Lucid Trading Signed Lease at 260 Spring Street
The firm secured over 8,000 square feet of office space in this SoHo mixed-use building.
Updated on Oct. 14, 2026 in Commercial
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Lucid Trading has finalized a five-year lease for 8,263 square feet at 260 Spring Street. The SoHo property serves as a mixed-use hub in New York City.
Why it matters
This move secures a long-term footprint for the firm within a prominent SoHo commercial property. It reflects the ongoing leasing activity at this 11-story building, which currently hosts tenants like FedEx and Manhattan Mini Storage.
The five-year lease spans 8,263 square feet with an asking rent of $85 per square foot. The contract was signed for space within the 11-story mixed-use facility at 260 Spring Street.
The players
Lucid Trading
A firm founded in 2025 that has secured a new office footprint in Manhattan.
StorageMart
The landlord and commercial property owner responsible for the 260 Spring Street facility.
Thomas Higgins
The representative who facilitated the lease transaction for the tenant.
Jared Rutledge
The representative who managed the transaction on behalf of the landlord.
The details
The transaction involved representation for both parties to finalize the office space occupancy. The lease agreement integrates the firm into an established property that balances commercial storage and retail logistics, placing it alongside existing tenants like Manhattan Mini Storage and FedEx. The structure of the deal ensures long-term space stability for the firm over the coming five years.
Timeline
Lucid Trading was founded in early 2025.
The lease agreement was signed on October 1, 2026.
The Home Front
This lease highlights the ongoing demand for professional space within SoHo's mixed-use building inventory. It follows the broader pattern of occupancy shifts within the Manhattan SoHo commercial real estate vacancy rate.
Local residents and neighboring businesses should expect continued commercial activity at the 260 Spring Street location. If you are tracking local business developments or commute changes, keep an eye on how increased foot traffic impacts the immediate SoHo block.
The takeaway
Commercial leasing activity in SoHo continues to evolve as firms secure multi-year commitments in the city. Keep this five-year timeline in mind when monitoring local business stability or shifts in neighborhood commercial use.
Further reading
For more on local business environments, visit Commercial.
Source note: This article includes information reported by Commercial Observer.
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