Phosphene, an Emmy-nominated visual effects studio, has completed a lease agreement for 7,383 square feet at 90 Broad Street, a property owned by Princeton International in Manhattan's Financial District. This was announced by tenant representative Avison Young. Phosphene will vacate its current office at 5 Hanover Square, also in the Financial District, as that building is being converted from an office property into a residential tower.
The terms regarding the asking rent and lease duration were not disclosed. According to data from Colliers, the average asking rent for office space in Lower Manhattan in the second quarter of 2026 was $63.76 per square foot.
Oliver Petrovic and Story Langston of Avison Young represented Phosphene in this lease. The landlord was represented by Jon Fein of Cushman & Wakefield. Oliver Petrovic commented that the continuous reduction in office space supply due to conversions makes it increasingly important for tenants to plan ahead and act decisively. For Phosphene, this relocation offered the opportunity to create a fit-for-purpose environment that better meets the requirements of a growing post-production company.
Vivian Connolly, CEO of Phosphene, emphasised the often underestimated complexity of a real estate undertaking when relocating a visual effects studio. She praised Oliver Petrovic and his team for understanding the requirements and navigating the New York real estate market intelligently and efficiently. The company looks forward to the new, improved, and fully customised space.
Built in 1932, the building at 90 Broad Street spans an entire block between Stone Street and Bridge Street. Other tenants in the building include the law firm Sher Termonte and the non-profit STEM organisation BEAM.
- —Property: 90 Broad Street, Financial District, Manhattan
- —Tenant: Phosphene (Visual Effects Studio)
- —Area: 7,383 square feet
- —Tenant Broker: Avison Young (Oliver Petrovic, Story Langston)
