Articles of the week ending January 9th
News _ Manhattan office rebound reaches ‘watershed’ moment
By Andria Cheng, CoStar News
Manhattan’s office market hit a recovery “watershed” in 2025, with leasing reaching its strongest level since 2019, driven by a flight to high-quality Class A space, rising rents, and tightening availability.
2025 Was an ‘Impressive Year’ for Manhattan Office Leasing_ Colliers – Commercial Observer
By Amanda Schiavo, Commercial Observer
Manhattan’s office market posted a strong post-pandemic rebound in 2025, with nearly 42 million square feet leased, falling availability, and robust demand across Midtown, Midtown South, and Downtown positioning the market well for continued momentum in 2026.
News _ Manhattan’s top-dollar office leases jump to record highs
By Andria Cheng, CoStar News
Manhattan’s office rebound reached new heights in 2025 as competition for scarce trophy space drove a record number of $100-plus-per-square-foot leases, led by tech and financial tenants willing to pay ultra-premium rents.
Another FiDi Office Property Slated for Residential Conversion – Commercial Observer
By Amanda Schiavo, Commercial Observer
Another Financial District office building is set to be converted into housing, reflecting the accelerating trend of office-to-residential conversions in Manhattan as developers repurpose underused office space to meet housing demand.
Manhattan’s top five office leases of 2025 _ Crain’s New York Business
By Eddie Small, Crain’s New York Business
Manhattan’s office market staged a clear comeback in 2025, highlighted by more than 40 million square feet of leasing activity and mega-deals led by NYU, Jane Street, Deloitte, Bloomberg and Moody’s.
News _ Vornado buys midtown Manhattan office property for new development
By Andria Cheng, CoStar News
Vornado’s $141 million purchase and planned teardown of a Midtown site signals growing landlord confidence, as surging Class A leasing and record top-dollar rents mark a shift back to a landlord-favored office market in Manhattan.