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 · July 2026

Manhattan Office Market Report, Q2 2026

A demand-led quarter. AI and growth-tech tenants pulled premium space off the board faster than landlords could re-list it, the sublease overhang kept shrinking, and Midtown South and Hudson Square hardened into the city’s tech core.

14.5%Availability
$80.42Avg asking / SF
<11M SFSublease supply

Read the Q2 2026 report

Earlier quarters