Manhattan office space just dipped below 100M SF for the first time since 2020—is it a real recovery or just a shrinking market? Explore key trends, sublease shifts, and what it all means for NYC tenants.

commercial real estate

Commercial Real Estate Is Repricing Risk In 2026: The New Rules Of Tenant Leverage

The U.S. commercial real estate market is not behaving uniformly — and that matters for enterprise real estate strategy. Let’s look at the market from a bird’s eye view. Five data-backed realities are shaping tenant leverage heading into 2026: Pricing divergence is driven by liquidity and asset quality, not geography New supply is collapsing faster…

CMBS

Office CMBS Stress Is Rising: What Corporate Tenants Should Do In 2026

Office CMBS delinquencies are projected to rise from 8.4% in 2025 to 10% in 2026, according to Fitch Ratings. That sounds like “capital markets news,” but for corporate tenants it usually shows up in very practical ways: slower landlord responses, more aggressive expense recoveries, deferred building investment, and tougher renewal dynamics. The good news: stress…