
Finance Sector Grows, Onsite Work Drops: Manhattan Q3 Office Market Report
The Manhattan office market has witnessed resilience in leasing activity in 2024, positioning it to surpass the entire leasing volume of 2023 well before the year’s end. A notable increase in new leases and renewals, particularly in high-quality Class A properties, has driven this surge. This growth comes amid a wider context of economic uncertainty, including fluctuating employment trends and an overall softening in office-using job sectors in Q3 2024.