Manhattan's Real Estate Market Sees Signs of Stabilization

December 16, 2025 - 19:00

Manhattan's real estate landscape is experiencing a notable stabilization, marked by a tightening demand for office spaces and a resurgence in retail activity. According to industry expert Liz Hart, President of Leasing for North America, the outlook for New York City's property market is set to shift significantly by 2026.

Hart emphasizes that the evolving dynamics of the market are indicative of broader trends in urban real estate. The demand for office spaces, which faced challenges during the pandemic, is beginning to recalibrate as companies reassess their needs in a hybrid work environment. This shift is complemented by a robust recovery in retail, with consumers returning to physical stores and contributing to a revitalization of commercial areas.

As Manhattan navigates these changes, stakeholders are optimistic about the future of the city’s real estate. The anticipated turning point in 2026 could pave the way for renewed growth and investment opportunities, positioning New York City as an attractive destination for businesses and residents alike.