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Midtown Office Market Surges Back | Real Estate News
Midtown Manhattan’s office market is roaring back, nearly hitting pre-pandemic levels with available space slashed to just 150K sq ft from March 2020. August leasing surged past average, with over 3.2 million sq ft signed—mostly in Midtown and Midtown South—showing strong demand for physical offices. Year-to-date leasing volume is up nearly 10%, on track to be the strongest since 2000, while availability hits its lowest since September 2020. Rents dipped slightly but remain higher than a year ago, signaling a market not just recovering—but actively advancing as businesses rediscover the value…
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