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Marcus & Millichap Relocating NYC Offices

NEW YORK CITY—The real estate services firm will remain on Madison avenue but is moving one block over in a new, a 37,000-square-foot lease.

By Rayna Katz | Updated on April 08, 2015

NEW YORK CITY—Marcus & Millichap is on the move. The firm reportedly has signed a 37,000-square-foot lease at 260 Madison Ave., across the street from its current location. The asking rent was in the low-$60s per square, according to the Real Deal.

The new 10-year lease at the Sapir Organization building puts Marcus & Millichap on the fifth floor of the building between East 38th and East 39th Streets. The real estate services firm will have approximately 250 employees in its new offices. Its current lease, just down the street at 270 Madison Ave.—which sits between 39th and 40th streets—is set to expire this year. The firm expanded its office space at the ABS Partners building by 6,100 square feet in July 2013, the Real Deal says.

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