News
NY Retail Closures Continue but Analysts See Modest Rebound in 2026
Yet another wave of store closures has hit New York as 2026 begins. As a result, retail contraction continues to mirror national trends. Francesca’s is closing all locations, including several in major New York shopping centers. At the same time, GameStop is shutting dozens of stores across the state. Meanwhile, Saks Global’s bankruptcy has created […]
Read More....New York Real Estate Leaders Signal Optimism for Office Market in 2026
New York’s real estate industry entered 2026 with renewed confidence and positive momentum. This optimism was reflected during the return to the restored Waldorf Astoria for the sector’s biggest annual event. At the same time, industry leaders shared growing confidence in the city’s recovering office market. The Real Estate Board of New York hosted its […]
Read More....Office Leasing Increases with New York in the Lead
Office tenants signed approximately 410 million square feet of space in 2025, marking a meaningful year-over-year increase. Leasing volume rose more than 5% compared to weak activity recorded during 2024. In fact, 2024 produced the lowest office leasing totals in 15 years, excluding 2020. Momentum steadily improved throughout 2025, signaling cautious optimism across office markets. […]
Read More....Manhattan Office Leasing Surges in Q4
A version of this article originally appeared in CNBC’s Property Play newsletter with Diana Olick. Property Play explores emerging and evolving opportunities across the real estate investment landscape, from individual investors to venture capital firms, private equity funds, family offices, institutional investors, and publicly traded companies. Office leasing activity in Manhattan surged sharply in the […]
Read More....AI Is Powering the Office Market Recovery
Artificial intelligence companies emerged as the clear catalyst behind the national office market’s recovery this year, reshaping post-pandemic leasing dynamics and signaling a new growth cycle for commercial real estate. While many sectors remain cautious, AI-driven firms are aggressively absorbing office space, helping stabilize vacancy rates and redefine how, where, and why offices are used. […]
Read More....12 West 57th Street Cleared for Skidmore, Owings, & Merrill Skyscraper
The site at 12 West 57th Street in Midtown Manhattan, along Billionaires’ Row, has been cleared for a new, SOM-designed residential skyscraper. Here is a synopsis of the project at 12 West 57th Street: Location: 12 West 57th Street, spanning a through-lot between West 56th and 57th Streets, and Fifth and Sixth Avenues. Project: A […]
Read More....Morgan Stanley Is Looking To Offload Office Space
On December 9, 2025, Morgan Stanley has placed approximately 250,000 square feet of office space up for sublease at One New York Plaza, a move that puts a significant block of space on the Lower Manhattan market despite the bank’s firm return-to-office stance. Key Aspects The listing covers six floors at the 50-story tower and […]
Read More....Commercial Lease Obligations Driving Strict Return-to-Office Mandates
Recently on December 9th 2025, An opinion piece published in The Hill explores how commercial lease structures are increasingly dictating corporate workplace policies and strict return-to-office mandates. Key Aspects The article argues that the driving force behind the recent wave of in-person requirements is shifting from cultural concerns to contractual obligations. Landlords are leveraging occupancy […]
Read More....Midtown Tower Leases 90% of Building
On December 8th of 2025, Vornado Realty Trust has successfully pushed occupancy past the 90 percent mark at its 1290 Sixth Avenue office tower following a recent surge in leasing activity. Key Aspects Of The New Leases The Midtown Manhattan property secured two new lease agreements that total 93,000 square feet and propel the building […]
Read More....Instagram Mandates Five-Day Return-to-Office
An internal memo from Instagram head Adam Mosseri announced a new policy that requires U.S.-based Instagram employees to return to the office five days a week, starting February 2, 2026. Key aspects of the mandate: Full-Time In-Office: The policy marks a tightening of Meta’s overall stance on hybrid work. While Meta’s broader workforce (including Facebook […]
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