Manhattan office leasing could hit lowest level of this century

Manhattan’s office market continues to slump. In the third quarter, deals were inked for 4.81 million square feet of office space, just half of what was leased during the same time last year. That brought the year’s total to 14.81 million square feet, also down 50 percent from the same period in 2019, according to Colliers International’s quarterly market report. If the pace of leasing continues for the rest of the year, leasing volume in

source https://therealdeal.com/2020/10/01/manhattan-office-leasing-could-hit-lowest-level-of-this-century/