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Manhattan’s Office Market Is in Turmoil as Recession Fears Intensify

Availability Continues To Increase Throughout New York City
Manhattan's office market will now have to contest with frothy economic conditions in addition to the rise of remote work. (CoStar/Andria Cheng)
Manhattan's office market will now have to contest with frothy economic conditions in addition to the rise of remote work. (CoStar/Andria Cheng)
CoStar Analytics
July 11, 2022 | 12:01 P.M.

Despite fundamentals improving since the onset of the pandemic, the current state of Manhattan’s office market could be characterized more as turmoil than recovery.

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