Manifest Law, an immigration-focused law firm, has signed an 18,200-square-foot sublease at 902 Broadway in Manhattan, taking over space vacated by Adaptive Security. The asking rent stands at $75 per square foot, according to tenant broker Nomad Group, which represented the firm in the transaction.
The property, owned by developer Koeppel Rosen, sits in a prime Flatiron District location that attracts professional services tenants. For Manifest Law, the move signals expansion in a market where legal services firms continue to seek quality office space despite ongoing remote work trends.
Sublets remain a key mechanism for firms seeking flexibility without long-term lease commitments. For landlords like Koeppel Rosen, sublease activity demonstrates sustained demand and helps backfill vacant space quickly. The $75 asking rent aligns with mid-market rates for Class A office in the Flatiron area, where space typically ranges from $65 to $85 per square foot depending on floor and finishes.
This transaction reflects broader patterns in New York's legal services sector. Immigration law practices have grown notably over the past decade, driven by regulatory complexity and increased demand for counsel. Firms in this practice area often prioritize central Manhattan locations to serve clients and maintain visibility.
For tenants, 902 Broadway offers proximity to Union Square and access to transit via multiple subway lines, valuable assets for client-facing practices. The building's professional profile suits law firms seeking established office credentials.
Manifest Law's sublease demonstrates the continuing viability of Manhattan office space for specialized legal practices, even as some larger firms downsize. The Nomad Group placement underscores the role of tenant brokers in connecting firms with available space in a fragmented sublease market where landlord-direct listings remain limited.