Empire State Realty Trust signs Instacart lease, lifts 111 W. 33rd Street to full occupancy

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2▲2 ▼0Impact / 5
Summary · why it matters

Empire State Realty Trust signed a new office lease with Instacart for 26,134 square feet at 111 West 33rd Street in the second quarter. The company also signed a 7,100-square-foot lease with Hansa Biopharma early in the third quarter, bringing 111 West 33rd Street to 100% leased. Additionally, 1350 Broadway is now fully leased following 12 new leases and tenant expansion deals over the past 12 months. Executive Vice President and Chief Revenue Officer Ryan Kass said the full occupancy at both properties reflects strong demand for Manhattan office space in New York City, while noting the company still has two large office spaces available for lease in 2026.

Impact on assets 3

Biotech & Genomic Medicine▲
Hansa Biopharma AB
0RC7
▲ PositiveDemandrelevance

Hansa Biopharma signed a 7,100 sq ft lease at 111 W. 33rd Street, showing office space demand.

Cloud & Digital Infrastructure▲
Maplebear Inc.
CART
▲ PositiveDemandrelevance

Instacart (Maplebear) signed a 26,134 sq ft office lease with Empire State Realty Trust, indicating physical office expansion.

Real Estate▲