TRD Insights: Manhattan office leasing actually picked up in April, but not by much

Manhattan’s office leasing market responded quickly and sharply to the coronavirus crisis in March, dragging the quarter’s total volume to a seven-year low. April’s numbers, meanwhile, show the slightest of rebounds — although leasing volume remains far below historical levels. Monthly leasing activity on the island rose 15.9 percent in April compared to March, totalling 1.35 million square feet, according to research from Colliers International. This was driven by a 54.4 percent increase in Midtown

source https://therealdeal.com/2020/05/11/trd-insights-manhattan-office-leasing-actually-picked-up-in-april-but-not-by-much/