As spring 2026 opened, Manhattan’s office market looked uneven: neighborhood-level leasing moves in places such as Union Square contrasted with broader transaction-driven momentum in Midtown South and headline-setting rent activity in trophy Midtown.

CoStar reported that the Robin Hood charity signed a lease to relocate, a move flagged as a conspicuous piece of leasing news that underscores continued tenant interest at the neighborhood level.

The Real Deal’s quarterly market coverage showed Manhattan office leasing rallied to a stronger quarter, with activity outside the traditional Midtown core — including Midtown South — contributing to the uptick in signed deals and occupier demand.

Also noted by The Real Deal, developer and owner Stefan Soloviev’s recent transaction established a Manhattan office rent benchmark for top-tier product, signalling pricing headroom in trophy Midtown even as the market’s recovery remained uneven by submarket.

Editorial Transparency. A first draft of this story was produced with AI-assisted writing tools, then reviewed for accuracy and tone by the named editor before publication. More on our process: Editorial Policy.
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