That is 0 articles you have read today.
The Aporia is free and carries no advertising, so readers are the only
thing paying for it. If you are getting this much out of it, a small
donation is what keeps it independent.
Daily limit reached
You have read 0 articles today.
That is more than the 15 a day The Aporia gives away,
and well past what it can carry on nothing. Your allowance resets at
midnight.
There is no advertising here and nothing about you is sold, so readers
are the only thing paying for it. If the site is worth this much of
your day, it is worth a few dollars.
Everything else stays open: the
maps, the
directory and
search do
not count against this, and neither does re-opening something you have
already read today.
Manhattan's office market has rebounded strongly since the pandemic, with occupancy levels surpassing pre-COVID figures. According to recent reports by major real estate brokerages, asking rents have increased significantly across various submarkets, particularly in top-tier buildings where vacancy rates are extremely low. For example, Midtown Manhattan saw a 9.9% increase in Class-A building rental prices from the previous year. Despite high demand and rising rents, there is little new inventory expected until several large projects currently under development become available in coming years.
Written locally by qwen2.5:14b on 2026-10-02,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
In Manhattan, office space is rapidly filling up despite pandemic fears, with major real estate brokerages reporting increased demand and rising rents. CBRE noted that asking rents have risen nearly 4% year-over-year, while Savills recorded a significant increase of 9.9% in Class-A building rents from $75.44 to $94.91 per square foot. Similarly, Colliers observed an uptick from $80.71 to $84.99 per square foot in Midtown asking rents. The market remains tight with availability rates at 13.1% and 13.4%, the lowest since early 2020 according to Colliers and Savills respectively. Despite high demand, no additional office space is expected for several years due to ongoing projects such as Vornado and Ken Griffin’s 350 Park Ave, BXP’s 343 Madison Ave, and SL Green’s 346 Madison Ave.
Written for “Manhattan Office Space Boom” on 2026-10-05,
grounded in this article and the 0 other(s) covering the same event.
The pandemic-era “doom loop” that supposedly threatened New York City’s future turned to a boom loop, as Manhattan’s 450 million square feet of offices are now more full than before the COVID pandemic emptied out skyscraper floors.
asserted
pandemic → threaten → floors
Three major brokerages found that demand has driven up rents at a frenzied pace.
asserted
demand → find → pace
CBRE said Manhattan “asks” rose nearly 4% since a year ago.
asserted
asks → say → ?
Even so, “asking rent averages don’t tell the full story,” said CBRE research director Michael Slattery.
asserted
Slattery → ask → story
“The best space is being leased quickly, leaving lower-quality space on the market.
asserted
space → lease → market
As a result, rent growth for the most desirable floors is likely higher than overall figures suggest,” he added.
asserted
he → suggest → floors
Another brokerage firm, Colliers, cited a rise in Midtown asking rents from $80.71 per square foot to $84.99 year-over-year.
asserted
firm → cite → year
Asking rents leapt from $75.44 per square foot to $$94.91 in the same period – a 9.9% increase, according to Savills.
uncertain
rents → ask → Savills
But third-quarter surveys by Colliers and Savills found availability at 13.1% and 13.4%, respectively, the lowest since early 2020.
asserted
surveys → find → 2020
The intense expansion frenzy actually produced a down side.
asserted
frenzy → produce → side
Vacancy in the best modern, amenities-filled buildings is barely 12%, according to both surveys — making it near-impossible for tenants seeking to add employees.
uncertain
it → fill → employees
“I have law tenants who want to add more than 50,000 square feet and there’s close to zero available,” said a prominent commercial broker who declined to be named.
asserted
who → have → feet
“Forget the pandemic — we haven’t seen a market so tight for premium floors since before 9/11,” the broker added.
asserted
broker → forget → 9/11
The third-quarter boom was driven by major new leases, renewals and expansions across every Manhattan submarket, from the World Trade Center to 625 Madison Ave. at East 58th Street.
asserted
boom → drive → Street
The latter isn’t even built yet, but it’s where financial/insurance firm General Atlantic signed with developer Related Companies for 150,000 square feet.
asserted
Atlantic → build → feet
Law firm Proskauer Rose renewed and expanded to 476,000 square feet at 11 Times Square.
asserted
Rose → renew → Square
AI powerhouse Anthropic leased the entire 465,000 square-foot building at 330 Hudson St.
asserted
Anthropic → lease → St.
Meanwhile, even as demand shows no sign of letting up, no additional inventory will become available for years at such planned projects as Vornado and Ken Griffin’s 350 Park Ave., BXP’s 343 Madison Ave. and SL Green’s 346 Madison Ave.
asserted
inventory → show → .
“Nobody’s moving to New Jersey yet, but some companies are thinking about it for support staff,” the broker said.
asserted
broker → move → staff
JLL broker Kristen Morgan recently told The Post that tech and AI tenants couldn’t wait for a planned new Hudson Square tower that would take 18 months to build.
asserted
that → tell → months
The Aporia
