Manhattan office leasing closed out last year like it was 2019, posting its strongest quarter since before the pandemic. Demand surged, availability tightened and rents pushed higher across much of the city, according to Colliers data. Leasing activity jumped more than 25 percent quarter-over-quarter to 11.9 million square feet, the borough’s most active quarter since late 2019. “The year 2025 will be remembered as a watershed moment in the Manhattan office market’s recovery,” said Colliers’ Franklin Wallach, one of the report’s authors. For the full year, tenants inked nearly 42 million square feet of deals, the highest yearly total since […]

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