NYC investment sales reached $17.38 billion during the first half of 2026, according to preliminary data from Ariel Property Advisors’ H1 2026 All Asset Investment Sales Report. The market recorded 1,224 transactions involving 1,651 properties. Compared with the first half of 2025, total dollar volume increased 37 percent, transaction volume rose 5 percent and property volume increased 8 percent. This marked New York City’s strongest first-half investment sales performance si

Governor Kathy Hochul joined city, state, labor, and business leaders on July 9 to celebrate the official groundbreaking of the new American Express global headquarters at 2 World Trade Center. The project will be developed by Silverstein Properties on land owned by the Port Authority of New York and New Jersey under a long-term ground lease. Designed by Foster + Partners, the tower will complete the commercial office component of the 16-acre World Trade Center campus. The he

New York's leading developers pressed forward in 2025, filing plans for 19 million square feet of new projects among the city's 20 most active firms — a clear signal that confidence in the market remains strong despite ongoing trade policy headwinds. Related Companies led the pack, propelled by its massive 70 Hudson Yards office project — a 1.35 million-square-foot, 72-story tower that ranks as the nation's largest ground-up office development since the pandemic began. The fi

The Manhattan office market is experiencing an unprecedented resurgence, positioning itself for its strongest year of leasing activity in over two decades. According to the latest market report from Colliers, leasing activity during the first five months of 2026 has surged to levels not seen since the dot-com boom of 2000, signaling a robust recovery in tenant demand. Leasing volume in Manhattan reached a staggering 15.8 million square feet from January through May, represent