Welcome to the August 10 edition of our newsletter.
New York City’s commercial real estate market continues to evolve, with new deals, development activity, and shifting tenant demand creating plenty to watch. In this week’s issue, we’re looking at the latest news and market activity across Manhattan and the boroughs, with a focus on the stories that are shaping the conversation around NYC CRE.
Here’s a look at the headlines and developments making news this week.
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The Real Deal
Has the office-to-Resi Crackdown Arrived? – TRD
Manhattan Office Availability Shrinks To Six-Year Low – TRD
New York City’s Top Retail Leases in July 2026 – TRD
Snapchat Snaps Up 200K SF Sublease at Vornado’s Penn 2 – TRD
Vornado Opts In At 350 Park Avenue – TRD
Rudin’s 3 Times Square Fills Top Floors Following Investment – TRD
New York City’s Top Office Leases July 2026 – TRD
Vornado, Citadel’s 350 Park Lands Record Financing – TRD
DOB sweep finds no systemic safety risks in office-to-resi – TRD
Comcast Inks 141K SF Lease At 1540 Broadway – TRD
The Commercial Observer
Sapien AI Signs 11K-SF Lease at Kaufman’s 48 West 25th Street – Commercial Observer
Mediation Firm JAMS to Relocate to 55K SF at Rudin’s 3 Times Square – Commercial Observer
Midtown South Led Manhattan Office Leasing’s Stellar July Performance – Commercial Observer
Visual Effects Studio Phosphene Takes 7K SF at 90 Broad Street – Commercial Observer
Fashion House Veronica Beard Expands HQ to 60K SF at 26 West 17th Street – Commercial Observer
Snapchat Parent Company Subleases 199K SF From Verizon at Penn 2 – Commercial Observer
Vornado Foresees $350-per-Foot Rents at Park Avenue Office Tower: Earnings – Commercial Observer
Munish Viralam of Newmark: 5 Questions – Commercial Observer
The Plan: Architecture Firm Corgan Redesigned Its Own Empire State Building Office – Commercial Observer
Volastra Therapeutics Subleases 18K SF at Alexandria Center for Life Science – Commercial Observer
AI Song Maker Suno Takes 12K SF at 515 West 20th Street – Commercial Observer
Return-to-Office Gained New Momentum in First Half of 2026: Report – Commercial Observer
Angela Gentry of JLL: 5 Questions – Commercial Observer
Marx Realty to Reposition 430 Park Avenue With $68 Million Hospitality Initiative – Commercial Observer
Fintech Firm Maybern Grows to 30K SF at 10 Astor Place – Commercial Observer
AI Employee Management Platform Warp Triples Footprint at 156 Fifth Avenue – Commercial Observer
Immigration Law Firm Manifest Law Subleases 18K SF at 902 Broadway – Commercial Observer
Crain´s New York
Snap subleases more than 198,000 square feet at Penn 2 – Crain’s New York Business
Phosphene relocates in the Financial District to 90 Broad St. – Crain’s New York Business
Colliers report finds Manhattan’s office market had a historic July – Crain’s New York Business
350 Park Avenue tower developers seek to sell 25% stake – Crain’s New York Business
Volastra Therapeutics inks 18K sublease at Alexandria Center for Life Science – Crain’s New York Business
Warp expands footprint to more than 24K at Presbyterian Building – Crain’s New York Business
Fintech firm Maybern nearly triples footprint at 10 Astor Pl. – Crain’s New York Business
Fintech Advisory sues Seagram Building owner over roof leaks – Crain’s New York Business
Bisnow
Jams Moving HQ To Times Square From New York Times Building – Bisnow
Snapchat Parent Snags 200K SF Sublease At Penn 2: The N.Y. Deal Sheet – Bisnow
New York Business Journal
Jams relocating New York City office to 3 Times Square – New York Business Journal
Midtown evacuation prompts NYC investigation of 24 conversion sites – New York Business Journal
New York surpasses San Francisco in office leasing demand – New York Business Journal
New York YIMBY
LPC To Review Proposal For 257 Canal Street In SoHo, Manhattan – New York YIMBY
HUD Approves Redevelopment For Fulton And Elliott-Chelsea Houses – New York YIMBY
520 Fifth Avenue Supertall Wraps Up Construction in Midtown, Manhattan – New York YIMBY
Rendering Revealed For 100 Essex Street on Manhattan’s Lower East Side – New York YIMBY
Renderings Reveal Upcoming Seven-Story Residence for 312-322 Canal Street in Tribeca, Manhattan – New York YIMBY
LPC Approves 675 Hudson Street’s Renovation, Expansion in Meatpacking District, Manhattan – New York YIMBY
New York Post
Ken Griffin to stick with Park Ave. skyscraper plans despite Mamdani’s personal attack, anti-business policies
Ken Griffin’s Park Ave. project with Vornado expects major update this week
