Manhattan’s Office Recovery Broadens as Third Avenue and Lexington Gain Momentum
Manhattan’s office rebound is no longer confined to the city’s most prestigious corridors. As prime avenues such as Park and Madison tighten, leasing demand is increasingly spilling into Third Avenue and Lexington, where landlords are seeing faster growth and improving pricing power. The shift underscores a broader recovery in Midtown office demand and suggests the market’s next phase may be driven by value, not just trophy assets.
