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New York's office leasing recovery moves into its next phase

In a first, new leases for initial six months of 2025 surpass some years leading up to pandemic
About 15.8 million square feet of space was newly leased in Manhattan during the first six months of 2025. (Getty Images)
About 15.8 million square feet of space was newly leased in Manhattan during the first six months of 2025. (Getty Images)
CoStar Analytics
July 1, 2025 | 6:23 P.M.

While much of the conversation about the U.S. office sector centers on "recovery," the reality for New York City is far more promising.

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