DailyPay Signs 137K-SF Relocation Sublease Deal

Payroll services startup DailyPay has signed a 12-year sublease with S&P Global for 137,000 square feet spanning two floors at 55 Water Street in Lower Manhattan’s Financial District. Upon relocating in early 2022, DailyPay’s headquarters will more than triple in size from the current 42,500 square feet the fintech company currently occupies at nearby 55 Broad Street. The major sublease deal is a positive signal for Manhattan’s office market which was hard hit by the pandemic-driven downturn.

Source:    https://rew-online.com/wharton-arranges-biggest-sublease-of-the-pandemic/