Fiverr signs five-year lease in Soho

UPDATED, 9:28 a.m., May 3: The freelance services company Fiverr—perhaps best known for its subway ads celebrating “doers”—has inked a five-year lease for 38 Greene Street in Soho, according to sources familiar with the deal.

The company will occupy the entire second floor, which spans 9,400 square feet at the Zar Property NY-owned building. The asking rent was $84 per square foot.

Zar Property was represented in house, while Fiverr was represented by Gabe Marans and Sean Hoffman at Savills Studley.

Fiverr will be moving out of 401 Broadway, where it occupies 2,600 square feet.

“What drove this decision was a need for additional space in a building that reflected their consumer-facing brand,” Marans said.

Fiverr CEO Micha Kaufman echoed this comment, saying in a statement that the company is growing and “needed a new space that could facilitate that growth in New York and the various community and brand activities that come with it.”

Zar Property did not immediately respond to a request for comment.

K Property Group recently went into contract to buy the office and retail building in Soho at 446-448 Broadway for $45 million, and the Jackson Group purchased a commercial condominium in the neighborhood at 424-426 Broadway for $11 million.

This story has been updated to include a comment from Fiverr.