Manhattan Office Leasing Q3 2026: 34.31M SF in Nine Months
The Q3 2026 report on Manhattan office leasing put the first nine months’ total at 34.31 million square feet, up 8.6% year over year and the strongest nine-month performance since 2013.
The figures come from Lee & Associates NYC’s third-quarter report, as reported by the New York Real Estate Journal on October 20. They show continued tenant activity, with a slower quarterly pace than in Q2.
Manhattan Office Leasing Q3 2026: Key Figures
Metric | Result and Context |
First nine months | 34.31M SF; up 8.6% year over year, strongest nine-month total since 2013 |
Third quarter | 10.02M SF; down 10.9% from Q2, 3.1% above the five-year quarterly average |
Availability rate | 12.3%; down 0.6 percentage points from Q2, the tenth straight quarterly decline |
Considering a New York real estate-backed EB-5 project? Connect with the iCross × ARCFE team to discuss available projects and the market evidence to review.
AI and Law Firms Feature in Large Leases
The report highlighted AI company Anthropic’s 446,684-square-foot lease at 330 Hudson Street and law firm Proskauer Rose’s 412,874-square-foot renewal at 11 Times Square. Both new leases and renewals contributed to the reported activity.
For investors following New York real estate, these commitments offer concrete examples of business demand. Our recent coverage of Databricks’ expansion at 5 Bryant Park provides another company-level example to read alongside the market figures.
EB-5 Investor Insight
Active leasing is a positive sign of local business demand. When reviewing an EB-5 project, compare its intended use and neighborhood customer base with the demand behind the headline to judge how relevant the market signal is.
ARCFE View
Founded by iCross Capital, a New York City real estate credit institution with nearly 20 years of experience, ARCFE assesses signed lease terms, tenant credit and cash flow available for debt service when reviewing an office property’s income base.
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Disclaimer: Articles published under the "NYC Real Estate" category are curated from third-party media sources for informational purposes only. ARCFE does not claim ownership of the original content, nor does it guarantee the accuracy, completeness, or timeliness of the information presented. The views and opinions expressed in these articles are those of the original authors and do not necessarily reflect the position of ARCFE. Nothing contained herein constitutes investment, legal, or tax advice. Readers are encouraged to consult with qualified professionals before making any investment decisions.
