Marc Benioff Of Salesforce Expands Lease At 3 Bryant Park In Midtown Manhattan For 71,000 Sq Ft
3 Bryant Park
Building Size
310,500 SF
Asset Type
Office
Closing
Sep 17, 2025
AI
The property asset involved in this lease transaction is located at 3 Bryant Park, Midtown Manhattan. The asset type is office space, encompassing a total square footage of 310,500 sq ft. The landlord for this property is La Caisse, while the tenant is Marc Benioff, representing Salesforce, which is expanding its footprint at this location.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 3 Bryant Park
- Market: Midtown Manhattan
- Landlord: La Caisse
- Tenant: Marc Benioff - Salesforce
- Square Footage: 310,500 sq ft
- Expansion Area: 71,000 sq ft
- Employee Base in NYC: 3,000+
- AI Platform: Agentforce
This transaction highlights the involvement of La Caisse as the landlord and Marc Benioff as the tenant representing Salesforce. This expansion is aimed at supporting their AI platform while accommodating a significant number of employees in New York City.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93