<\/p>\n
Up, up, and away to Manhattan\u2019s Seaport District, where the <\/span>Balloon Museum<\/a><\/b> will open its U.S. flagship.\u00a0<\/span><\/p>\n The Balloon Museum \u2014 the self-described celebration of inflatable art \u2014 has signed a five-year, 54,000-square-foot lease at the <\/span>Tin Building<\/b>, according to property owner <\/span>Seaport Entertainment Group<\/a><\/b> (SEG).<\/span><\/p>\n The Balloon Museum will occupy the entire property at <\/span>96 South Street<\/b>, which was previously home to several restaurants, bars and markets. Those offerings will close immediately as SEG prepares to convert the space into the Balloon Museum.\u00a0<\/span><\/p>\n SEG did not disclose the asking rent for this lease, but the average asking rent for retail space in Lower Manhattan was $228 per square foot during the fourth quarter of 2025, according to <\/span>CBRE <\/b>data.<\/span><\/p>\n \u201cWe are thrilled to bring the Balloon Museum and its category-defining contemporary art exhibitions to the Seaport,\u201d <\/span>Matt Partridge<\/b>, CEO of SEG, said in a statement. \u201cBalloon Museum is a true global phenomenon that offers visitors of all ages a one-of-a-kind experience. We look forward to this exciting addition to the Seaport\u2019s existing portfolio of cultural experiences and other offerings, allowing our growing residential community and visitors to interact with art in an entirely new way.\u201d<\/span><\/p>\n There were no leasing brokers involved in the deal, as SEG and the Balloon Museum worked together directly. The transaction was originated by <\/span>Michael Ginsberg<\/b> and <\/span>Jonah Larrama<\/b> of advisory firm <\/span>OMG Variety LLC<\/b>. The firm could not be reached for comment.\u00a0\u00a0<\/span><\/p>\n