Manhattan Subleasing Tightens as AI Firms Fuel Office Growth in Q2

AI Summary

AI and technology firms are driving increased demand for office space in Manhattan, reducing the post-pandemic sublease inventory sharply in Q2 2026. JLL data shows sublease space fell below 11 million square feet, indicating an office market recovery supported by tech sector growth.

Artificial intelligence and technology companies have been driving demand for office space in Manhattan during the second quarter of 2026, helping to soften the city’s post-pandemic sublease glut, according to preliminary second-quarter data from JLL.  Manhattan’s sublease inventory has fallen below 11 million square feet, according to JLL, a steep drop from the late-2022 peak […]