Oppenheimer Signs 220,000-SF Manhattan HQ Lease
A new Manhattan HQ lease will keep Oppenheimer in the Financial District. The firm’s November 9 announcement outlined an approximately 220,000-square-foot headquarters at RXR’s 32 Old Slip, with phased move-in targeted from Q1 2028.
Manhattan HQ Lease: The Disclosed Terms
Item | Disclosed Details |
Tenant entity | Viner Finance Inc., an Oppenheimer Holdings subsidiary |
Rentable area in SEC filing | 221,339 SF |
Initial lease term | About 15.5 years from final delivery |
Planned phased move-in | From Q1 2028 |
The group’s Form 8-K confirms that the lease was signed on November 5. The announcement rounds the size to approximately 220,000 square feet; the filing gives the contractual rentable area.
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What the Lease Reveals About Tenant Demand
Use of space. The filing identifies management, research, trading, investment banking and asset management functions. Oppenheimer also plans a conference center and client hospitality space. These uses explain how the headquarters is intended to support the firm’s operations in Lower Manhattan.
Timing of income. Planned occupancy begins in Q1 2028, while fixed rent starts on the later of six months after final delivery and July 1, 2028. A leasing review can separate contract signing, delivery, occupancy and rent commencement to build a clearer income timetable.
Fit-out responsibilities. The landlord will perform specified turnkey work; the tenant expects to invest in furniture, equipment and technology. Connecting those responsibilities to delivery milestones helps assess how the space will become operational.
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For an EB-5 project with commercial space, request a leasing schedule showing signed area, tenant use, delivery conditions and rent commencement. Match it to the construction timetable to understand when contracted demand can contribute revenue.
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Disclaimer: Articles published under the "NYC Real Estate" category are curated from third-party media sources for informational purposes only. ARCFE does not claim ownership of the original content, nor does it guarantee the accuracy, completeness, or timeliness of the information presented. The views and opinions expressed in these articles are those of the original authors and do not necessarily reflect the position of ARCFE. Nothing contained herein constitutes investment, legal, or tax advice. Readers are encouraged to consult with qualified professionals before making any investment decisions.
