Databricks Expands Office Lease at 5 Bryant Park

The technology firm now occupies 120,000 square feet of office space across five floors in the Midtown Manhattan building.

Updated on Oct. 21, 2026 in Commercial

The upper facade of a modernist glass and steel skyscraper in Midtown Manhattan towers against a clear blue sky. — Databricks has expanded its office space at 5 Bryant Park, now occupying five full floors totaling 120,000 square feet in Midtown Manhattan. AI Illustration. Upload story photo >

Live Poll

Do you plan to increase or decrease your own professional reliance on traditional office space?

Databricks has expanded its office footprint at 5 Bryant Park, now occupying 120,000 square feet across five floors in the Midtown office building. This move follows a $510 million refinancing package secured by the building's owner, Savanna, in December 2025.

Why it matters

This expansion signals steady demand for premium office space in Midtown despite wider commercial real estate refinancing challenges. The building's recent $510 million debt deal highlights how major owners are managing legacy loans in the current market.

Databricks now holds 120,000 square feet of space within the 680,000-square-foot 5 Bryant Park property. The building owner, Savanna, previously secured $510 million in refinancing in December 2025, which replaced a prior $463 million CMBS loan.

The players

Databricks

A technology firm that is currently expanding its physical office footprint in major urban markets.

Savanna

A real estate investment firm that manages office assets and secures financing for commercial properties.

Blackstone

A global alternative asset manager that previously sold the 5 Bryant Park property.

The details

Databricks executed a lease expansion within its existing footprint at 5 Bryant Park, where it now utilizes five full floors. The property remains under the ownership of Savanna, which acquired the asset for $640 million in 2018. This expansion reflects broader growth for the firm, which also added 90,000 square feet to its footprint at 1 Sansome Street in San Francisco earlier this year.

Savanna acquired 5 Bryant Park from Blackstone in 2018.
The original debt for the building matured in June 2025.
Savanna secured $510 million in refinancing for the property in December 2025.
Databricks expanded its San Francisco footprint in March 2026.
Databricks announced the lease expansion at 5 Bryant Park in October 2026.

Money Landscape

The expansion follows the stabilization of the Commercial Mortgage-Backed Securities (CMBS) lending market, which saw the building owner secure $510 million in new debt. This marks a contrast to the high-interest environment that has pressured many other Midtown office owners.

While commercial lease expansions don't impact household budgets directly, they offer insight into the local business climate and property valuations. Renters and investors should monitor how major Midtown buildings handle refinancing, as it influences the local tax base and commercial area vitality.

The takeaway

Large tech firms remain active tenants in the Manhattan office market despite broader corporate cost-cutting trends. Tenants and property owners should track local occupancy rates as a signal for neighborhood economic strength and service demand in Midtown.