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2017 Manhattan Office Leasing: On FIRE

CBRE reports last year was a strong year for office leasing in Manhattan, with the FIRE sector leading the way.

By Betsy Kim | Updated on January 24, 2018

NYC skyline Manhattan offices create the city skyline.

NEW YORK CITY—CBRE reports Manhattan office leasing activity totaled 28.43 million square feet in 2017, up from 22.90 million square feet in 2016, and 6% more than its five-year annual average.

“2017 was an exceptional year for office leasing, due to a vibrant economy that drove numerous large-block transactions,” says Nicole LaRusso, director, research & analysis, CBRE Tri-State. “With positive economic forces at work in the local, national and global economies, we expect 2018 to follow a similarly positive course.”

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