SL Green Reaches 100% Occupancy at One Madison Avenue, Eyes Record Q1 Leasing

Key Facts

1One Madison Avenue reached 100% occupancy following a 93,000 square foot expansion by Harvey AI.

2The company projects its highest first-quarter leasing volume in its 28-year history, exceeding 900,000 square feet.

SL Green Realty Corp announced that its flagship development, One Madison Avenue, has reached 100% occupancy, marking a significant milestone for the company. The full occupancy was achieved following a substantial 93,000-square-foot expansion by Harvey AI within the property. Consequently, the company projects its highest first-quarter leasing volume in its 28-year history, with total leasing expected to exceed 900,000 square feet. This record-breaking performance underscores the robust demand for premium Manhattan office spaces, particularly from the growing AI sector. The successful leasing of such a major asset signals strong operational resilience and positive momentum for the New York-based REIT. Investors view these developments as a bullish indicator for SLG's stock and the broader commercial real estate market recovery.