Business

NYC’s office market rebounding from weak February behind jumbo deals

March 15, 2026

The office market rebounded from a slight February down-tick with a batch of jumbo deals in the first half of March.

The largest was at William Equities’ 28 and 40 W. 23rd St., where Ramp, a growing financial operations platform, expanded by 153,303 square feet — raising its total at the interconnected buildings to 285,303 square feet.

William Equities’ expanded lease at 28 and 40 W. 23rd St. was the largest office deal in the the first half of March. Williams Equities

The 575,000 square-foot properties are now 100% leased. Home Depot fills all the retail frontage.

Ramp will have a triplex that includes a penthouse level with a private roof deck. Williams recently completed a newly renovated atrium and communal roof deck.

Williams Equities was represented in-house by Michael T. Cohen and by Colliers’ Andrew Roos, Mac Roos and Jessica Verdi. CBRE’s Ryan Alexander, Jared Isaacson and Jeff Frenkel acted for the tenant.

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Wesley Scott

Wesley Scott is a seasoned business journalist with a knack for breaking down complex financial matters and corporate trends. With a background that includes seven years working on Wall Street, Wesley brings insider knowledge to his reporting, offering readers both depth and clarity. His articles cover a wide range of topics, from market trends and corporate leadership changes to business ethics and the impact of global events on industries. Known for his ability to identify emerging patterns in the business world, Wesley’s writing serves as a reliable resource for professionals and curious readers alike. Whether covering shifts in consumer behavior or unraveling the dynamics of corporate mergers, Wesley's work ensures his audience stays ahead of the curve.