Manhattan office leasing on track to hit highest volume since 2019
CNBC Televisionยท2025-09-02 18:15
Manhattan office leasing increased more than 20% in August compared with July and was well above the 10-year monthly average according to a new report from Collers. If demand continues at the same pace for the rest of this year, Manhattan's yearly volume would top 40 million square feet for the first time since 2019. Okay, so what's driving it.Well, tech. Amazon alone has leased, subleasased, or entered agreements with co-working spaces for over a million square feet since November of last year. and also th ...