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Verizon backtracks on Manhattan HQ plans

Telecommunications giant lists preleased space at Vornado's Penn 2 trophy tower
Verizon signed a prelease at the Penn Two office tower in Manhattan in 2025. (Vornado Realty Trust)
Verizon signed a prelease at the Penn Two office tower in Manhattan in 2025. (Vornado Realty Trust)
CoStar News
February 19, 2026 | 7:28 P.M.

Barely six months after Verizon signed a blockbuster deal to relocate its New York City headquarters, the company is backtracking on its plans with a move to offload its preleased space in the trophy Penn Two office tower.

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News | Verizon backtracks on Manhattan HQ plans