MetLife Extends Lease at Headquarters Tower on NYC’s Park Avenue

Insurance giant MetLife Inc. extended its lease at its namesake headquarters tower in Manhattan.

The 11-year extension will keep the company at 200 Park Ave. through 2038, according to a statement Thursday. MetLife will have roughly 400,000 square feet (37,000 square meters) in the 58-story building.

The MetLife Building at 200 Park Ave. in New York.

Source: Tishman Speyer.

While Manhattan’s office demand remains below pre-pandemic levels and vacancies are high, tenants are seeking top-quality spaces near transit hubs such as Grand Central Terminal. BDT & MSD Partners, built from the combination of Byron Trott’s company and Michael Dell’s firm, recently took space at 550 Madison Ave. Financial advisory firm Solomon Partners ...