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Office Leasing Exceeds Pre-Pandemic Totals in These New York Neighborhoods

Tenants Flock to Areas of Midtown Manhattan
Neighborhoods in Midtown Manhattan like Penn Plaza, which is home to Hudson Yards, witnessed mid-year leasing activity outperform their pre-pandemic averages. (CoStar)
Neighborhoods in Midtown Manhattan like Penn Plaza, which is home to Hudson Yards, witnessed mid-year leasing activity outperform their pre-pandemic averages. (CoStar)
CoStar Analytics
August 6, 2024 | 7:41 P.M.

Leasing activity throughout the entire New York office market has yet to match pre-pandemic averages, lagging by about 20% of totals witnessed at the mid-year point between 2017 and 2019. However, some neighborhoods have bucked the trend.

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