The leasing momentum suggests stronger-than-expected near-term rental income and occupancy, potentially leading to upward revisions in FFO guidance. Traders should monitor upcoming earnings for confirmation of rent levels and occupancy trends, especially as AI and tech firms continue to anchor key assets.
Price Chart
Executive Summary
SL Green Realty Corp. announced the completion of office leasing at One Madison Avenue with a 92,663 square foot expansion by Harvey AI, bringing total leasing in the first 65 days of 2026 to 832,135 square feet across 44 leases. The company expects over 900,000 square feet of leasing in Q1 2026 — its highest first-quarter volume in 28 years — and projects over two-thirds of its portfolio will be at least 98% leased by end of 2026.
Key Facts
- Harvey AI expanded by 92,663 square feet at One Madison Avenue, bringing its total occupancy to 185,326 square feet.
- SL Green signed 832,135 square feet of leases across 44 deals in the first 65 days of 2026, including over 344,000 square feet of expansions.
- The company expects Q1 2026 leasing volume to exceed 900,000 square feet — the highest in its history for a first quarter.
- One Madison Avenue is now 100% leased, following One Vanderbilt, marking SL Green's second fully leased trophy asset.
- SL Green projects over two-thirds of its office portfolio will have a weighted average leased occupancy of 98% or more by end of 2026.
Financial Impact
Over 900,000 square feet of leasing expected in Q1 2026, with rents exceeding initial underwriting at One Madison Avenue.
Risk Factors
- Forward-looking statements about occupancy and leasing volume are not guaranteed and could be impacted by broader office market weakness or economic downturn.
- Despite strong leasing, macro risks around Manhattan office demand, especially post-pandemic, remain elevated and could affect long-term rent collections.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3251729 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 23, 2026 10w ago | 8-K | $53.61 $58.10 | ▲ +8.38% | ▲ +5.07% | $49.05 (−8.51%) |
Jun 1, 2026 17w ago | Press Release | $44.74 $51.77 | ▲ +15.71% | ▲ +17.01% | $49.05 (+9.63%) |
Apr 28, 2026 22w ago | Press Release | $43.85 $45.20 | ▲ +3.08% | ▼ −2.38% | $49.05 (+11.86%) |
Apr 16, 2026 24w ago | 8-K | $20.66 $21.89 | ▼ −5.95% | ▼ −0.14% | $49.05 (−137.42%) |
Apr 15, 2026 24w ago | Press Release | $40.81 $43.23 | ▼ −5.93% | ▼ −0.11% | $49.05 (−20.19%) |
Mar 23, 2026 27w ago | Press Release | $38.10 $43.58 | ▲ +14.38% | ▲ +6.96% | $49.05 (+28.73%) |
Mar 17, 2026 28w ago | Press Release | $37.50 $41.63 | ▲ +11.01% | ▲ +6.70% | $49.05 (+30.79%) |
Mar 9, 2026 29w ago | Press Release | $38.47 $37.56 | ▼ −2.35% | ▲ +0.45% | $49.05 (+27.52%) |
Mar 4, 2026 30w ago | 8-K | $39.07 $36.06 | ▼ −7.69% | ▼ −3.90% | $49.05 (+25.56%) |
Mar 2, 2026 30w ago | Press Release | $36.94 $35.26 | ▼ −4.55% | ▲ +3.39% | $49.05 (+32.77%) |
US Market Status
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