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Lower Manhattan Hits Record Growth: 4.75M Sq Ft Leased!

2/17/2026

32 3 Full Breakdown

Summary

Story summary

Downtown Alliance reports a record year in 2025 for Lower Manhattan.
Office leasing reached 4.75 million square feet, doubling the previous year.
Residential population surpassed 70,000 for the first time.
Major deals include Jane Street Capital and BNY Mellon, with 592,000 square feet leased to new tenants.
Hotel occupancy reached a record 90%, with 1,500 apartment units planned due to conversions.

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Story summary

Downtown Alliance reports a record year in 2025 for Lower Manhattan.
Office leasing reached 4.75 million square feet, doubling the previous year.
Residential population surpassed 70,000 for the first time.
Major deals include Jane Street Capital and BNY Mellon, with 592,000 square feet leased to new tenants.
Hotel occupancy reached a record 90%, with 1,500 apartment units planned due to conversions.