Tiffany Downsizes HQ in Extension Deal

High-end jewelry retailer Tiffany & Co. will remain at its current global headquarters location at 200 Fifth Avenue, having recently signed a lease extension through 2036. As part of the deal, Tiffany will downsize from just over 400,000 square feet to 287,000 square feet. Full details of the terms were not released, but “a source said they included a triple-digit rent and a ‘nominal’ concession package.”