Ramp Expands Office Footprint in Flatiron District

The fintech company has secured 175,000 additional square feet at the 28-40 West 23rd Street complex.

Updated on Oct. 27, 2026 in Commercial

Classic brick and stone facade of a historic office building in the Flatiron District under bright afternoon sun. — Fintech company Ramp has expanded its New York City footprint by leasing 175,000 additional square feet at the 28-40 West 23rd Street complex. AI Illustration. Upload story photo >

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Ramp has significantly increased its presence in Manhattan with a new 175,000-square-foot lease expansion at the 28-40 West 23rd Street office building. The company now occupies a total of 460,300 square feet within the 12-story complex.

Why it matters

The continued expansion reflects Ramp's growing operational footprint within the competitive Midtown South office market. This move cements the firm as a major tenant at the Flatiron District property.

Ramp currently utilizes space across the sixth through 12th floors of the 575,000-square-foot complex. Mid-market Class B office rents in the Midtown South region averaged $80.85 per square foot during the third quarter of 2026.

The players

Ramp

Ramp is a financial technology company that provides corporate card and expense management software.

CBRE

CBRE is a global commercial real estate services and investment firm that provides facility management and consulting.

Colliers

Colliers is a diversified professional services and investment management company specializing in commercial real estate.

The details

The lease expansion was facilitated by CBRE, which represented Ramp in the deal, while Colliers negotiated on behalf of the building ownership. This latest growth follows a series of expansions that began with an initial 66,000-square-foot sublease in 2023.

Ramp signed an initial 66,000-square-foot sublease in 2023.
The sublease was converted into a direct long-term lease in mid-2024.
Ramp added 153,300 square feet of office space in March 2026.
Midtown South Class B office rents averaged $80.85 during Q3 2026.
Ramp secured 175,000 additional square feet in October 2026.

Culture Shift

This expansion tracks with the broader trend of tech-sector office growth in the Flatiron District, which has become a hub for high-growth financial services firms. The move highlights a commitment to traditional office space despite shifts in remote work norms.

The expansion of a major corporate footprint in the Flatiron District often impacts local retail and service providers by increasing daily foot traffic in the immediate area. Residents and local businesses may observe shifts in neighborhood activity levels to accommodate the growing workforce.

The takeaway

Large-scale lease expansions like this signal sustained demand for premium office space in established tech hubs. Companies looking to scale should prioritize flexible lease structures that allow for incremental growth within existing building footprints.