Active industries in 2023 will continue to lead Manhattan demand in 2024

Manhattan leasing activity and tenants in the market share by industry

• In 2023, tenants in the FIRE sector (Finance, Insurance, and Real Estate) constituted nearly a third of the total leasing activity, comprising 31%. Additionally, they constitute 32.8% of the current active requirements in Manhattan.

 

• Law firms, tech, and media companies are also mirroring this trend by playing a substantial role in the leasing activity of 2023, while concurrently holding a significant presence in future demand.

December 13, 2023

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