Manhattan Office Rents Surge as Workers Head Back

The numbers coming out of Manhattan's commercial market tell a straightforward story: rents are doubling, in some cases tripling, as companies fill space they had left empty. The shift marks a reversal for landlords who spent recent years managing vacancies rather than competing for tenants. It is a return-to-office trend translating directly into commercial real estate value, the kind of market recovery that shows up first in lease terms before it shows up anywhere else.

With reporting from Curbed.