SL Green Signs 129 Manhattan Office Leases, 1.76mln sq ft, 15.8% YoY Increase

SL Green Realty Corp. reported 129 Manhattan office leases totaling 1,760,649 square feet with a mark-to-market 15.8% higher than previous rents. Notable leases include IMG Worldwide's 5-year renewal for 90,202 square feet at 304 Park Avenue South and Greenberg Traurig's 10.5-year expansion for 33,477 square feet at One Vanderbilt Avenue. SL Green's current leasing pipeline has increased to over 1 million square feet.