Adobe Expands Office Space at 100-104 Fifth Ave.

100-104 Fifth Ave., Union Square, New York City

NEW YORK CITY—Adobe Systems has signed a seven-year lease for 16,244 square feet of office space at 100-105 Fifth Ave. The multinational computer software company, the property owner Clarion Partners, and the managing and leasing agent the Kaufman Organization agreed that Adobe will lease the entire eighth floor in addition to the fourth and fifth floors that it currently occupies. Adobe will move into the new space in the fall of this year. Asking rent for the deal was in the high $80s per square foot.

This brings the San Jose-based software company to a footprint of 46,000 square feet at the Fifth Avenue building that stands between E. 17th and E. 18th streets. With the lease, the software powerhouse highlights the continued tech sector presence in the Midtown South area with its older building stock.