Leasing & tenant law · Deals & development · 10/16/2026
Netflix Studios Renews 9,943 SF Office Lease at 817 Broadway
Netflix Studios extended its 9,943-square-foot office lease at Taconic Partners' 817 Broadway, just south of Union Square. CBRE represented the landlord and Newmark represented Netflix. The length of the extension and the tenant's original move-in date were not disclosed.
Reported by Commercial ObserverRead the original ↗
What happened
Netflix Studios has extended its office lease at 817 Broadway in Manhattan, just south of Union Square. Commercial Observer reported the deal on October 16, 2026, citing a source with knowledge of the deal. The space covers 9,943 square feet. The building is owned by Taconic Partners.
The report does not say how long the extension runs or when Netflix first moved in. CBRE's Charles Laginestra and Rocco Laginestra represented the landlord. Newmark's David Falk, Jason Greenstein, Daniel Levine and Jordyn Comras represented Netflix. CBRE did not immediately respond to a request for comment, and Newmark declined to comment.
817 Broadway is a 14-story Class A office building constructed in 1895. Other tenants include Paris-based crypto company Ledger, which signed a 3,437-square-foot lease in March, and Unity Technologies, which took 10,000 square feet in August 2025.
Around this time last year, GreenBarn Investment Group and Sabal Investment Holdings led a $128.5 million recapitalization of the property. The building was fully leased at that time. Commercial Observer reports that SDC Capital Partners later moved out of the building in July.
Key facts
- Address
- 817 Broadway, Manhattan, just south of Union Square
- Tenant
- Netflix Studios (lease extension)
- Space
- 9,943 square feet of office space
- Landlord
- Taconic Partners
- Building
- 14-story Class A office property, constructed in 1895
- Brokers
- CBRE for the landlord; Newmark for Netflix
- Recapitalization
- $128.5 million, led by GreenBarn Investment Group and Sabal Investment Holdings, about a year before this report
- Reported
- Commercial Observer, October 16, 2026
What it means
Landlords
This is a commercial office deal. It has no direct effect on residential rents, rules or enforcement. It is one data point showing a large tenant chose to stay in an older Manhattan office building.
Tenants and voucher holders
Nothing changes for residential tenants or voucher holders. The building is an office property with no reported apartments.
The highlights
- Taconic Partners owns the 14-story Class A building, constructed in 1895.
- GreenBarn and Sabal led a $128.5 million recapitalization of the property last year.
- Crypto firm Ledger signed a 3,437 SF lease in the building in March.
Why it matters Landlords
A big tenant renewing in an 1895 building shows that well-run older Manhattan office stock can still keep major tenants.
Not known yet
- How long the lease extension runs
- The rent Netflix will pay
- When Netflix first moved into the building
- How much of the building is vacant after SDC Capital Partners left
Background
In New York City, commercial leases like office and retail deals are negotiated privately between landlord and tenant. They are not covered by the rent stabilization rules that apply to many residential apartments, so terms such as rent and length are often not disclosed. Brokers usually represent each side, and details tend to reach the public through trade press reports rather than public filings.
Summary written by Bulwark from Commercial Observer’s reporting. The original story is at commercialobserver.com. This is general information, not legal advice.
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Photo: Andre Carrotflower, CC BY-SA 4.0