Where do NYC Office Rents Stand in 2026 Compared to Pre-Covid
Where do NYC Rents Stand in 2026 when compared to Pre-Covid 2018/2019 Leading up to the pandemic, the Manhattan office market had two very strong years of leasing in 2018 & 2019. This led to the overall average rent in Manhattan reaching its highest level ever at $80.43. Here is where the market now stands […]
Office Rents NYC 2026 for Every Submarket
Office Rents in NYC: 2026 Market Update Manhattan is by far the largest office market in the United States. It is primarily divided into three major markets—Midtown, Midtown South, and Downtown—each of which is further broken down into specific submarkets. Below is a snapshot of average Manhattan rents overall and within the various submarkets at […]
The “Tin Men” Approach to Tenant Representation: Why I Don’t Start with Your Budget
The “Tin Men” Approach to Tenant Representation: Why I Don’t Start with Your Budget One of my favorite movie scenes is from the 1987 Barry Levinson classic, Tin Men. Richard Dreyfuss’s character, “BB” Babowsky, is at a Cadillac dealership. When the salesman asks what he wants to pay, BB snaps: “I want to pay nothing. […]
The Taking Index: How Much Are Landlords Willing to Negotiate in the NYC Office Space Market?
The Taking Index: How Much Are Landlords Willing to Negotiate in the New York City Office Space Market? This is a question I am often asked by my clients, and it’s a critical one. The process of identifying the right office space and negotiating a deal is time-consuming; having a realistic understanding of where the […]
Trends in the NYC Office Space Market: Why “Absorption” Matters to Your Bottom Line
Trends in the NYC Office Space Market: Why “Absorption” Matters to Your Bottom Line In commercial real estate (CRE), absorption is the barometer of tenant demand. Simply put, it measures the change in occupied space in a given market over a specific period. When we analyze market health, we look at Net Absorption. The Formula […]
How to Create Leverage in a Commercial Lease Negotiation
How to Create Leverage in a Commercial Lease Negotiation Think about the following scenario: An employee goes into their boss’s office and lists all the reasons they deserve a raise. The boss responds that the company has expended a lot of capital lately, cash flow is tight, and they should revisit the conversation in six […]
The Myth of “Hidden” Office Space in NYC: Why Your Broker Matters More Than the Database
The Myth of “Hidden” Office Space: Why Your Broker Matters More Than the Database Is there a secret vault of NYC office space that only a select few brokers can access? It’s a question I hear constantly. It is also the most common reason clients give for wanting to work with multiple brokers at once. […]
The Nonprofit Balancing Act: Navigating the NYC Office Market
The Nonprofit Balancing Act: Navigating the NYC Office Market Representing nonprofit organizations has always been a cornerstone of my practice as a New York City commercial real estate broker. Over the years, I’ve noticed a consistent “balancing act” that these organizations must perform when searching for a new home. The goal is twofold: finding a […]
Manhattan Downtown Leasing Market: What to Know Going into 2026
Manhattan Downtown Leasing Market: What to KnowGoing into 2026 Leasing activity in lower Manhattan (FiDi) has entered 2026 with a sense of momentum.” Aftera dramatic surge in 2025, the market is no longer defined by pandemic-era hesitation. Leasing Activity & Historical Context In 2025, Downtown recorded 4.8 million sq. ft. of leasing activity—the strongest performancesince […]
Midtown South Market Analysis: What You Need to Know Going Into 2026
Midtown South Market Analysis: What You Need to KnowGoing Into 2026 Record-Breaking Leasing ActivityMidtown South reached new heights in 2025 as the market hit its highest-ever annual leasingtotal of 8.06 million sq. ft. To put this in perspective, the 2024 leasing total was 4.5 million sq.ft., and the previous record was 7 million sq. ft. […]