Ramp Expands Manhattan Office Space in Flatiron Deal
The fintech firm adds 175,000 square feet to its local footprint, now occupying most of the West 23rd Street complex.
Updated on Oct. 27, 2026 in Commercial
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Fintech company Ramp has secured an additional 175,000 square feet at the 28-40 West 23rd Street complex in Manhattan. This latest expansion brings the firm's total footprint in the Flatiron District building to 460,300 square feet.
Why it matters
The move reflects ongoing demand for premium office space in Manhattan as Ramp continues to consolidate its operations within the 12-story building. This expansion occupies a significant majority of the complex, which totals 575,000 square feet.
Ramp now occupies 460,300 square feet across six floors of the building, following a series of expansions starting from a 66,000-square-foot sublease in 2023. These additions include a 153,300-square-foot increase from March 2026.
The players
Ramp
A fintech company that has rapidly expanded its physical headquarters in Manhattan's Flatiron District.
CBRE
A global commercial real estate services firm that represented Ramp in the lease expansion.
Colliers
A professional services and investment management company that negotiated the lease for the building owners.
The details
The expansion at 28-40 West 23rd Street was facilitated by real estate brokerage firms CBRE and Colliers, who negotiated on behalf of Ramp and the building ownership, respectively. The deal further cements Ramp's presence in the Midtown South submarket, where office rents averaged $80.85 per square foot during the third quarter of 2026.
Timeline
2023: Ramp signed an initial 66,000-square-foot sublease.
Mid-2024: The sublease converted into a direct long-term lease.
March 2026: The company added 153,300 square feet of office space.
Q3 2026: Midtown South Class B office rents averaged $80.85 per square foot.
October 2026: Ramp secured 175,000 additional square feet.
The Home Front
Large-scale commercial shifts in the Flatiron District influence local property demand and neighborhood zoning priorities. These moves signal a stabilized, albeit competitive, environment for office-heavy blocks in Manhattan.
Residents living near West 23rd Street may notice increased daytime foot traffic and building activity as the company consolidates its space. Homeowners in the area should monitor local commercial real estate trends, as major corporate expansions can influence nearby property values.
The takeaway
Ramp's significant footprint expansion highlights the ongoing corporate concentration within Manhattan's Flatiron District. Keep an eye on local commercial property reports to track how major office leases impact the surrounding neighborhood's long-term housing market dynamics.
Further reading
Learn more about the latest developments in the local business landscape in our Commercial section.
Source note: This article includes information reported by Commercial Observer.
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