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Q3 CRE Lease Report 2026
Q3 2026 reflects a market that is cooling at the top but broadening underneath. Citywide leasing volume eased quarter-over-quarter after a strong Q2, as Manhattan's large-block activity slowed from its spring peak. Beneath the headline, the outer boroughs carried more of the load. Queens and the Bronx both posted double-digit gains in SF leased, and Brooklyn signed more deals, even as average deal size contracted. Retail and industrial absorption turned positive across Brooklyn, Queens and the Bronx, while office demand diverged sharply by submarket. For tenants and owners alike, this is a market that rewards precision: the right space, in the right submarket, at the right price.
Read More: Q3 CRE Lease Report 2026Our Research Team
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 from Q3 2026
1,951
Total Deals Leased
↓4.55% vs Q2 2026
13,657,974
Total SF Leased
↓7.37% vs Q2 2026
7,001
Average Deal Size
↓2.95% vs Q2 2026
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