Marex, the global financial-services platform, is packing up its New York office at Two Grand Central Tower and heading a few blocks east to Rudin’s 560 Lexington Avenue, where it is taking roughly 39,552 square feet, according to industry reporting. The move will carve out a sizeable sublease block in the Grand Central submarket and gives yet another data point to Midtown landlords who argue that refreshed class A towers are where tenants want to be.
As reported by the New York Post, Marex’s lease at 560 Lexington covers about 39,552 square feet. The tenant was represented by JLL brokers Matthew Astrachan, Seth Godinck and Krissy Kopans, while the landlord’s team at CBRE included Peter Turchin, Brett Shannon, Eric Deutch and Jacob Rosenthal. The Post also points to JLL market figures that peg Manhattan vacancy near 13.5% and show solid early-year leasing volume, numbers that landlords are using as ammunition to push asking rents higher.
Why 560 Lex Is Winning Attention
Rudin is pitching 560 Lexington as a modern, amenity-forward Midtown tower a short walk from Grand Central, with upgraded materials and a new amenity suite front and center in the marketing package. The 560Lex website plays up those improvements to appeal to finance and hedge fund tenants that want sleek space without giving up transit convenience. Coverage in the Commercial Observer highlights a run of recent deals that have helped reposition the building in the Plaza and Grand Central corridor.
Marex’s Growth And The Business Case
Marex has signaled a busy start to 2026, holding an investor day in New York and issuing a bullish first-quarter trading update that called out increases in both revenue and profit, according to a company release. That operating momentum, paired with client-facing needs in the United States, helps explain why the firm is opting for a larger, contiguous footprint in a single Midtown tower instead of being spread across older space. See Marex’s update for the company’s own description of its recent performance and strategy.
What Marex Leaves Behind
The relocation will empty Marex’s existing space in Two Grand Central Tower, the prominent Midtown property at 140 East 45th Street. The New York Post reports that the firm’s former footprint will be bundled into an approximately 80,000-square-foot sublease block. Listings and market materials for Two Grand Central show it remains an important Midtown hub, and brokers suggest that dropping a block of that size into the mix could influence nearby pricing and tenant-mix decisions as the space is worked through the market. See property listings for Two Grand Central for up-to-date availability.
Marex’s deal lines up with a broader “flight to quality” trend in Manhattan, where tenants shed dated, legacy offices in favor of renovated, well-connected towers. JLL and local market reporting have pointed to stronger demand for upgraded product across the borough, a wave that landlords such as Rudin are trying to ride with targeted capital investment and aggressive leasing campaigns.
