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Late surge seals milestone year for Manhattan office leasing

With 33 million square feet leased in 2025, market enters 2026 with renewed momentum
2025 became a happy year as anticipated, above: Manhattan office leasing beat its pre-pandemic average. (TheStewartofNY/FilmMagic)
2025 became a happy year as anticipated, above: Manhattan office leasing beat its pre-pandemic average. (TheStewartofNY/FilmMagic)
CoStar Analytics
January 1, 2026 | 11:00 AM

Manhattan’s office leasing market closed out 2025 by clearing a benchmark that once felt out of reach.

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News | Late surge seals milestone year for Manhattan office leasing