Key takeaways

  • Manhattan's office supply crunch is extending through 2028, handing the company rare pricing power as debt risks fade.
  • On its third-quarter 2026 earnings call, held on Oct. 22, 2026, SL Green (SLG) announced that it has reached 95% leased occupancy and expects to soon surpass 2 million square feet.
  • Management pushed replacement rents roughly 15% above previous contract rates because high-quality Midtown office space is running out.

SL Green signed over 2 million square feet of leases year-to-date. The company completed over $7 billion in financing moves for 2026.

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