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This Manhattan trophy office tower signals jump in high-end demand

Flight to quality helps city's prestige buildings snag largest share of deals in decades
Three tenants have inked leases at rates of $200-plus per square foot at 9 W. 57th St. in Manhattan. (CoStar)
Three tenants have inked leases at rates of $200-plus per square foot at 9 W. 57th St. in Manhattan. (CoStar)
CoStar News
April 11, 2025 | 9:53 P.M.

An iconic Midtown Manhattan tower just south of Central Park has attracted three new tenants, each agreeing to pay per-square-foot lease rates of $200-plus as trophy office buildings’ share of Manhattan’s office leasing volume rises to the highest level in decades.

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