DOOM LOOP DEAD? Manhattan Office Market Roars Back as Leasing Surges, Premium Space Vanishes and Rents Climb

NYC doom loop? More like boom loop — as Manhattan office space fills up

The pandemic-era “doom loop” that supposedly threatened New York City’s future turned to a boom loop, as Manhattan’s 450 million square feet of offices are now more full than before the COVID pandemic emptied out skyscraper floors.

DOOM LOOP DEAD? Manhattan Office Market Roars Back as Leasing Surges, Premium Space Vanishes and Rents Climb

Manhattan’s office market has staged a remarkable comeback from the dark predictions of the pandemic era, with companies gobbling up space, availability falling to its lowest levels since 2020 and rents for top-tier buildings surging as employers compete for increasingly scarce premium offices, the NY Post reports. The turnaround is a striking reversal from the so-called “doom loop” that many analysts warned could engulf New York City after COVI…