"Verizon has quietly put the office space it preleased at Vornado's PENN 2 tower back on the market for sublease, reversing the Manhattan headquarters move it announced last summer. The space hit the market less than seven months after the July 2025 lease was signed and sends roughly 200,000 rentable square feet back into the Midtown mix, an unexpected twist for what had been held up as a marquee vote of confidence in the Penn District."
"A public listing dated Feb. 17 shows the full 8th through 10th floors, about 198,893 rentable square feet in total, being marketed as sublease space with a term running through September 2044 and Cushman & Wakefield listed as the contact broker, according to LoopNet. The posting touts large private terraces and the option to combine the floors with adjacent availability on the 11th floor, language that tracks with typical trophy-office pitches aimed at tenants hunting for big, contiguous blocks."
Verizon preleased the full 8th through 10th floors at Vornado's PENN 2, totaling about 198,893 rentable square feet, for a planned Manhattan headquarters relocation under a 19-year lease signed in July 2025. A public listing dated Feb. 17 shows those floors now marketed for sublease through September 2044 with Cushman & Wakefield as the contact broker, offering large private terraces and the option to combine with adjacent 11th-floor availability. The move returns roughly 200,000 rentable square feet to the Midtown market less than seven months after the original lease. The reversal undercuts a high-profile commitment that had been framed as a bellwether for Midtown's office recovery.
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