See office spaces for rent in Manhattan
In recent years, New York City has steadily increased its stature as a centre for activity within digital and technology industries. It is now well-established as a global hub for operators in related fields. BI-SAM decided to grow its New York office space presence in response to demand from asset managers in the city and across America. The move to offices on the 11th floor of 295 Madison Avenue has seen the company effectively triple the scale of the New York offices that BI-SAM occupies.
“We have been heavily investing in the North American market in the past years and are very proud many US asset managers trust our product and services,” explained Christophe Volard, managing director of BI-SAM. “Based on our recent successes, BI-SAM teams will continue to grow, and this new office space is part of our long-term strategy in the region.”
“Our New York City office will position BI-SAM to successfully expand its presence in the Americas and will be complemented with other regional office openings over the coming months,” added general manager Sami Juma.
Last month, real estate advisors Cushman & Wakefield (C&W) announced that it had helped the US arm of Bloomsbury Publishing find new office space in Manhattan and that the company had signed up to relocate long-term to 1385 Broadway. Despite being a globally iconic city and one of the world’s leading centres of economic activity, New York offices are not typically as expensive to rent as those in rival destinations like London, Hong Kong and Tokyo, according to C&W’s figures on the subject.
Editor’s notes: BI-SAM was acquired by American financial data and software company FactSet in 2017 for $205.2 million.
As of August 2024, FactSet’s Manhattan office is 90 Park Avenue.
Since 2022, Midtown Manhattan has been one of the top three most expensive locations to rent office space in the world.