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Attention Peter Rosa

Posted by AlM on Tue Oct 14 13:23:05 2025

The New York City Office Market Is Roaring Back, and It’s Pricier Than Ever

Manhattan office space is leasing at a rate not seen since 2006, while office markets in other cities are plodding along

New York City’s office market is enjoying its biggest boom in nearly two decades, leaving the rest of the U.S. in its dust.

Businesses leased 23.2 million square feet of additional Manhattan office space during the first nine months of 2025, according to real-estate services firm CBRE Group. That is the largest amount of new workspace rented for that period in 19 years.

A combination of factors is fueling the recovery, from more New York workers heading back to the office regularly to the financial sector’s increasing appetite for more modern office space. Accounting and consulting company Deloitte signed one of the biggest leases this year when it rented nearly three-quarters of a new Hudson Yards skyscraper under development on Manhattan’s West Side.

Technology, media and advertising companies also gobbled up space this year, extending a recent run. Amazon.com, for one, expanded its New York presence by purchasing a Fifth Avenue building and leasing an additional 330,000 square feet.

New York is setting the pace for the rest of the country. Manhattan leasing activity in 2025 has now surpassed its 2018-2019 levels. Nationwide, office leasing remains about 11% below its prepandemic average, according to CBRE.


--- and more

But of course NYC really ought to be concentrating on real-estate-intensive manufacturing instead.



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Re: Attention Peter Rosa

Posted by Catfish 44 on Tue Oct 14 13:31:14 2025, in response to Attention Peter Rosa, posted by AlM on Tue Oct 14 13:23:05 2025.

🥚 🥚🥚🥚🥚🥚🥚🥚🥚🥚🧺

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Re: Attention Peter Rosa

Posted by LuchAAA on Tue Oct 14 14:40:37 2025, in response to Attention Peter Rosa, posted by AlM on Tue Oct 14 13:23:05 2025.

No one uses big vocabulary words like The Prince.



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Re: Attention Peter Rosa

Posted by BILLBKLYN on Tue Oct 14 14:47:50 2025, in response to Attention Peter Rosa, posted by AlM on Tue Oct 14 13:23:05 2025.

Maybe they can build a megafactory as well!

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Re: Attention Peter Rosa

Posted by Peter Rosa on Tue Oct 14 14:58:30 2025, in response to Attention Peter Rosa, posted by AlM on Tue Oct 14 13:23:05 2025.

Well that’s good … for now. The big risk is if AI starts replacing those office jobs, which is a big unknown.

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Re: Attention Peter Rosa

Posted by AlM on Tue Oct 14 17:11:18 2025, in response to Re: Attention Peter Rosa, posted by Peter Rosa on Tue Oct 14 14:58:30 2025.

for now

LOL. There's always something, isn't there?



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Re: Attention Peter Rosa

Posted by AlM on Tue Oct 14 17:12:09 2025, in response to Re: Attention Peter Rosa, posted by BILLBKLYN on Tue Oct 14 14:47:50 2025.

The country already has enough megas - it doesn't need to produce more.


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