Manhattan Commercial Real Estate Market Makes Rebound in First Quarter

Manhattan Commercial Real Estate Market Makes Rebound in First Quarter
Ofiice buildings reflect each other in Manhattan's business Midtown district in New York on Jan. 12, 2010. Emmanuel Dunand/AFP/Getty Images
Bryan Jung
Updated:
The Global Commercial Real Estate Services, which provides data and research material to realtors and developers, released a new report on April 7 showing around a 96 percent rise in Manhattan’s year-over-year leasing activity for Q1 2022.

The NYC commercial real estate market appears to be making a recovery after a downturn during the pandemic, but is still not up to pre-2020 levels.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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