Office:
Manhattan Office Leasing activity surged in July, with tenants signing deals for 3.87 million square feet. Available office space tightened to 66 million square feet, the lowest supply level since 2020.

Retail:
Manhattan Retail Leasing in August was quiet. Activity was from beauty, restaurants, and grocery.

Sales:
Building sales were slow in August as interest rates rose last month. Uncertainty over the Pied-à-terre tax is slowing high-end residential sales.

New York Market Overview

Office:

Manhattan Office tenants signed leases for 3.85 million square feet, up 27 percent from June.
  1. Anthropic leased 466K sf at 330 Hudson Street.
  2. Hava.s Health leased 254K sf at 200 Madison, adding 65K sf and extending their lease through 2041.
  3. NBCUniversal leased 244K sf at 1221 Sixth Avenue.
  4. Snap subleased 199,000 SF at Penn 2.
  5. Loeb & Loeb leased 179K sf at 345 Park Avenue.
  6. Comcast leased 141,000 square feet at 1540 Broadway.
  7. Cerberus Capital Management leased 131K sf at 875 Third Avenue.
  8. United Talent Agency leased 101K sf at 350 Fifth Avenue.
  9. Legora leased 98K sf at 11 Madison Avenue.
  10. Launch Expeditionary Learning leased 77K sf at 5902 Sixth Avenue.
  11. HDR leased 75K sf at 7 Penn Plaza.
  12. Capital Group leased 70,000 sf at 345 Park Avenue.
  13. Energy Capital Partners leased 70K sf at One World Trade Center.
  14. Glasshouse leased 66K sf at 3 World Trade Center.
  15. NormAI leased 64K sf at 1 World Trade Center.
  16. Mediation service JAMS leased 55,000 sf at 3 Times Square.
  17. Genius Sports leased 53K sf at 1290 Sixth Avenue.


Retail:

  1. Purple Style Labs leased 23,800 SF at 601 Madison Avenue.
  2. Ideal Marketplace leased 14,800 SF at 317 Ninth Avenue.
  3. Whole Foods Market leased 8,100 SF at 1524 Second Avenue.
  4. Gowanus Golf Club leased 6,000 SF at 215 Water Street.
  5. MAC Cosmetics leased 5,300 SF at 579 Broadway.
  6. Solerum leased 4,700 SF at 2 Gold Street.
  7. CookUnity leased 4,700 SF at 1227 Broadway.
  8. Breeze leased 3,600 SF at 590 Fulton Street.
  9. Barolo Restaurant Group leased 2,500 SF at 250 West 49th Street.
  10. Archives of Us leased 2,400 SF at 84 Second Avenue.
  11. Cafe Aroma leased 2,200 SF at 1410 Madison Avenue.
  12. James O'Brien leased 2,000 SF at 484 Kent Avenue.


Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed
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