Office owner Fisher Brothers has secured three new leases at 1345 Avenue of the Americas. Man Investments Holdings, The ELMA Philanthropies, and Aegis Capital Holdings signed lease transactions totaling nearly 64,000 square feet at the property.

Global investment firm Man Investments Holdings signed a 33,574-square-foot lease on the 21st floor; the ELMA Philanthropies, signed a 17,686-square-foot lease for the 23rd floor; and Aegis Capital Holding will occupy 12,463 square feet on the 27th floor.

Owners and investors are watching the New York office leasing market closely, after a volatile year that left many office owners with lower occupancy rates and lower rents, thanks largely to remote work policies. At the end of summer, the Manhattan employee occupancy rate was an average of 20%, according to data from Cherre. Things improved by November, per research from the Partnership for New York City—but not by that much. On an average weekday, only 28% of workers are in situ. More than half (54%) remain fully remote, and the other 46% range some number of days during a week. Only 8% were back in their offices five days a week. Employer expectations are that by the end of January 2022, 57% will be back in the office at least three days a week while 21% will stay remote only, which isn't good news for office property owners. As a result, a third of office owners expect office demand to decrease over the next year.