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Raymond James inks lease at 320 Park Avenue

Raymond James has inked a 160,000 square-foot office lease at Mutual of America’s 320 Park Avenue, according to the NYPost. The financial services firm is consolidating from several of its smaller Manhattan locations.

  • Macro trends are pointing in the other direction: Manhattan office leasing in the second quarter was a mere 3.18 million square feet — down 72 percent from the same quarter in 2019 and the lowest quarterly total since 2009.
  • Worth Noting: The lease was signed by both sides and is now awaiting final lender approval – a common technicality not likely to affect the deal. [NYPost]

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