Written by Nick Hein, Director at Nomad

New York City’s office market is evolving fast, and 270 Park Avenue, 350 Park Avenue, 343 Madison Avenue, and 2 Penn are leading the charge in new office developments. These aren’t just new towers, they represent a future where the office isn’t just where you work, it’s where people want to be. This new generation of skyscrapers are raising the bar with design, sustainability, and amenities that make in-person work something employees are commuting for.

Let’s start with 270 Park Avenue, JPMorgan Chase’s new global HQ designed by Foster + Partners. Set for completion in late 2025, this 1,388-foot, 70-story supertall will bring 2.5 million square feet, and be the first, zero-carbon, all-electric office building in NYC. For those of you in the CRE world, you read that right.

The average ceiling height across this supertall tower is 20’… JPMorgan is making a bold statement about the future of the workplace, prioritizing employee experience with expansive 15.5-foot trading floors and a dramatic triple-height communal “Exchange.”

These features enhance daylight, spatial comfort, mechanical integration, and align with Foster + Partners’ wellness-focused, modern workplace vision. The tower is powered entirely by hydroelectricity and built with 97% recycled materials, an incredible feat at this scale.

But what really sets it apart is how it’s built around the employee experience: a food hall with nearly 20 curated options, wellness hubs with yoga and cycling studios, healthcare and physical therapy services, meditation and prayer rooms, and terraces that bring natural light into high-ceilinged event and collaboration spaces. The elevated 80-foot lobby, LED-lit diagrid façade, and expanded plazas aren’t just about looks, they make Park Avenue more accessible and vibrant at street level.

Now let’s talk about 270 Park’s biggest competitor, Citadel’s 350 Park Avenue also designed by Foster + Partners. The 62-story 1.5 million square foot supertall is nothing shy of bold. It’s even been heard that Titans of the banking industry Jamie Dimon and Ken Griffin consistently raised the height of their respective supertall towers, until Ken Griffin officially trumped the JP Morgan CEO by 300 feet.

A further symbol to midtown’s rezoning initiative showcases new developments on Park Avenue reaching new heights, and shattering what we thought were previously architectural and engineering impossibilities. Standing between icons: the Seagram Building and the Lever House, 350 Park is set to mark a new standard in commercial office space for some of the largest companies in the world.

Then there’s 343 Madison Avenue, a 46-story, ~1m square foot office tower from BXP. Designed by KPF, this building is fully electric and aims for LEED Platinum, WELL Core, WiredScore Platinum, and Energy Star certifications. Its tiered setbacks create landscaped terraces, while inside, tenants will find double-height lounges, top-floor indoor-outdoor conference spaces with city views, a lobby café, and end-of-trip facilities with bike storage, showers, and cabanas.

The building connects directly to Grand Central, adding another level of convenience. Demolition wrapped in 2023, and while construction permits are in place, the timeline depends on securing an anchor tenant by Q3-Q4 2025, with projected delivery between 2026 and 2029.

Let’s move onto some finished products, that while they may not be redesigning the NYC skyline, their re-engineering the office environment as a whole, presenting Penn 2.

Following the staggering success of the Penn 1 renovation, Penn 2 boasts 31 stories and spans 1.8m square feet of well-rounded Trophy Class office space. With direct connection to Penn Station, MSG, numerous restaurants, and all amenities across Penn 1 and Penn 2, there’s just about no reason to leave the building. It’s a place where hospitality, luxury, and professional features conjoin in a perfect trifecta of accessibility, utility, and entertainment (Penn Station Renovation).

Designed by MdeAS Architects in collaboration with Vornado Realty Trust, and Foster + Partners for the broader Penn district masterplan the project was masterfully executed. With the building now fully on the market, asking rents begin in the low $100s per square foot. To meet tenant demand, Vornado is also offering pre-built, fully furnished suites priced at approximately $140 PSF. What was once a dull and unenjoyable district to visit, now sits alongside Hudson Yards as a go to spot for tourists and New Yorkers alike.  

Together, these projects aren’t just filling gaps in the skyline, they represent New York’s unmatched momentum in driving the return to in-person work. They reflect how NYC is setting the standard for what modern office environments should be, smarter, greener, better designed, and genuinely engaging. The city’s recovery is like no other, and the energy behind these builds shows that demand for high-end, amenitized office space is only growing.

Alongside these completions, let’s look out for major planned developments like 15 Penn Plaza, 520 Fifth Avenue, and 70 Hudson Yards, each set to help define the next chapter of New York as the global capital of work and life.