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Q4 CRE Lease Report 2025
Fourth quarter 2025 leasing data indicates that New York City’s commercial real estate market remains balanced, with activity moderating year-overyear while showing sequential improvement from the prior quarter. Total square footage leased declined modestly compared to Q4 2024, yet increased quarter-over-quarter, signaling continued tenant engagement despite a more selective pace of decision-making. While the total number of deals and buildings transacted trended lower, leasing volume suggests that occupiers remain active, prioritizing efficiency, location, and value.
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Tri State Commercial leverages in-depth market research and local expertise to provide clients with actionable insights across the tri-state region. By analyzing market trends, property performance, and emerging opportunities, our team delivers the intelligence needed to support informed real estate decisions for investors, tenants, and property owners.
CRE Leasing Trends
2,090
Total Deals Leased
↓12.73% vs Q3 2025
14,211,329
Total SF Leased
↑4.36% vs Q3 2025
1,490
Buildings
↓12.76% vs Q3 2025
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Our Insights provide perspectives on market trends, emerging opportunities, and key developments across the tri-state real estate market. Through ongoing analysis and industry expertise, we share knowledge that helps investors, tenants, and property owners stay informed and make better real estate decisions.
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