Mphasis Expands Office Footprint at 41 Madison Avenue
The technology services firm has added 14,151 square feet and signed a 10-year lease extension in the Flatiron District.
Updated on Oct. 22, 2026 in Commercial
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Mphasis has expanded its presence at 41 Madison Avenue in New York City by 14,151 square feet. The company also secured a 10-year extension for its office space in the building.
Why it matters
The lease expansion supports the growth of the company, which now occupies both the 35th and 36th floors of the Midtown South property.
Mphasis now occupies a total of 27,709 square feet, while Midtown South Class A office rents averaged $98.01 per square foot during the third quarter of 2026.
The players
Mphasis
This global information technology solutions provider is headquartered in Bengaluru, India.
CBRE
This is a global commercial real estate services and investment firm that provides leasing representation.
Rudin
This is a major New York City-based real estate firm that owns and manages commercial and residential properties.
The details
Mphasis relocated to the 42-story building in April 2021 and currently occupies the entire 36th floor alongside its new space on the 35th floor. CBRE represented Mphasis in the negotiations, while the landlord was represented by the in-house team at Rudin.
Timeline
Mphasis initially moved into 41 Madison Avenue in April 2021.
Midtown South Class A office rents were tracked during Q3 2026.
Culture Shift
This move highlights the ongoing demand for premium office space in Manhattan's Midtown South, reinforcing the area's status as a hub for growing technology firms. The lease expansion reflects a continued commitment to physical collaborative spaces despite evolving global work trends.
The expansion signals continued professional activity in the Flatiron District and may influence local demand for office-adjacent services. For local business neighbors, this sustained presence represents a stable corporate tenant base within the 41 Madison Avenue tower.
The takeaway
Large companies continue to prioritize high-end real estate in key NYC corridors to support organizational growth. Firms looking for office space in the city should monitor quarterly rent averages in specific regions to gauge market competitiveness.
Further reading
For more information on the local market, visit the New York City Commercial section.
Source note: This article includes information reported by Commercial Observer.
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