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In conversation: North American leasing leader dissects the office recovery

Newmark’s Liz Hart explains what's changed for occupiers
Newmark's leasing team facilitated several major deals in 2025, including fintech firm Robinhood's New York lease of two floors at the newly renovated Two Penn Plaza in Midtown Manhattan. (CoStar)
Newmark's leasing team facilitated several major deals in 2025, including fintech firm Robinhood's New York lease of two floors at the newly renovated Two Penn Plaza in Midtown Manhattan. (CoStar)
CoStar Analytics
March 2, 2026 | 8:27 P.M.

Last year finally delivered the turn in demand the office market has been waiting for since early 2020. Occupancy, while still shrinking slightly for the full year, showed solid growth in the second half, rising in more than just a handful of major markets.

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News | In conversation: North American leasing leader dissects the office recovery