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Manhattan office leasing activity declined in August after improving in July. Research from Newmark Knight Frank shows that the office leasing activity during the coronavirus pandemic is down nearly 70% with 8.9 million square feet in transactions, a total of 621 deals. In July, activity began to rebound—showing potential promise for the market—with 2.9 million square feet of deals. However, activity fell again in August with only 1.4 million square feet of leasing deals during the month.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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