NYC’s Union Square is coming back: Office and retail leasing gather momentum

Union Square's commercial revival is accelerating with office vacancies falling below Manhattan's average. Several prominent buildings have achieved full occupancy after recent leasing deals were finalized. The neighborhood's retail market also shows strong activity, with major brands signing new leases. Storefronts within the Union Square Partnership district are now 90.1% leased. This revival coincides with a notable decline in crime around Union Square Park.

By YASHASVI VASISTHA