Manhattan leasing remains red hot in October
October was yet another boffo month for Manhattan office leasing. CBRE reported activity hit 3.46 million square feet, or 61% above the five-year monthly average. Asking rents rose to $81.61 per square foot, up 6% year-over-year. Deal for 60 Wall St. bodes well for Lower Manhattan CBRE and Cushman & Wakefield have reported increased Manhattan office leasing rents. Getty Images Bondi Sushi coming to 1221 Sixth Ave Cushman & Wakefield had similar findings. It cited 26.6 million square feet leased through the first 10 months of this year, up 4.4% over the same period in 2026 . CLICK HERE TO SIGN UP FOR OUR MORNING REPORT NEWSLETTER Cushman also found Manhattan’s sublease inventory fell to 9.9 million, the first single-digit availability since October 2019. Both surveys cited Ken Griffin/Citadel’s 1.05 million square-foot deal at soon-to-rise 350 Park Ave. as the month’s 99-ton gorilla, while Ramp, Modal Labs and Morrison & Foerster all clocked in with 100,000-plus commitments. For top headlines, breaking news and more, visit nypost.com.
