SL Green Signs 129 Manhattan Leases Totaling 1.76 Million Square Feet in 2026

โดย Zacks Investment Research·

Summary · why it matters

SL Green Realty signed 129 Manhattan office leases totaling 1.76 million square feet from the start of the year through Sept. 14, 2026, with replacement-lease mark-to-market 15.8% above previous fully escalated rents. Manhattan same-store leased occupancy rose to 94.7% as of June 30, 2026, from 93% at year-end 2025, and same-store cash NOI increased 4.3% year over year in the second quarter of 2026, excluding lease termination income, with management expecting leased occupancy to reach 95% by year-end 2026. In July 2026 the company signed a 10-year, 98,420-square-foot lease at 11 Madison Avenue, bringing 2026 office leasing volume to nearly 1.5 million square feet, while first-half 2026 Manhattan office leases carried an average term of 8.5 years. On the capital side, SL Green agreed in September 2026 to sell 110 Greene Street in SoHo to Natora Group for $226 million, with the deal expected to close in the fourth quarter of 2026, after selling 10 East 53rd Street, which had been contracted for $312.2 million, in August 2026. The SLG Opportunistic Debt Fund deployed $306.4 million year-to-date through June 2026, including $94.7 million in the second quarter, and SL Green repurchased $14.1 million of common stock in the second quarter of 2026.