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Maybank and Park 55 Medical Associates lease space at 575 Madison Ave
Maybank plans to relocate its New York City offices from 400 Park Avenue, while the building’s Midtown average asking rent in Q3 2026 was $85.08 per square foot.
A Malaysian bank and a concierge medical practice have leased a combined 14,103 square feet of office space at 575 Madison Avenue in Midtown, Commercial Observer reports. Malayan Banking Berhad, also known as Maybank, signed the larger deal for 8,629 square feet across the full 24th floor, according to landlord broker CBRE. The outlet said CBRE did not disclose the asking rent for the transaction.
Commercial Observer also reported that a smaller lease was signed by Park 55 Medical Associates. Dr. Wendy Ziecheck and Dr. Christopher Barley will practice medicine after Park 55 leased 5,474 square feet on part of the 10th and 15th floors of the building.
The article said Maybank will relocate its New York City offices from 400 Park Avenue, about three blocks away. Commercial Observer added that the average asking rent for Midtown office space in the third quarter of 2026 was $85.08 per square foot, citing a Colliers report.
The story attributed CBRE’s remarks to Gregg Rot, describing the address as appealing to financial and professional services tenants seeking building amenities, according to the outlet.