News
Hudson Yards Reaches Full Office Occupancy as Manhattan Leasing Strengthens
Hudson Yards has reached full office occupancy as Manhattan’s leasing market continues strengthening. As a result, one of the country’s most ambitious real estate developments has completed its office lease-up. The mixed-use project is considered the largest private real estate development in U.S. history. Over time, the property has attracted a wide range of major […]
Read More....850 Third Avenue Lands Restaurant Tenant as Midtown Corridor Rebounds
Leasing momentum is returning to Third Avenue as redevelopment activity accelerates. As a result, 850 Third Avenue has secured a new restaurant tenant during its repositioning. The 605,000-square-foot office tower is being redeveloped by Waterman Interests and HPS Investment Partners. Currently, the building is undergoing an $80 million upgrade. As part of the repositioning, a […]
Read More....NY Industrial Market Awaits Supply Shift as Vacancy Holds Elevated
New York’s industrial market is approaching a turning point after several years of heavy supply growth. As a result, demand is expected to begin catching up with new deliveries over the next year. For now, vacancy remains elevated across the region. Rates are projected to hold in the mid-7 percent range through 2026. Even so, […]
Read More....New York Office Demand Rebounds as Leasing Activity Gains Momentum
Office demand is gaining momentum in New York despite ongoing economic uncertainty. As a result, leasing activity is showing clear signs of recovery across the market. In the first quarter, office tours reached their highest level since the pandemic. Both in-person and virtual activity increased significantly. Therefore, future leasing volume is expected to improve. Demand […]
Read More....U.S. Office Leasing Surges to 120M SF in Q1 2026
Office leasing activity across the United States showed renewed strength in the first quarter of 2026, signaling continued momentum in the sector’s recovery. Tenants signed new leases totaling approximately 120 million square feet during the quarter. This marks the highest quarterly volume since before the pandemic. In addition, the total reflects a 25% increase compared […]
Read More....NYC Office Conversions Surge as 16K Units Planned in 2026
New York City continues to lead the nation in office-to-residential conversions, as developers accelerate efforts to repurpose underutilized office space. Developers have planned 16,358 apartment units for conversion this year. This total nearly doubles the 8,310 units recorded just 12 months ago. As a result, the trend highlights a rapidly shifting urban real estate landscape. […]
Read More....Fifth Avenue Retail Corridor Gains Momentum
Retail activity along Fifth Avenue in Upper Midtown continues to gain momentum. New leases and high-profile openings are helping to reposition the corridor. Most notably, a major retail lease has been signed at 680 Fifth Avenue at East 54th Street in New York City. Sources indicate that Pop Mart will occupy the approximately 7,000-square-foot space. […]
Read More....AI Companies Drive Office Leasing Surge in New York City
Growing artificial intelligence companies are increasing demand for office space in New York City. As a result, the market is experiencing its strongest leasing year in more than a decade. While AI drives digital innovation, these companies still require physical space for employees. Therefore, many firms are securing large office blocks across Manhattan. This trend […]
Read More....Leasing Surges at 520 Fifth Avenue as Boutique Office Space Gains Traction
Leasing activity has surged at 520 Fifth Avenue, often described as an office building “hiding in plain sight.” As a result, the property is now more than 40 percent leased after just nine months of marketing. The 1,002-foot luxury tower features 210,000 square feet of boutique office space. The offices span floors nine through 34 […]
Read More....BXP Secures 230K SF in Leases at 360 Park Avenue South
BXP has secured 230,000 square feet of new and expansion leases at 360 Park Avenue South. As a result, the 450,000-square-foot building is now more than 90 percent leased. Strong demand continues to be seen from a diverse tenant base. The largest expansion was completed by Optiver, a global market-making firm. The company added 92,000 […]
Read More....
