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Marex Relocates to 560 Lexington Amid Strong Manhattan Leasing

4/5/2026

47 7 Full Breakdown

Summary

Story summary

Marex, a global financial platform, will relocate from 2 Grand Central Tower to 560 Lexington Avenue, occupying 39,552 square feet at $84 per square foot.
Manhattan leasing remains strong, with JLL reporting a 13.5% vacancy rate and leasing volume reaching 8.5 million square feet in Q1 2026.
Rents rose 3.35% to $85.31 overall and $95.49 for direct Class-A spaces, and Marex's former space will be subleased in an 80,000-square-foot block.

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Story summary

Marex, a global financial platform, will relocate from 2 Grand Central Tower to 560 Lexington Avenue, occupying 39,552 square feet at $84 per square foot.
Manhattan leasing remains strong, with JLL reporting a 13.5% vacancy rate and leasing volume reaching 8.5 million square feet in Q1 2026.
Rents rose 3.35% to $85.31 overall and $95.49 for direct Class-A spaces, and Marex's former space will be subleased in an 80,000-square-foot block.