# Corporate leasing activity at Penn 1

> Live situation record from CLSTR: https://clstr.news/situations/corporate-leasing-activity-at-penn-1
> Updated: 2026-09-23T15:16:30.000Z. Sources: 3. Developments: 2.

The Penn 1 office tower in Midtown Manhattan, managed by Vornado Realty Trust, has seen significant leasing activity from major corporate tenants.

In early September, HR technology company Gusto doubled its presence in the building, expanding its total footprint to 76,000 square feet through a combination of a 13-year lease expansion and a five-year renewal. Later in the month, Swiss athletic apparel company On announced it would relocate its New York City headquarters to the tower, occupying 85,000 square feet across two floors.

## Timeline

### 2026-09-23: On moves NYC headquarters to Vornado’s Penn 1

Swiss sneaker brand On is moving its New York City headquarters to Vornado Realty Trust’s Penn 1, signing a 15-year lease for 85,000 square feet in Midtown.

2 sources. https://clstr.news/cluster/on-moves-nyc-headquarters-to-vornados-penn-1

### 2026-09-04: Gusto doubles office footprint at Vornado’s Penn 1

HR tech firm Gusto is doubling its presence at Vornado Realty Trust’s Penn 1 tower in Midtown Manhattan, expanding its total footprint to 76,000 square feet.

2 sources. https://clstr.news/cluster/gusto-doubles-office-footprint-at-vornados-penn-1

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Cite as: Corporate leasing activity at Penn 1. CLSTR, https://clstr.news/situations/corporate-leasing-activity-at-penn-1