Deloitte and Amazon Drive Manhattan Office Market to Record Highs in August

According to a new report by Colliers, Manhattan's office market saw a 20% increase in leasing activity in August, totaling to 3.7 million square feet. This is a 41% jump from the same time last year, proving that the city's office market is far from slowing down.

The main reason for the surge in leasing activity is due to Deloitte's massive 807,000-square-foot deal at Related's 70 Hudson Yards. This deal alone accounted for the largest lease of the month, and is a part of the largest ground-up office development in the country since the start of the pandemic. Deloitte announced their agreement to lease nearly three-quarters of the planned New York City office skyscraper back in April.

Another major player in the Manhattan office market is Amazon, who recently expanded their footprint by 259,000 square feet. This further solidifies their position as one of the largest tenants in the city.

Despite the ongoing pandemic and remote work trends, it seems that Manhattan's office market is still thriving. Landlords are eager to fill their vacancies and tenants are taking advantage of the current market conditions. However, it remains to be seen how the market will continue to evolve as the pandemic situation develops.

https://therealdeal.com/new-york/2025/09/03/no-summer-slump-for-manhattan-office-market/