Databricks Expands Office Lease at 5 Bryant Park

The data software firm is growing its New York City footprint to 120,000 square feet across five floors.

Updated on Oct. 20, 2026 in Commercial

Databricks Expands Office Lease at 5 Bryant Park

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Databricks has finalized a lease expansion at 5 Bryant Park, increasing its total office space in the building to 120,000 square feet. The company continues to occupy five floors within the 680,000-square-foot Midtown property.

Why it matters

The deal highlights the ongoing commitment of major technology firms to physical office space in New York City despite broader market shifts. It also signals continued stability for 5 Bryant Park, which recently secured significant refinancing.

Databricks now occupies 120,000 square feet of the 680,000-square-foot 5 Bryant Park building. This follows owner Savanna securing $510 million in property refinancing in December 2025.

The players

Databricks

This is a prominent enterprise software company that specializes in data, analytics, and artificial intelligence solutions.

Savanna

This is a New York-based real estate investment manager that focuses on office and retail properties.

Blackstone

This is a global investment firm that is one of the world's largest owners of commercial real estate.

The details

The expansion at 5 Bryant Park follows a similar growth strategy by the company in other major markets, including a 90,000-square-foot expansion in San Francisco earlier in 2026. The property itself has remained a notable asset for Savanna, which acquired the building from Blackstone for $640 million in 2018.

Savanna acquired 5 Bryant Park from Blackstone in 2018.
The original debt for the property reached maturity in June 2025.
Savanna secured $510 million in refinancing for the building in December 2025.
Databricks expanded its office space in San Francisco in March 2026.
The Databricks lease expansion at 5 Bryant Park was announced in October 2026.

Culture Shift

The lease expansion follows the post-2025 Midtown Manhattan office leasing stabilization trend in the city's commercial sector. This move underscores a shift where major firms prioritize prime Midtown locations despite national trends toward hybrid work flexibility.

The expansion reinforces the presence of tech employers in the Bryant Park area, potentially stabilizing local foot traffic for nearby retail and services. Residents and local workers may notice continued corporate investment and activity within the district's prominent office buildings.

The takeaway

Large firms continue to consolidate their physical office space in prestigious, transit-accessible Manhattan locations. Businesses looking to expand should monitor how major commercial hubs maintain value through substantial property refinancing and infrastructure investment.