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New York City's grip on the state economy tightens

Stronger office leasing and investment activity reinforce the city's dominance
In New York state, all roads lead to the economic engine that straddles the East River and stretches to the Hudson. (CoStar)
In New York state, all roads lead to the economic engine that straddles the East River and stretches to the Hudson. (CoStar)
CoStar Analytics
July 15, 2026 | 7:15 P.M.

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For years, New York's economic story has been framed around population loss, affordability concerns and the rise of competing markets. New data suggests a different reality: New York City is becoming an even larger piece of the state's economy, and commercial real estate markets are beginning to reflect that strength.

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