Oppenheimer Holdings Inc. is relocating its global investment banking and wealth management headquarters within Lower Manhattan, committing to a new office at 32 Old Slip in the Financial District. The firm will move from its current base at 85 Broad St., consolidating operations into a single location in Lower Manhattan.
The new headquarters at RXR’s 32 Old Slip will accommodate more than 1,000 employees under one roof. Oppenheimer plans a phased relocation, with move-ins scheduled to begin in the first quarter of 2028. The consolidation is designed to bring staff together in a single, modern environment rather than across multiple locations.
According to the company, the new office will feature upgraded workplace infrastructure suited to contemporary financial services operations. Plans include a dedicated conference center and expanded hospitality areas to host clients and guests, underscoring the firm’s focus on client-facing space and collaborative work settings. Oppenheimer will work with architecture and design firm Gensler to plan and design the new headquarters space.
New York Gov. Kathy Hochul highlighted the headquarters commitment as a significant investment in the city, noting that Oppenheimer’s decision to remain and expand in Manhattan represents a $66 million investment and retains more than 1,000 jobs. She characterized the move as a sign of confidence in New York as a location for financial services and corporate headquarters.
On the landlord side, RXR handled negotiations internally, with in-house representatives Daniel Birney and Heidi Steinegger leading its team for the 32 Old Slip transaction. Oppenheimer was represented by JLL, whose tenant advisory team was led by Matthew Astrachan, Mitchell Konsker, Steven Bauer, Joe Messina and Andrew Lutzer. In addition to advising on the lease, JLL also provided guidance to Oppenheimer on location-related incentives and project management services associated with the headquarters relocation.
The transaction keeps a long-standing financial services employer in Lower Manhattan while channeling fresh capital into modern office space in the Financial District. With a multi-year runway until initial occupancy in 2028, the move underscores the continued role of newly built or upgraded office environments in attracting and retaining large corporate tenants in core urban locations.
