
Structural scare at former Pfizer tower jolts Manhattan as major office and retail deals move ahead
After columns buckled at 235 East 42nd Street, attention shifted to project safety even as office and retail leasing stayed active.

After columns buckled at 235 East 42nd Street, attention shifted to project safety even as office and retail leasing stayed active.

Manhattan office leasing hit 4.24M SF in May 2026, a 17.3% monthly jump that exceeded the 10-year average of 2.79M SF by more than 50%, per Colliers data.

Spade Data signed a 6,933-square-foot lease at 155 West 23rd Street in Chelsea, marking the first new commitment at the building since space returned to market in 2025.

TQ Ventures signed a 10-year, 7,415 SF lease at 96 Spring Street in SoHo, establishing the venture capital firm's new primary headquarters.

NYC Alliance, the company behind Juicy Couture, signed an 11-year, 50,000 SF lease at 1441 Broadway, relocating from half a block away at 1411 Broadway.

London's top-tier flexible workspace is outperforming traditional office rents, with 5-star flex space in some submarkets exceeding 200% of headline rents, new index shows.

Creation and Horizon Real Estate signed four new tenants at The Switchyard, a 10-acre mixed-use project at Ellsworth and Ocotillo roads in Queen Creek, Arizona.

Optiver expanded by 92,000 SF at BXP's 360 Park Avenue South, bringing its total to ~115,000 SF in a broader 184,000 SF leasing wave at the Midtown South tower.

Boston's coworking sector is outpacing national growth as high office vacancies create room for flexible space operators serving the city's innovation economy.
Law firm office leasing hit 10.7 million sq ft in 2025, up from 7.7M in 2023, as legal tenants lead the national office market recovery.

Newmark beat Q4 earnings estimates with 68 cents per share versus the 66-cent Wall Street consensus, even as its stock dipped amid AI disruption concerns.

Colliers adds Corey Horowitz as SVP for its tri-state region, bringing 20-plus years of office leasing expertise from Mohr Partners.