Welcome to the November 9 edition of our newsletter
What’s making headlines across NYC commercial real estate this week?
Our latest roundup brings together the office leasing deals, investment activity, development news, and market trends shaping the city’s commercial real estate landscape.
Manhattan’s office leasing momentum is raising a big question: how long can it last?
With leasing activity on pace for its strongest year since 2000, demand from law firms, financial services, and tech companies continues to drive the market. Limited new office supply and conversions to residential use are adding pressure, pushing tenants to act earlier to secure quality space. But with concerns around interest rates, inflation, and the future of AI-driven growth, the big question is whether this pace can continue into 2027.
It’s a market worth watching closely, for both tenants and landlords.
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Take a look at this week’s stories and stay informed on the latest moves and developments across New York City.
The Real Deal
Modal Labs Inks 157K SF Lease At Rudin’s 32 Sixth Avenue
MetroLoft, David Werner Nab Debt for Third Ave Conversion
New York City’s Top Office Leases in October
Manhattan Office Rents Turn Pre-Pandemic Corner
Manhattan Office Leasing Is Partying Like It’s 2000. Will It Last?
The Real Deal Ranks 2026’s Top New York City Law Firms
Manhattan 2026 Office Leasing is Record Year
Commercial Observer
MetLife Expands to 500K SF at 200 Park Avenue – Commercial Observer
U.K. Media Company Future Relocates East Coast HQ to Thor’s 25 West 39th Street
Sports Clothing Brand RBX Direct Signs 5K-SF Garment District Lease
Grow Therapy Signs 78K-SF Office Lease at Essex Crossing
Architecture Firm Corgan Expands to 41K SF at Empire State Building
Fintech Firm Octaura Holdings Inks 29K SF at ESRT’s 111 West 33rd Street
Catalyst IOS Doubles HQ at SL Green’s 800 Third Avenue to 12K SF
Northwind Provides $231M Construction Loan to Convert 675 Third Avenue
Retail, Residential Landlord Hubb NYC Signs 12K-SF Deal at 1501 Broadway
Finance Firm Webull Takes 42K SF at 140 Broadway
Law Firm Vedder Inks 49K SF Lease at 1221 Avenue of the Americas
Manhattan Office Leasing Jumped 54% Month-Over-Month in October
Vornado Reports Strong Q3 Cash Flow, Revenue Behind Brisk Office Leasing
Weil Gotshal’s Collapse Is Perfectly Timed for Manhattan’s Office Market
Juda Chetrit Seals $55M Recap for 1384 Broadway
Crain´s New York
Electronic trading company leases full floor at Empire State Realty Trust Midtown property
Midtown real estate firm to relocate to Paramount Building
AI firm’s 125K-square-foot sublease part of strong October for office market
Pfizer conversion developers land $231M for another project nearby
FiDi office tower shakes off distress just as $250M mortgage comes due
New York Post
Global law firm Vedder getting new NYC digs with move to Sixth Ave. tower – NY Post
Bisnow
High Rates, Higher Demand: Inside NYC’s Next-Gen Tenant Surge – Bisnow
New York Business Journal
Modal snags 160,000-square-foot Tribeca office after $750M funding round
Grow Therapy quadruples office space with Lower East Side lease
Northwind Group provides $231M construction loan for Midtown office-to-apartment conversion
Webull to relocate FiDi headquarters, expand office space by 81%
Octaura takes entire floor at ESRT building in Midtown
LG Ads snags first permanent NYC headquarters, more than doubling its footprint in FiDi
Weil Gotshal shutdown will empty 447,000 square feet at BXP’s GM Building
New York YIMBY
New Residential and Commercial Projects Coming to Midtown East, Manhattan
Flatiron Building Finishes Residential Conversion at 175 Fifth Avenue In Flatiron, Manhattan
Wall Street Journal
Weil Gotshal’s Demise Created a Surprise NYC Office Windfall – WSJ
