New York City, January 8, 2026
Starr has secured a 20-year lease for approximately 275,000 square feet at 343 Madison Avenue in Midtown Manhattan, relocating its headquarters. The new office tower, expected for completion in late 2029, will encompass floors 16 to 27 and features hospitality-focused and sustainability amenities. This move underlines Starr’s growth trajectory and the demand for premium office space in NYC as companies embrace modern work environments.
New York City, NY – Starr, a global investment and insurance organization, has signed a 20-year lease for approximately 275,000 square feet at 343 Madison Avenue, a new office tower currently under construction in Midtown Manhattan. This new lease will serve as Starr’s New York headquarters, as the company relocates from its existing offices at 399 Park Avenue. The lease encompasses floors 16 through 27 of the 46-story building, representing about 30% of the total space available in the tower.
Constructed by BXP, the 930,000-square-foot structure is slated for completion in late 2029. This prime location features hospitality-focused amenities and sustainability features, along with direct access to Grand Central’s Madison Concourse between 44th and 45th Streets. The development represents a significant commitment to modernizing office environments, an endeavor that often attracts major corporations seeking to enhance the workplace experience for their employees.
The chairman and co-CEO of Starr expressed enthusiasm about the move, indicating that it signifies the company’s continued growth domestically and internationally. There is a palpable excitement around the relationship with BXP and the potential that the completed building holds for enhancing workplace productivity and employee satisfaction.
The Executive Vice President of BXP’s New York Region commented on the location’s strength and the ongoing demand for high-performance workplaces in the area. She indicated that the collaboration to create a next-generation working environment will help elevate how people work, connect, and thrive in New York City, underscoring the value of private investment in economic growth.
### The Demand for Premium Office Space
This lease highlights the ongoing demand for premium office spaces in Midtown Manhattan. As companies slowly return to in-person operations post-pandemic, many are reassessing their office needs and looking for modern, sustainable, and strategically located environments. The continued investment in high-quality office space suggests that businesses are optimistic about future prospects and the resilience of the New York economy.
### Sustainability and Workplace Innovation
The focus on sustainability in the design of 343 Madison Avenue reflects a broader trend among corporations prioritizing eco-friendly practices. Emphasizing sustainability not only meets regulatory demands but also appeals to the growing number of employees and customers who value corporate responsibility. The incorporation of hospitality-focused amenities also aligns with a shift in workplace culture, which prioritizes employee well-being and satisfaction—key drivers of productivity.
### Encouraging Business Growth
Starr’s decision to relocate and occupy a modern office space reinforces the notion that businesses can thrive in New York amidst changing economic conditions. The prolonged lease signifies confidence in the city’s commercial landscape, potentially influencing other businesses to follow suit. This behavior reaffirms the importance of a favorable business environment that encourages private investment, entrepreneurship, and hence, job creation.
### Conclusion
The signing of this lease by Starr emphasizes a critical trend in New York City’s economy—the continued appeal of premium, modern office spaces in a rapidly recovering market. Optimistic investments like these represent the determination of businesses to adapt and innovate in their quest for growth. As local entrepreneurs and companies focus on enhancing their environments, they contribute to the broader economic health of the neighborhoods they inhabit. Support for local businesses and awareness of ongoing developments will be essential for fostering a robust and resilient economy in New York.
Frequently Asked Questions
What is the size of the lease signed by Starr at 343 Madison Avenue?
The lease signed by Starr is for approximately 275,000 square feet, covering floors 16 through 27 of the building.
When is the 343 Madison Avenue building expected to be completed?
The 46-story tower is expected to be completed in late 2029.
What amenities will the new building offer?
The building will feature hospitality-focused amenities and sustainability features, with direct access to Grand Central’s Madison Concourse between 44th and 45th Streets.
Why is Starr relocating its headquarters?
Starr is relocating its New York headquarters to accommodate its continued growth in the U.S. and globally.
Who is the developer of 343 Madison Avenue?
The developer of 343 Madison Avenue is BXP, the largest publicly traded developer, owner, and manager of premier workplaces in the United States.
| Feature | Details |
|---|---|
| Lease Size | Approximately 275,000 square feet, covering floors 16 through 27 of 343 Madison Avenue. |
| Building Completion | Expected in late 2029. |
| Amenities | Hospitality-focused amenities, sustainability features, and direct access to Grand Central’s Madison Concourse between 44th and 45th Streets. |
| Developer | BXP, the largest publicly traded developer, owner, and manager of premier workplaces in the United States. |
Now Happening on X
- @NYBizJournal (Jan 7, 2026): Global investment and insurance firm Starr has signed a 20-year lease to relocate its United States headquarters to a Midtown office tower currently under construction, taking nearly a third of the building’s space. View on X
- @DailyREITBeat (Jan 7, 2026): BXP has signed a 275,000 square foot, 20-year lease with global insurance giant Starr to anchor its newest development at 343 Madison Avenue, a 930,000 square foot tower rising in Midtown. View on X
- @trdny (Jan 7, 2026): BXP lands major tenant, investment firm Starr, at 343 Madison. View on X
- @CrainsNewYork (Jan 7, 2026): BXP finalizes massive Midtown office lease as market enjoys strong start to 2026. View on X
- @commobserver (Jan 7, 2026): BXP’s planned 343 Madison Avenue aims for a ‘hospitality-infused vibe’ in Midtown Manhattan. View on X
- @NewsFromBW (Jan 7, 2026): BXP and Starr announce lease signing at BXP’s 343 Madison Avenue in Midtown Manhattan. View on X
- @EladioSantiag14 (Jan 6, 2026): Manhattan office leasing in the fourth quarter was the strongest in 6 years, amid discussions on commercial real estate market dynamics. View on X
- @CoyDavidsonCRE (Jan 6, 2026): Related Companies lands $2.45B financing for 70 Hudson Yards: NYC’s biggest office construction loan since 2020, with Deloitte anchoring a major lease in the first ground-up Manhattan tower in over 5 years. View on X
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