Loeb & Loeb, a global law firm with over 450 attorneys across the U.S. and Asia, has expanded its Manhattan footprint by nearly 19,000 square feet at 345 Park Avenue in Midtown East. The firm signed a 16-year lease extension at the Rudin-owned tower, growing from 160,051 square feet to 178,959 square feet total.
The expansion keeps Loeb & Loeb on floors 18 through 21 of the 38-story office building. The firm maintains its existing space while adding the new footage, signaling confidence in New York's legal market despite ongoing office uncertainty.
This lease matters for several constituencies. For Rudin Management, a major New York real estate operator, the deal locks in a long-term tenant and fills vacant space in a prime Midtown East location. Office landlords have struggled to retain large tenants as companies embrace hybrid work models.
For Loeb & Loeb, the expansion reflects growth ambitions and a commitment to its New York operations. Law firms have reduced their real estate footprint in recent years, making this 19,000-square-foot addition notable. The 16-year term extends the firm's commitment well into the next decade.
345 Park Avenue, a Class A office tower completed in 1982, sits in the heart of Midtown East's legal and financial district. The building competes with other trophy addresses like 270 Park Avenue and 383 Madison Avenue for premium office tenants. Rudin has invested in modernizing the property to attract and retain major professional services firms.
For office workers and the broader market, Loeb & Loeb's expansion suggests selective demand remains for high-end Manhattan office space among firms needing collaboration and client-facing space. Law firms typically maintain larger offices than