PropertyJul 22, 2026, 04:12 PM
SL Green Leases 98,420 Sq Ft to AI Tenant at 11 Madison Ave
AI Summary
SL Green Realty Corp. announced a new 10-year lease with a leading AI tenant for 98,420 square feet at 11 Madison Avenue, making the building fully leased. This transaction contributes to the 1,478,673 square feet of office leases signed by SL Green in 2026, with an additional pipeline of over 900,000 square feet. The company also highlighted that its adjacent One Madison Avenue, which added 1.4 million square feet of new inventory, is fully leased with industry-leading AI and technology tenants.
Key Highlights
- Signed new 10-year lease for 98,420 sq ft at 11 Madison Avenue.
- 11 Madison Avenue is now fully leased.
- Total office leases signed in 2026 reached 1,478,673 sq ft.
- Current leasing pipeline stands at over 900,000 sq ft.
- One Madison Avenue (1.4M sq ft) is also fully leased.
- SL Green's portfolio includes 54 buildings totaling 30.6M sq ft as of June 30, 2026.
- The new tenant is a leading AI company.
Price Impact
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