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Netflix Studios Extends Broadway Office Lease

The media company maintains its presence at the 1895 office property in New York City.

Updated on Oct. 16, 2026 in Commercial

Bold flat-color editorial illustration depicting a simplified 19th-century Manhattan office building facade, symbolizing corporate real estate stability in New York.
Netflix Studios has finalized a lease extension for its office space at 817 Broadway, maintaining its long-term presence in Manhattan. AI Illustration. Upload story photo >

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Netflix Studios has finalized an extension for its office space located at 817 Broadway. The lease agreement keeps the media company anchored at the historic Manhattan building.

Why it matters

Securing long-term commitments from major media tenants remains a critical indicator of stability for Manhattan office properties. This extension highlights the ongoing demand for professional office space near Union Square.

The lease covers 9,943 square feet of space with an asking rent of $115 per square foot. The building itself is an 1895 construction that recently underwent a $128.5 million recapitalization.

The players

Netflix Studios

This is a major global media and entertainment company known for producing original streaming content.

GreenBarn Investment Group

This investment firm specializes in commercial real estate acquisitions and strategic property recapitalizations.

Sabal Investment Holdings

This organization focuses on institutional real estate investment and capital management.

Unity Technologies

This company is a prominent provider of software development platforms for real-time 3D content.

Ledger

This is a technology firm that provides security and infrastructure solutions for digital assets.

The details

The transaction for the 817 Broadway property was facilitated by brokers Charles Laginestra and Rocco Laginestra on behalf of the landlord. Netflix was represented in the negotiations by David Falk, Jason Greenstein, Daniel Levine, and Jordyn Comras.

Timeline

  1. The building at 817 Broadway was constructed in 1895.

  2. Unity Technologies leased 10,000 square feet in August 2025.

  3. Ledger signed a 3,437-square-foot lease in March 2026.

  4. SDC Capital Partners relocated from the building in July 2026.

  5. Netflix Studios extended its lease in October 2026.

Culture Shift

This lease extension follows the Manhattan office market flight-to-quality trend, reinforcing the value of historic buildings that have undergone significant capital improvements. It highlights how renovated legacy properties continue to attract major corporate tenants over newer builds.

The continued presence of large tenants like Netflix at 817 Broadway supports the commercial viability of the Union Square neighborhood. This stability helps maintain demand for local services and businesses that cater to the building's office population.

The takeaway

Maintaining long-term office commitments in historic, recapitalized buildings remains a strategy for major firms seeking a presence in central business districts. Tenants looking for prime Manhattan space can expect to see continued premiums on renovated vintage properties.

Further reading

For more on the local office market, visit New York City Commercial.

Source note: This article includes information reported by Commercial Observer.

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