Swiss Running Brand On Expands New York Office Footprint With Penn 1 Lease
New York, USA | September 26, 2026: Swiss running brand On is expanding its New York office presence by signing a lease at Vornado Realty Trust’s renovated Penn 1 office tower, adding another major occupier to one of Manhattan’s most transit-connected commercial properties.
The move comes as On continues to grow its business, making location and workplace connectivity increasingly important for its expanding New York operations.
On Moves Into Vornado’s Renovated Penn 1
On is relocating its New York office operations to Penn 1, a major office property owned by Vornado Realty Trust.
The building is directly connected to the Penn Station transit hub, giving employees access to one of Manhattan’s most important rail and subway connections.
Why Penn 1 Matters for Office Demand
Penn 1 has undergone significant investment and renovation as Vornado works to strengthen the property’s appeal to office tenants.
Its direct connection to Penn Station provides a key advantage for companies seeking convenient access for employees and visitors across the New York metropolitan area.
For office occupiers, transit access has become an increasingly important factor when evaluating Manhattan workplace locations.
On Continues New York Expansion
The lease represents an expansion of On’s New York office footprint as the Swiss running brand continues to grow.
The company has experienced strong sales growth, supporting its need for additional corporate infrastructure in important markets such as New York.
The move also places the brand within a major commercial district surrounding Penn Station and Madison Square Garden.
Penn 1 Strengthens Its Tenant Base
For Vornado, bringing On into Penn 1 adds another recognizable consumer brand to the building's tenant mix.
The property offers more than 2.5 million square feet of office space and has been positioned around its connectivity to Penn Station and the broader transformation of the surrounding district.
What It Means for Manhattan Office Real Estate
The On lease highlights how transit connectivity, renovated workplaces and access to major commercial destinations continue to influence office leasing decisions in Manhattan.
Penn 1's location gives tenants direct access to Penn Station while placing them near Madison Square Garden and other major Midtown commercial assets.
For landlords, securing growing companies can help demonstrate demand for upgraded office space in locations with strong transportation infrastructure.
What Happens Next
On will transition its New York office presence to Penn 1 as part of its broader expansion.
The lease adds to the ongoing repositioning of the Penn Station area, where landlords are competing to attract companies to renovated office properties with improved amenities and transportation access.