Octaura Leases 28,914 Square Feet on West 33rd

The electronic trading and analytics firm is moving its Manhattan offices from 5 Penn Plaza to a 17th-floor space at 111 West 33rd Street.

Updated on Nov. 3, 2026 in Commercial

Photograph of the upper floors of a steel-and-glass Midtown Manhattan office tower rising against a pale daylight sky. — Octaura Holdings, an electronic trading and analytics firm, leased the entire 17th floor of 111 West 33rd Street, totaling 28,914 square feet, from Empire State Realty Trust. AI Illustration. Upload story photo >

Octaura Holdings, an electronic trading, data, and analytics provider, leased the entire 17th floor of 111 West 33rd Street, totaling 28,914 square feet, from Empire State Realty Trust. The company is relocating its offices from 5 Penn Plaza to the new space.

Why it matters

The deal adds to demand for office space in Midtown Manhattan, where tenants continue to commit to leases in Class A buildings. For New York City's commercial real estate market, the transaction reflects the ongoing movement of firms among Midtown and Penn Plaza-area properties.

The lease covers the full 17th floor of the 26-story tower, which contains 728,429 square feet in total. Lease term and rent were not disclosed, and Colliers reports Penn Plaza Class A asking rents averaged $82.38 in Q3 2026.

The players

Octaura Holdings

Octaura Holdings is an electronic trading, data, and analytics provider that is relocating its Manhattan headquarters to West 33rd Street.

Empire State Realty Trust

Empire State Realty Trust is a major New York City real estate investment trust that owns and manages office properties across Manhattan, including the building at 111 West 33rd Street.

Newmark

Newmark is a global commercial real estate services firm that represented both the landlord and the tenant in the transaction.

The details

Octaura is moving from 5 Penn Plaza to 111 West 33rd Street, where it will occupy the entire 17th floor. Newmark's Neil Goldmacher and Cooper Weisman represented Octaura, while Empire State Realty Trust's Shanae Ursini and Kerry Lavelle handled the landlord side alongside Newmark's Scott Klau, Erik Harris, and Neil Rubin.

- July: Instacart took 26,134 square feet in the same building.
- Q3 2026: Penn Plaza Class A asking rents averaged $82.38.
- Monday, November 3, 2026: Empire State Realty Trust announced the Octaura lease.

Market Benchmark

The lease is measured against Colliers' Q3 2026 Penn Plaza Class A asking rent average of $82.38, a benchmark that frames the pricing context for Midtown office deals. Octaura's own asking rent was not disclosed, so the comparison remains a submarket reference point rather than a direct price.

For New York City tenants and brokers, the deal signals active demand for full-floor Class A space in Midtown buildings. Businesses weighing a move between Penn Plaza and nearby blocks can use submarket asking-rent benchmarks like Colliers' $82.38 figure to set expectations.

The takeaway

For commercial tenants in New York City, full-floor leases in established Midtown towers remain a active option, so comparing submarket asking rents before negotiating can help set realistic budgets.