Manhattan office leasing saw a significant increase in August, surpassing the 10-year monthly average and on track to exceed 40 million square feet for the first time since 2019. The demand for office space has been driven by a return to in-person work, low unemployment rates, and the resurgence of key industries like tech. Notable leases by companies such as Amazon, as well as new construction projects like One Vanderbilt, have contributed to the tightening availability rate of newer office spaces in Manhattan.