Nomura Holding Explores Downsized Relocation Options

Tokyo-based Nomura Holdings is considering relocating from its location of approximately 12-years at Worldwide Plaza, located at 825 Eighth Avenue. The investment bank currently occupies about 700,000 square feet of the roughly 900,000 square feet leased in 2011. Although Nomura’s lease extends into 2033, it includes an option to leave the building in 2027. A search has been initiated for a 500,000-square-foot space, potentially adding Nomura to the list of tenants downsizing and upgrading their Manhattan office footprints.