Office Leasing Expands at Bank of America Tower

Major Lease Signals Confidence

According to Bloomberg, Bank of America signed a 20-year triple-net lease at One Bryant Park in Midtown Manhattan. The deal covers the entire office portion and select retail space in the tower. The agreement spans 2.4M SF of the building’s 2.44M SF across the 51-story Bank of America Tower. The bank has long served as the tower’s anchor tenant. Retail tenants, including Verizon and Starbucks, will remain in the building.

Playing a Central Role

With this deal, Bank of America further cements its presence in Manhattan. The bank expands from its previous 1.8M SF lease at One Bryant Park. The lease structure allows the bank to sublease some office space to other tenants. The move also supports Bank of America’s broader campus strategy. That strategy includes space at neighboring Two Bryant Park and the Grace Building. Other major companies continue expanding nearby, including a tech giant that recently signed a 330K SF Midtown office lease.

Context Amid Financial Sector Moves

The office expansion reflects a broader trend among major financial institutions across New York City. Large banks continue committing to major office space in Manhattan. JPMorgan Chase recently began moving into its new tower at 270 Park Avenue. Meanwhile, American Express announced plans for a 2M SF headquarters at 2 World Trade Center. Developers completed One Bryant Park in 2010. Today, the tower remains a major hub for Bank of America’s global operations. It also continues supporting growth in Midtown Manhattan’s office market.