1 of 1
Story summary
- Artificial intelligence firms are driving a rebound in Manhattan's office leasing, the strongest in over a decade.
- In 2025, leasing reached 42.9 million square feet as OpenAI and EliseAI expanded their footprints.
- Rents rose 2.8% to $77.57 per square foot due to rising demand and limited construction.
- New York City remains the second-largest U.S. tech hub, housing over 9% of the nation's AI workforce and 8,750+ startups.
