See office spaces for rent in Manhattan
In recent years, New York City has steadily grown in stature as a centre for activity in digital and technology industries. It is now a well-established global hub for operators in related fields. In response to demand from asset managers in the city and across America, BI-SAM decided to expand its New York office presence. The move to the 11th floor of 295 Madison Avenue has effectively tripled the scale of the New York offices BI-SAM occupies.
“We have been heavily investing in the North American market in the past years and are very proud that 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 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 Cushman’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 was 90 Park Avenue.
Since 2022, Midtown Manhattan has been one of the top three most expensive locations to rent office space in the world.
As of October 2026, FactSet’s Manhattan office remained at 90 Park.
Manhattan saw circa 42 million square feet of office space leased in 2025, the borough’s strongest annual leasing performance since 2019.
In Q1 2026, 12.4 million square feet of office space was leased in Manhattan, up 10.5 per cent from the previous quarter and marking the strongest single quarter of leasing since 12.7 million square feet in the fourth quarter of 2019.
New York City’s overall office vacancy, across its five boroughs, stood at 14.6 per cent in Q1 2026, compared with the US nationwide vacancy rate of 16.4 per cent.
Manhattan’s office vacancy rate stood at 13.1 per cent.