Manhattan office availability shrinks to six-year low

The Manhattan office market stayed hot in July as leasing activity surged and available space shrank to its lowest level in nearly six years. Tenants inked deals for 3.87 million square feet, up 27 percent from June and about 28 percent year-over-year, according to data from Colliers. The month pushed year-to-date leasing volume to 26.6 million square feet, which the firm said puts 2026 on pace for its strongest annual total since 2000. The steady demand continued to chip away at supply, which dropped to 66 million square feet, the lowest since September 2020. Midtown South accounted for nearly half […]

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