Streaming Platform Vimeo Signs 15K-SF Lease at Haymes’ 5 Penn Plaza

A video streaming platform is moving its New York City headquarters within the Penn District.

Vimeo, owned by Italian tech firm Bending Spoons, signed a 15,172-square-foot lease on part of the 15th floor of Haymes Investment Company’s 5 Penn Plaza, according to the brokers on both sides of the deal. Vimeo will be relocating from the 10th floor of 330 West 34th Street, about half a block away from its new Penn Plaza office.

Asking rent and the length of the lease were not immediately disclosed, but the average office asking rent for Midtown in the third quarter of 2026 was $85.53 per square foot, according to a CBRE report.

“The neighborhood has emerged as one of Manhattan’s premier office destinations, driven by significant investment in modernized buildings, transit improvements and an expanding mix of amenities,” Avison Young’s Alexis Odgers, who represented the tenant alongside Joe Gervino and Larry Zuckerman, said in a statement. “At 5 Penn Plaza, Vimeo secured a highly efficient, amenity-rich headquarters that supports its long-term workplace needs while reaffirming the district’s appeal to innovative technology and media companies.”

JLL’s Mitchell Konsker, Daniel Turkewitz, Greg Wang, Christine Colley, Kristen Morgan and Kate Roush negotiated on behalf of Haymes Investment Company.

“Vimeo is an exciting addition to 5 Penn and a meaningful transaction for the building,” Konsker said in a statement. “This deal confirms that well-positioned, amenity-rich buildings are winning in this market.”

Other tenants in the building include CFC USA, the U.S. arm of a London-based cybersecurity protection insurance provider, which signed a 13,065-square-foot lease in April, and cryptocurrency security platform Fireblocks, which signed a 35,000-square-foot lease in July 2025.

Mark Hallum can be reached at mhallum@commercialobserver.com.