July 18, 2025 | New York City
In a rare shift, the IAC Building in Manhattan—designed by legendary architect Frank Gehry—has office space available for outside tenants. IAC has put two floors of its headquarters up for lease, marking the first time any portion of the building has been publicly listed since its completion.
Located at 555 West 18th Street, the building is renowned for its striking, sail-like glass design and serves as a West Chelsea architectural icon. Originally developed solely for Barry Diller’s media empire, the building’s partial opening to the broader market signals changing occupancy needs even among prominent corporate tenants.
The leasing effort is being handled by Newmark, with a team of senior executives marketing the unique opportunity. For firms seeking high-profile space with cultural cachet and Hudson River views, this may prove to be one of the most coveted availabilities in the Manhattan office scene.
While the full story is behind CoStar’s subscriber wall, this move underscores how even iconic, purpose-built properties are adapting to shifting workplace demands and the evolving landscape of New York City’s commercial real estate market.