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But sublease availability remains a threat.
Manhattan ranked third among the 12 largest cities in the country for office market recovery.
Concessions landlords are making are bringing in retailers that had steered clear of Manhattan before.
The most challenged sectors see light at the end of the tunnel.
Redfin reported rents jumped 7% in a month, up 21% From 2020.
A survey by Allied and Zillow shows Florida, Texas and California as top destinations.
The absence of large projects pushes nonresidential starts lower, however the underlying trend remains positive.
There is still a fear the pandemic will drop valuations.
Primary commercial markets suffer while most others do well.
Many Americans don't feel tethered to just one place anymore, Coldwell Banker reported.