Back to today’s briefing

Story perspectives

Manhattan Office Rents Surge: Predictions Reach $250 PSF

1/5/2026

25 5

Summary

Story summary

Manhattan office rents surged in 2025, with 313 leases starting at $100 per square foot, a significant increase from 2024.
Some insiders predict rents could reach $250 psf due to high demand and limited supply.
The available supply dropped from 20% to 13.2%.
Kyndryl signed leases for $305 psf.
Top-tier spaces command about 15% more than the current average of about $85 psf.

1 of 1

Story summary

Manhattan office rents surged in 2025, with 313 leases starting at $100 per square foot, a significant increase from 2024.
Some insiders predict rents could reach $250 psf due to high demand and limited supply.
The available supply dropped from 20% to 13.2%.
Kyndryl signed leases for $305 psf.
Top-tier spaces command about 15% more than the current average of about $85 psf.