Surges

NEW YORK — Office leases in New York City were disappointingly small in 2023, signaling a slowdown in the commercial real estate market. While some deals were larger than in the previous year, they still fell short of the record-breaking leases seen in 2019. However, the market made a surprising recovery towards the end of the year, with several significant leases signed in December. The largest lease of 2023 was signed by the white shoe law firm Paul Weiss, who took 765,000 square feet at Fisher Brothers’ 1345 Avenue of the Americas. This lease seemed … Read more