Richard Plehn - Commercial Real Estate Advisor

06/25/2026

📍Sharing some new photos of this fantastic sublease opportunity at 510 Madison Avenue.

One of the things I like most about this space is the combination of efficiency and presence—it has the kind of layout and views that make a strong impression on both employees and clients.

Located on the 28th floor, this full-floor space offers impressive natural light, sweeping Midtown views, and a polished installation that would be a great fit for a law firm, private equity group, hedge fund, venture capital firm, or fintech company looking for a prestigious Madison Avenue address.

➡ Take a look and feel free to reach out if you'd like more information.
https://richardplehn.com/510-madison-avenue-28-floor-sublease/

06/23/2026

🔸Highlight CRE news: McDermott Will & Schulte will have two locations in NYC, 1 Vanderbilt and now, 343 Madison Avenue. As I mentioned in previous reports, more companies are adopting a bilocation strategy due to the limited availability of large contiguous spaces.
✅Read story on :

McDermott Will & Schulte just locked in 150,000 square feet at 343 Madison Ave.

06/22/2026

📍The Terence Cardinal Cooke Building has been making CRE headlines lately as it prepares for a new chapter.

⛪Originally built as the Archdiocese of New York's headquarters, the property is slated for conversion into hundreds of residential units—another sign of how Manhattan continues to adapt and reinvent itself.
➡Read more on this story: https://www.ourtownny.com/news/developer-that-bought-catholic-archdiocese-hq-is-latest-in-growing-office-to-housing-trend-EN5078503?utm_source=chatgpt.co

06/20/2026

A sign of how much the New York office market has changed.
In this video, I share my thoughts on the sale of 10 East 53rd Street in Midtown Manhattan. Just a couple of years ago, I believe this building would have traded for around $400 per square foot. Instead, it just sold for approximately $800 per square foot — a remarkable shift that speaks to renewed investor confidence and the growing demand for high-quality office assets in prime locations.
Read the article here: https://therealdeal.com/.../sl-green-selling-10-east.../

06/18/2026

Thought I'd share a few new photos of a space I'm marketing at 405 Lexington Avenue.

It's not every day you get the chance to tour office space in one of New York's most recognizable buildings. Between the natural light, skyline views, and unbeatable Grand Central location, this is a special opportunity for a company looking for a Midtown address with character.

📍 405 Lexington Avenue
🏢 Available for Sublease

DM for details or a tour!
Richard Plehn I Lisa Ann Pollakowski

06/04/2026

📍 World Trade Center: A quick stop at the Oculus between meetings.
No matter how many times I pass through, the scale, light, and design are always impressive.

The Oculus has become much more than a transportation hub. Beyond connecting hundreds of thousands of commuters and visitors each week, it serves as a gathering place for events, exhibitions, performances, and public activations that bring energy to Lower Manhattan.

It's a reminder that great real estate and urban design don't just move people—they create destinations and experiences.

🌐Visit www.richardplehn.com for more images and info

06/04/2026

🏢 CRE News | Strong Ownership Still Wins

While 345 Park Avenue may sit just below Manhattan's newest generation of trophy office towers, its latest leasing success is another reminder that quality ownership and proactive asset management continue to drive results.

The recent lease with Centerbridge Partners reinforces the building's enduring appeal in a market increasingly defined by the flight to quality. As tenants evaluate their workplace strategies, well-located, institutionally owned assets with strong capital backing remain highly competitive—even against newer developments.

In a city focused on shiny new towers, 345 Park Avenue shows that premier ownership, strategic reinvestment, and operational excellence still matter.
Read full story:

Rudin is in the process of bringing 45,000 square feet of new amenities to the property.

06/01/2026

🤔Need a 2–3 year office lease in Manhattan? It's becoming harder than you might think.

While recently searching space for a client, we found very few landlords willing to commit to terms under 5 years—a sign that the market is shifting.
Midtown's average lease term has increased from 86 months to 93 months year-over-year.

Visit my website for the latest Q1 2026 Manhattan Office Market Report, to understand why this is happening: www.richardplehn.com

05/29/2026

🏢Proud to have collaborated on this exciting new office lease at The Westory in Washington, D.C. Congratulations to Liu Shur Kravis LLP on the launch of their new firm and best wishes for continued success in this next chapter.
Thank you Lee & Associates Chesapeake Region, Kristin Rebeck and Mia Eglinton.
💪A great example of how strong partnerships and cross-market collaboration continue to drive opportunities in today’s office market. Thank you to everyone involved in helping bring this deal together.

Richard Plehn I Lisa Ann Pollakowski I Cory Gahr I Lee & Associates NYC

05/28/2026

🏢Highlight CRE news: Law firms continue to be one of the strongest drivers of Manhattan office leasing activity.

According to a new report highlighted by The Real Deal, firms including Willkie Farr & Gallagher and Kirkland & Ellis recently expanded their NYC footprints by more than 50,000 SF each — another sign that top-tier tenants are still committing to quality office space in Manhattan.

The legal sector remains one of the most active and stable tenant categories in today’s office market, particularly in Midtown and Midtown East.

➡Read the full story on https://therealdeal.com/new-york/2026/05/21/law-firms-keep-manhattans-office-market-humming/

Willkie Farr and Kirkland & Ellis each expanded by more than 50,000 square feet at their Midtown locations.