Development, Investment, Construction, Conversions, Multifamily, Office & Retail

Manhattan leased 17.3 million square feet of office space in the first half of the year, investment sales are having their best year since 2022 and 10 million square feet of office is now in plans for conversion. At the same time, after delivering 38,682 apartments in 2025 (the most since 1965), the city’s multifamily development pipeline is slowing just as Mayor Zohran Mamdani’s rent freeze and multibillion-dollar housing plan reshape how new projects pencil. With capital coming back and policy in flux, SL Green, Silverstein Properties, Taconic Partners, TF Cornerstone, PIMCO and more are already positioning for 2027.