Articles of the week ending March 6th
Snowflake’s 83K Midtown office lease a rare bright spot for office market in February
By Julian Nazar, Crain’s New York Business
Manhattan office leasing slowed sharply in February 2026, with only 2.2 million square feet leased, though notable deals included Snowflake taking 83,000 square feet at 7 Times Square and expansions by Fanatics and Latham & Watkins.
RXR joins wave of office-to-residential conversions in Lower Manhattan
By Andria Cheng, CoStar News
RXR Realty is converting the historic office building at 61 Broadway near the New York Stock Exchange into 796 apartments as part of the growing shift of Lower Manhattan offices into residential housing.
Law Firm Office Leasing Nationally Is Above Pre-Pandemic Levels
By Amanda Schiavo, Commercial Observer
Law firm office leasing in the United States rose to 10.7 million square feet in 2025, surpassing pre pandemic levels and showing strong demand for high quality office space, according to a report by Savills.
Downtown Brooklyn emerges as cultural hub following residential boom
By Julianne Cuba, Crain’s New York Business
A surge in new housing in Downtown Brooklyn is driving growth in retail, restaurants, and entertainment, transforming the area into a 24 hour cultural and commercial destination.