Foot traffic in Manhattan has surpassed pre-pandemic levels for the first time since the city shut down over five years ago, signaling a significant recovery. Visits to office buildings increased 1.3% compared to July 2019. Business leaders celebrate this resurgence while acknowledging economic uncertainties, especially regarding tariffs. Leasing activity reached its highest level since 2018, driven by tourism and return-to-office policies in the financial sector. Observers note the revitalization of neighborhoods, with increased pedestrian activity contributing to a more vibrant city atmosphere.
Foot traffic in Manhattan surpassed pre-pandemic levels for the first time since the city shut down more than five years ago, according to Placer.ai, a firm that monitors pedestrian activity across the country.
Leasing activity in the first half of 2025 reached its highest level since 2018, signifying a rebound in the city's real estate market.
R.J. Hottovy, Placer.ai's head of analytical research, attributed the city's success to tourism and return-to-office mandates instituted by the financial services industry in particular.
Stuart Saft, a lawyer, shared his excitement about the area's increased vitality, noting significant improvements in foot traffic compared to last year.
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