Indecor Home Signs Lease in Garment District
The bath accessory company is moving its offices and showroom to a new Manhattan location.
Updated on Oct. 21, 2026 in Commercial
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Indecor Home has secured a 10-year lease for 16,806 square feet at 247 West 37th Street in the Garment District. The company will consolidate its executive, sales, and design teams at the new office and showroom space.
Why it matters
The move allows the manufacturer to centralize its operations and showroom within a major Manhattan hub. By relocating from 240 Madison Avenue, the firm aligns its physical footprint to support its growing business needs.
The tenant signed a 10-year lease for the entire fifth floor of the 19-story building constructed in 1924. For reference, the average office rent in Midtown Manhattan reached $85.08 per square foot in Q3 2026.
The players
Indecor Home
This company specializes in the manufacturing of home goods including bath accessories, shower curtains, and rugs.
GFP Real Estate
This firm is a major New York City owner and operator of commercial office properties.
Intrepid Real Estate Group
This commercial real estate agency provides advisory and brokerage services to corporate tenants and landlords.
The details
The manufacturer of bath accessories, rugs, and shower curtains opted for the Garment District property to better integrate its core departments. The transaction was brokered by Matthew Mandell of GFP Real Estate and David Menaged of Intrepid Real Estate Group.
Timeline
The 247 West 37th Street building was completed in 1924.
The lease agreement was announced on October 21, 2026.
Culture Shift
This move highlights the ongoing trend of companies consolidating operations into centralized office and showroom spaces to streamline creative and sales workflows. It reflects a shift toward functional, multi-use environments in historically industrial neighborhoods like the Garment District.
This relocation marks the arrival of a new business presence within the Garment District. For local commuters and workers, the consolidation of these offices signifies increased activity at the 247 West 37th Street location.
The takeaway
This lease highlights the continued importance of central Manhattan for companies seeking to unify their design and sales operations under one roof. Businesses looking to optimize their own workflows should consider how floor consolidation can impact collaborative efficiency.
Further reading
For more on local market activity, see New York City Commercial.
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