Nomad Research

Market reports from the Nomad team.

Quarterly reads on the Manhattan office market: availability, rents, the leases that cleared, and what it means for a growing tenant.

Latest report · The Nomad Notion · October 2026

Land early, expand later: how hypergrowth tech companies are rewriting the NYC office move.

In Q3 2026, high-growth New York tech and AI companies began leasing for the headcount they expect to have, not the headcount they have today. Anthropic’s 466,000 SF full-building lease at 330 Hudson Street was the largest example, and availability fell in all seven Manhattan submarkets Nomad tracks.

7 of 7Submarkets where availability fell
9.62%Penn Plaza availability, the lowest
$86.98Flatiron asking / SF, up 9.9%

Read the Q3 2026 report

Earlier quarters