
Manhattan Office Leasing Stays White-Hot as the Best Space Runs Out
Tenants signed 10.5M SF in Q2 and availability fell to its lowest since 2020.
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Tenants signed 10.5M SF in Q2 and availability fell to its lowest since 2020.

The 2 World Trade Center groundbreaking is an owner-occupier conviction bet on gateway office.

A 20-year institutional hold clears the market, proving leased Sun Belt office has liquidity.

22.8M SF leased in H1 and rents at a five-year high complicate the "office is dead" narrative.

Absorption climbs and prime vacancy falls — while commodity buildings still clear at 60–70% discounts.

AI was supposed to shrink legal footprints. In 2026 it's expanding them.

Office-to-residential starts more than double even as a Class A rebound shrinks the feedstock.

The same market that just set a four-year price high also watched a 1.2M-SF tower hand back its loan.

Glenstar took control of a West Loop high-rise for a fraction of its 2019 price — through the loan, not the title.

AI tenants drove a quarter of all big-market office leasing as San Francisco nears a three-decade high.

A 91%-leased, 376K SF Dallas campus trades — with an $80.3M acquisition loan attached.

The GSA says aging stock and funding bottlenecks are stalling the federal real-estate overhaul — slowing office clearing nationwide.

Eight months after opening a new New Jersey HQ, Samsung is moving it to Texas.

A major lease renewal at 315 Hudson lands while the office narrative stays bearish.

Conversions reach ~90,300 units in 2026 — now nearly half of all adaptive reuse.

Manhattan trophy leasing roared back in Q1 as Nscale's record One Vanderbilt deal exposed how narrow "recovery" really is.

Distressed San Francisco office loan tests buyer appetite for legacy office assets.

Yield certainty overtakes growth as the dominant investment objective.

Public market exits accelerate as office capital seeks time, control, and repricing away from daily volatility.

Cloud and AI tools target forecasting accuracy and grid reliability
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