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Manhattan Office Market Tightens | Real Estate News

Manhattan Office Market Tightens | Real Estate News

Published 1 week, 1 day ago
Description

Manhattan’s office market is heating up—vacancy hit a six-year low in July, with just 66 million square feet available, down 32% since February. Midtown South led the charge, claiming nearly half the deals, including Anthropic’s massive Hudson Street lease. Big names like NBCUniversal and Aon renewed or locked in downtown spots, signaling strong corporate demand. Even subleases are shrinking, pointing to a tightening market where companies are committing to space—this isn’t just a rebound, it’s a real shift.

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