Oppenheimer Signs Lease at 32 Old Slip

The investment firm will move its headquarters from 2 Wall Street to a new Financial District office in early 2028.

Updated on Nov. 9, 2026 in Commercial

Bold vector editorial illustration of a slim stepped office tower beside a riverfront promenade with mooring posts and calm water, in teal, cream, and coral. — Oppenheimer & Company will move its headquarters from 2 Wall Street to 32 Old Slip under a roughly 220,000-square-foot lease, starting in early 2028. AI Illustration. Upload story photo >

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Oppenheimer & Company has signed a lease for approximately 220,000 square feet across six full floors at 32 Old Slip in Manhattan's Financial District. The firm will relocate its headquarters from 2 Wall Street in early 2028.

Why it matters

The move reflects a commercial real estate transaction in Lower Manhattan tied to the creation of more than 1,000 jobs and a reported $66 million investment in New York. It also signals an office relocation in a district where major financial firms continue to make long-term space commitments.

The lease covers approximately 220,000 square feet across six full floors at the 37-story building completed in 1987. The source does not disclose the lease term or rental rate.

The players

Oppenheimer & Company

A financial services firm and subsidiary of Oppenheimer Holdings that is relocating its headquarters.

RXR

A New York real estate company that operates the office property at 32 Old Slip and represented the landlord in-house.

JLL

A global commercial real estate services firm whose brokers Matt Astrachan, Mitchell Konsker and Steven Bauer represented Oppenheimer in the deal.

The details

Oppenheimer & Company, a subsidiary of Oppenheimer Holdings, will move from 2 Wall Street to 32 Old Slip along the East River near Pier 11. Gensler is designing the new office with natural light and open gathering spaces to promote collaboration.

Early 2028: Oppenheimer relocates its headquarters from 2 Wall Street to 32 Old Slip.

Market Landscape

The relocation keeps Oppenheimer within Lower Manhattan's Financial District while moving from the Wall Street corridor to a waterfront address. It reflects continued demand among financial firms for large-format office space in the area.

For New York City workers, the move shifts Oppenheimer's headquarters and its more than 1,000 jobs to a new Financial District location in early 2028. Commuters near Wall Street and the East River waterfront may notice the change in where their colleagues work.

The takeaway

The Oppenheimer relocation shows how Lower Manhattan's office market continues to attract long-term financial sector leases. Readers tracking commercial real estate can watch how similar moves reshape demand across the Financial District.