynasty Equity.
\n Manhattan office vacancy fell 300 basis points year-over-year to 13.1% as of April, a sign of tightening high-quality supply, per Yardi Matrix.<\/p>\n
Key Takeaways<\/p>\n
Savills has leased the entire 20,481 SF third floor<\/a> at Rudin\u2019s 560 Lexington Ave., a Manhattan office tower, expanding its New York City footprint just blocks from its U.S. headquarters at 399 Park Ave., according to Commercial Search. The real estate advisory firm self-represented in the deal.<\/p>\n The lease adds to a strong year for the 22-story tower, which has now signed more than 110,000 SF across multiple tenants in 2026, underscoring how quickly well-located Midtown East space is filling back in.<\/p>\n Get Smarter About What Matters in New York<\/p>\n Subscribe to our free newsletter covering the biggest commercial real estate stories across the five boroughs \u2014 delivered in just 5 minutes.<\/p>\n Growing Its Own Backyard<\/p>\n The move is notable because Savills isn\u2019t just an outside tenant chasing space. It\u2019s also expanding its own real estate footprint in the city where it advises other companies on leasing decisions. Taking a full floor near its headquarters lets the firm consolidate staff. It also gives Savills a live example to show clients considering similar commitments.<\/p>\n The expansion comes as Savills absorbs its largest deal in years. The firm acquired investment-sales giant Eastdil Secured for $1.1 billion earlier this year. The deal expanded the combined firm\u2019s footprint to more than 70 countries. It also added significant capital-markets strength to Savills\u2019 leasing and advisory business.<\/p>\n The Details<\/p>\n The 380,000-square-foot, 22-story building at 560 Lexington Ave. was completed in 1980. It holds LEED Silver certification. Amenities include an indoor\/outdoor terrace with food service, a multipurpose conference room, and ground-floor retail.<\/p>\n This year\u2019s tenant roster also includes Corpay, Marex, SummitTX, Dynasty Equity, and Ally Bridge Group. The mix includes several financial and investment firms attracted to the building\u2019s proximity to Grand Central.<\/p>\n Rudin handled its side of the deal with Kevin Daly and Craig Panzirer. CBRE represented the landlord alongside a team led by Brett Shannon. Savills\u2019 expansion follows its $1.1 billion Eastdil Secured acquisition, which expanded its global footprint while maintaining headquarters in New York, Santa Monica, and London.<\/p>\n Zooming Out<\/p>\n The deal lands amid a broader Manhattan office recovery. Vacancy fell 300 basis points year-over-year to 13.1% in April, according to Yardi Matrix. It follows a record leasing quarter<\/a> for law firms and other professional-services tenants competing for quality space.<\/p>\n Other recent deals include Capital Group\u2019s 70,400-square-foot lease at Rudin\u2019s 345 Park Ave. Mercor also committed to 25,550 square feet at One World Trade Center. Both deals show strong competition for well-located office space from financial firms, tech companies, and AI businesses.<\/p>\n Why It Matters<\/p>\n