Close Menu
Rent Magazine
  • News
  • Residential
  • Commercial
  • Realtors
  • Tech
What's Hot

Eviction Rates Remain Elevated in 2025 Amid Rising Housing Costs

May 17, 2025

CoStar Group Launches Predictive Analytics Tool for Real Estate Investment Decisions

August 27, 2023

Rent Prices Soar in Major U.S. Cities in 2025: What Renters Need to Know

May 16, 2025
Rent Magazine
  • News
  • Residential
  • Commercial
  • Realtors
  • Tech
Sunday, June 29
Rent Magazine
You are at:Home » United Nations Expands and Consolidates Manhattan Headquarters with Major Lease Renewal
Commercial

United Nations Expands and Consolidates Manhattan Headquarters with Major Lease Renewal

By Rent Magazine TeamJune 28, 20252 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email

New York City, June 27, 2025 — The United Nations has finalized a significant lease renewal and expansion at 2 United Nations Plaza in Midtown Manhattan, securing 425,190 square feet across 26 stories. This move consolidates the organization’s previously dispersed operations into a unified headquarters, reaffirming its commitment to New York City as its central diplomatic hub.

The lease agreement, brokered by Newmark Group, Inc., encompasses nearly all office space within 2 UN Plaza, spanning levels 2 through 26. Additionally, it includes a two-story retail component at 1 United Nations Plaza. This consolidation brings together operations that were formerly split between 1 and 2 UN Plaza, creating a cohesive and efficient workspace above the ground-floor retail and beneath the Millennium Hotel.

Jim Saunders, Executive Managing Director at Newmark, commented on the transaction, stating, “This landmark transaction reaffirms the UN’s deep-rooted commitment to New York City as its global diplomatic hub. We are proud to have advised on this project, which will ensure further improvements to operational efficiency and UN staff support.”

The lease renewal coincides with a substantial $500 million capital improvement program underway across both 1 and 2 UN Plaza, spearheaded by the United Nations Development Corporation (UNDC), a state-established public benefit corporation. The initiative aims to modernize the complex with significant infrastructure upgrades, lobby renovations, new building systems, and enhanced security and sustainability features.

Situated directly across from the United Nations Headquarters, the UN Plaza complex has long served as a cornerstone for diplomatic, governmental, and international tenants. The property offers unobstructed East River and skyline views, along with immediate access to Midtown Manhattan transit and amenities.

Newmark’s team, including Head of New York Consulting Jason Perla and Executive Vice President of Workplace Strategy & Human Experience Roy Abernathy, played pivotal roles in the lease negotiations and workplace redesign. Abernathy led a team that developed a transformative workplace model tailored to the organization’s international mission, introducing a new way of working that aligns with its global objectives.

The landlord, represented by CBRE’s Scott Gottlieb, is undertaking the capital improvement program to revitalize the complex, ensuring it meets the evolving needs of its tenants and maintains its status as a premier location for global diplomacy.

This lease renewal and expansion by the United Nations not only strengthens its operational capabilities but also contributes to the ongoing vitality of New York City’s commercial real estate market, particularly in Midtown Manhattan.

Related Posts

Capitol Broadcasting Company Expands Real Estate Ventures with ‘Overlook on Main’ in Holly Springs

By Rent Magazine TeamJune 27, 2025

Office-to-Apartment Conversions Reshape New York City’s Real Estate Landscape

By Rent Magazine TeamJune 26, 2025

Amazon Announces $54.5 Billion Investment in U.K. Operations Over Next Three Years

By Rent Magazine TeamJune 25, 2025

U.S. Commercial Real Estate Gains Momentum on Heightened Inventory Demand

By Rent Magazine TeamJune 23, 2025
Don't Miss

Florida’s Residential Real Estate Market Booms Amid Influx of New Residents

By Rent Magazine TeamJune 28, 2025

West Palm Beach, FL, June 27, 2025 — Florida’s residential real estate market is experiencing…

United Nations Expands and Consolidates Manhattan Headquarters with Major Lease Renewal

June 28, 2025

Capitol Broadcasting Company Expands Real Estate Ventures with ‘Overlook on Main’ in Holly Springs

June 27, 2025

Top U.S. Cities Projected for Home Sales Growth in 2025

June 27, 2025
Top Picks

Eviction Rates Remain Elevated in 2025 Amid Rising Housing Costs

By Rent Magazine TeamMay 17, 2025

CoStar Group Launches Predictive Analytics Tool for Real Estate Investment Decisions

By Rent Magazine TeamAugust 27, 2023

Rent Prices Soar in Major U.S. Cities in 2025: What Renters Need to Know

By Rent Magazine TeamMay 16, 2025
About Us
About Us

Rent Magazine was founded with the mission of simplifying the rental process for both landlords and tenants. We understand that finding the perfect rental property or managing a rental portfolio can be a daunting task, which is why we strive to offer comprehensive and reliable information to make your journey smoother.

Top Posts

Eviction Rates Remain Elevated in 2025 Amid Rising Housing Costs

May 17, 2025

CoStar Group Launches Predictive Analytics Tool for Real Estate Investment Decisions

August 27, 2023

Rent Prices Soar in Major U.S. Cities in 2025: What Renters Need to Know

May 16, 2025
Don't Miss

Florida’s Residential Real Estate Market Booms Amid Influx of New Residents

June 28, 2025

United Nations Expands and Consolidates Manhattan Headquarters with Major Lease Renewal

June 28, 2025

Capitol Broadcasting Company Expands Real Estate Ventures with ‘Overlook on Main’ in Holly Springs

June 27, 2025
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
© 2025 Rent Magazine. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.