NEW YORK CITY-While it appears 2013 was a record-breaker for the office market in Manhattan, landlords shouldn't expect a repeat performance this year, according to new research from Colliers International.

The Manhattan office market finished last year with a bang, bringing the yearly leasing total to 33.9 million square feet—the borough's highest level since the market's 2005-2007 peak, according to new research from. The fourth quarter saw an unusually high level of leasing—at 13.1 million square feet—with the overall market supported by the economic recovery, near-record property values and major Downtown leases signed just as the quarter ended.

However, sustained but moderate job growth and the continued troubling pattern of little to no growth in the financial sector suggest that it may be a challenge to bring 2014 leasing totals to the same level as the highs that were hit last year.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.