- Data platform Snowflake leased 82,505 SF at BXP’s 7 Times Square, marking a relocation.
- Snowflake aims to expand its go-to-market team and strengthen customer reach in NYC.
- The lease was one of the largest in Manhattan during February 2026.
- Manhattan office leasing volume fell by nearly 40% month-over-month in February.
Snowflake Chooses Times Square Hub
Snowflake, a leading data platform provider, signed an 82,505 SF office lease at BXP’s 7 Times Square. Colliers reported the deal in its February office report.
The Commercial Observer also reported that Snowflake will relocate from 114 West 41st Street. The move places the company in a prominent Times Square office corridor in Manhattan.
Strategic Expansion in Manhattan
Snowflake’s move is designed to support its expanding go-to-market team as it continues innovation and execution serving large-scale clients. The Times Square area, home to major global enterprises and a robust talent pool, was cited as key to Snowflake’s strategy. Snowflake is headquartered in San Mateo, CA, with more than 10 US offices including in Boston, Chicago, and Denver.
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Notable Leasing Activity Amid Market Slowdown
The data platform joins other major tenants at 7 Times Square such as GSI Exim America, KnitWell Group, and Norris McLaughlin. Snowflake’s lease is among Manhattan’s largest for February, with major deals also inked by Fanatics and Latham & Watkins. Manhattan’s office leasing totaled 2.23M SF in February, according to Colliers. That figure marks a 39.5% drop from January and sits about 30% below last year’s level. The slowdown comes even as certain markets show signs of renewed momentum, particularly across fast-growing Sun Belt metros where office demand has recently been strengthening. Times Square office rents averaged $76.42 PSF in Q4 2025.
