New York Office Market Shows Recovery, AI Leasing Surge at Sohn 2026

New York Office Market Shows Recovery, AI Leasing Surge at Sohn 2026

Peter Riguardi opened the 2026 Sohn New York conference with a declaration: New York’s office market is back. Speaking at 8:30 a.m. on May 12 alongside Hilary Spann of Boston Properties, Glen J. Weiss of Vornado Realty Trust, and Joseph Chiovitti of Morgan Stanley, the JLL chairman argued that remote-work debates have ended and demand has returned across price points. CNBC’s Diana Olick moderated the panel titled “New York Real Estate: Reading the Reset.”

The session marked a shift from speculation to execution. Spann disclosed that Boston Properties signed a 275,000-square-foot, 20-year lease at 330 Madison after Liberation Day, evidence that long-cycle capital deployment continues despite political uncertainty. Weiss announced...