The Manhattan office market entered 2026 no longer defined by hesitation, but by selectivity. According to Avison Young’s Q4 2025 Manhattan Office Market Report, leasing activity reached 39.8 million square feet in 2025, the highest annual total since 2019 and a meaningful signal that tenant confidence has returned, even if footprints have not fully followed.This was not a volume-driven rebound. It was a quality-driven one.
Forty-five leases larger than 100,000 square feet closed during the year, an outcome that would have seemed unlikely even eighteen months earlier. Large occupiers are clearly willing to commit again, but only when space quality, building performance, and location align with long-term operating plans...
RSK: This is not a quantity trend but a drive towards quality office space.
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- - Volume: 26 - WEEK: 4 Date: 1/20/2026 11:50:47 AM -