Dandy has signed a lease for a 37,400-square-foot office headquarters in Lower Manhattan's Financial District, expanding from an initial 18,700 square feet to include the entire 31st floor of 22 Cortlandt St. Avison Young's Peter Johnson and Alexis Odgers represented Dandy in the negotiations.
“I represented the undisclosed landlord in the lease negotiations for the Ace Pickleball Club.”
Dandy expanded its office space from 18,700 square feet to 37,400 square feet by leasing the entire 31st floor at 22 Cortlandt St. Avison Young's Peter Johnson and Alexis Odgers represented Dandy, while Barrett Stern of B Stern CRE represented the landlord.
This lease expansion by Dandy signals robust demand for office space in Lower Manhattan, potentially indicating a recovery in the office leasing market post-pandemic. Investors in urban office real estate should note the increased leasing activity as a positive market signal.
Potential economic downturn affecting office demand
HighDiversify tenant mix to include recession-resistant industries.
Interest rate hikes impacting leasing costs
MediumSecure long-term leases with fixed rates to hedge against rate increases.
Remote work trends reducing office space demand
MediumAdapt office spaces to hybrid work models to attract tenants.
The article reports Dandy's expansion from 18,700 to 37,400 square feet in Lower Manhattan's Financial District. It details the lease negotiations, with Avison Young representing Dandy and B Stern CRE representing the landlord. The expansion indicates a positive trend in urban office leasing, suggesting a recovery in demand.
This source provides detailed insights into the lease expansion and the parties involved, offering a clear view of the current demand dynamics in the Lower Manhattan office market.
The expansion of Dandy's office lease indicates a bullish outlook for the Lower Manhattan office market.
rebusinessonline.com
In October 2025, Dandy initially leased 18,700 square feet on the 30th floor. By April 3, 2026, Dandy expanded to lease the entire 31st floor, totaling 37,400 square feet [rebusinessonline.com].
End of Intelligence Report · 5 Sources Verified