Leasing & tenant law · Deals & development · 11/09/2026, 12:49 PM
Oppenheimer Moves HQ to 220K-SF Office at 32 Old Slip
Oppenheimer & Company signed an approximately 220,000-square-foot lease across six full floors at RXR's 32 Old Slip in the Financial District. The firm will move from 2 Wall Street in early 2028. JLL represented Oppenheimer, and RXR handled its side in-house. The 37-story building, completed in 1987, sits along the East River near Pier 11.
Reported by Commercial ObserverRead the original ↗
What happened
Oppenheimer & Company, an investment bank and wealth management firm, plans to move its headquarters within Lower Manhattan. Commercial Observer reported the deal on 11/09/2026. Oppenheimer & Company is a subsidiary of Oppenheimer Holdings.
The firm signed a lease for about 220,000 square feet across six full floors at 32 Old Slip in the Financial District. RXR owns the building. Oppenheimer will move in early 2028 from nearby 2 Wall Street. JLL brokers Matt Astrachan, Mitchell Konsker and Steven Bauer represented Oppenheimer. Daniel Birney and Heidi Steinegger represented RXR in-house.
Gov. Kathy Hochul said in a statement that the move keeps over 1,000 jobs in New York and represents a $66 million investment. Gensler is designing the new office. 32 Old Slip is a 37-story building completed in 1987, located along the East River near Pier 11. Other office tenants there include Fincadia and LevelUp.
This is a commercial office lease. The report does not describe any housing, residential units or rule changes connected to the deal.
Key facts
- Tenant
- Oppenheimer & Company, a subsidiary of Oppenheimer Holdings
- Landlord
- RXR
- Address
- 32 Old Slip, Financial District, Manhattan
- Size
- About 220,000 square feet across six full floors
- Current location
- 2 Wall Street
- Move date
- Early 2028
- Jobs and investment
- Over 1,000 jobs retained and a $66 million investment, per Gov. Hochul's statement
- Building
- 37 stories, completed in 1987
What it means
Landlords
This is a large office deal in the Financial District. It does not change any rules or costs for residential landlords.
Tenants and voucher holders
The report describes no new apartments, affordable units or changes to rents or vouchers. Renters do not need to take any action.
The highlights
- The lease covers six full floors at RXR's tower in the Financial District.
- Oppenheimer moves from nearby 2 Wall Street in early 2028.
- Gov. Hochul says the move keeps over 1,000 jobs and $66 million in New York.
Why it matters Landlords
A large Lower Manhattan office renewal shows owners can still land big tenants with updated space and amenities.
Not known yet
- The rent and length of the lease
- What will happen to Oppenheimer's current space at 2 Wall Street
- Whether any state incentives are tied to the $66 million figure
- The exact move date in early 2028
Background
Commercial office leases in New York City are not covered by rent stabilization or other residential tenant protections. Landlords and businesses negotiate rent, length and terms privately, often through brokers, and those terms are frequently not made public.
Buildings in this story
- 2 Wall Street · building facts and open city records
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