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The Downtown office market is in even worse shape than widely reported data indicate, according to several major dealmakers.

One of them, an industry legend not given to doom-and-gloom scenarios, told us that huge amounts of space are quietly up for sublease even at the World Trade Center and Brookfield Place Lower Manhattans best-performing properties.

Most brokerage firms cite FiDi-area availability including space currently vacant or soon to be — at between 20% and 23%, compared with around 16% uptown. But so-called shadow space cited by the market insider could raise the total much higher.

Not every building is in trouble. The districts grim overall data are skewed by two particular enormous properties Paramount Groups transitioning 60 Wall Street, where most of 1.6 million square feet are yet to be leased, and 111 Wall Street, an entirely empty 1 million square-foot address thats now in foreclosure.

But other struggling buildings are also on the downbound train, such as 40 Wall Street. The landmark tower is about 30% empty and its plight will likely worsen as the Trump Organization skyscraper is at risk of seizure by state attorney general Letitia James.

Even more vulnerable are Downtowns large number of pre-war, Class B-minus buildings that few tenants want at any rent and which cant easily convert to residential use.

Yet hope might be on the way. According to VTS, the national real estate technology platform that uses AI to monitor and interpret market office-space tours — look-sees by companies eyeing a move or expansion have recently been higher Downtown than in Midtown or Midtown South.

Lower Manhattan saw 40% more so-called tire-kicking visits in the months of December 2023 through February 2024 than it did between September and November 2023.

A 43% increase in tours month over month easily beat Midtowns 25% and Midtown Souths 11%, according to VTS. Much of the tenant interest Downtown was by companies seeking 50,000 square feet or more.

VTS chief strategy officer Ryan Masiello said, I think generally, companies are starting to realize were at the bottom of the market right now. More companies are exploring to try to take advantage of lower rents, especially downtown, he said.

But one highly accomplished downtown market-watcher was skeptical of VTS findings.

They can only be true if theyre including the smallest users. It definitely is not true of tenants looking for more than 20,000 square feet, the insider said.

Manhattan leasing in all submarkets hit the mute button in the first quarter, according to Savills which cited a dearth of large deals.

The first quarters 6.8 million sf of transactions was 6.6% lower than in the first three months of 2023, Savills said.

Interestingly, three of the largest office deals were renewals and/or expansions by major retailers — including for Michael Kors, Burlington Stores and David Yurman, which tallied a total of nearly a half-million square feet.

At least one major landlord saw some positive news. At SL Greens 485 Lexington Ave., four recent new leases and one renewal totalled 64,303 square feet.

Leasing director Steven Durels said, Our recent success at 485 Lexington confirms that well-located buildings are experiencing increased tenant demand.

In the two largest new leases, RSC Insurance Brokerage took 27,964 square feet on the entire 17th floor and Exponent, Inc., an engineering and scientific consulting firm, took 14,383-square feet on the 22nd floor.

Smaller deals include capital markets company William ONeil & Co. for 4,797 square feet and Graham Holdings Company signed for 3,006 square feet.

In addition, Tegna, Inc., a broadcast, digital media and marketing services company, renewed its 14,078-square-foot lease on the 27th floor.

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2025 World Series: Live updates and analysis from Game 5

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2025 World Series: Live updates and analysis from Game 5

All the Toronto Blue Jays had to do after losing an 18-inning epic in Game 3 of the 2025 World Series was bounce back quickly — and beat starting pitcher/DH Shohei Ohtani and the Los Angeles Dodgers in Game 4.

Well, they did just that — and the Fall Classic is tied at 2-2. With the series sure to head back to Toronto, what will happen in the final game in L.A.? Game 5’s winner will be one victory from a ring; the loser will be one loss from heartbreak.

Follow all the action — from live analysis during the game to our postgame takeaways — right here.

Key links: World Series schedule, results

Live analysis

Gamecast: Follow the action pitch-by-pitch here

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Sources: Twins pick Shelton to be next manager

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Sources: Twins pick Shelton to be next manager

The Minnesota Twins are hiring former Pittsburgh Pirates manager Derek Shelton to be the team’s new manager, sources confirmed to ESPN’s Jeff Passan on Wednesday.

Shelton, who was fired on May 8 as the Pirates quickly slipped into last place in the National League Central, will replace Rocco Baldelli, who was fired by Minnesota on Sept. 29.

The 55-year-old Shelton was the bench coach for the Twins in 2018 and 2019 under two different managers, Paul Molitor and Baldelli.

New York Yankees hitting coach James Rowson, who held that role for the Twins under both Molitor and Baldelli before leaving to become bench coach of the Miami Marlins in 2020, was also one of the finalists. Former Seattle Mariners manager Scott Servais and current Chicago Cubs bench coach Ryan Flaherty reportedly were in the mix, too.

The Twins are one of nine MLB teams who have changed managers this year.

Shelton was named manager of the Pirates in November 2019 as part of a franchise-wide reset by owner Bob Nutting. It was his first major league managing job after serving as a coach in various capacities in Tampa Bay, Toronto and Minnesota, and he went 306-440 in his five-plus seasons with Pittsburgh.

Pittsburgh won less than 40% of its games in Shelton’s first three seasons before taking a step forward in 2023 when it won 76 games. Paul Skenes‘ arrival in 2024 gave the franchise another jolt, and the Pirates were in playoff contention until an August swoon. In 2025, the Pirates’ offense under Shelton languished near the bottom of the NL.

The Twins, who were expected to contend for the AL Central title this season, faltered in June and became active at the trade deadline, sending away 10 players while cutting $26 million from the payroll. The team went 23-43 after the All-Star break to finish fourth in the division with a 70-92 mark.

It was the fourth-worst record in the major leagues and their worst mark since 2016.

Attendance swooned at Target Field this season, with the Twins finishing with an 81-home game total of a little more than 1.7 million tickets sold, their lowest number in a non-pandemic season since 2000, when they played at the Metrodome and finished 69-93.

Fans mostly have directed their disdain toward ownership, with deep frustration over cost cutting that came after the 2023 breakthrough Baldelli led with the end of a record 18-game postseason losing streak and the club’s first win of a playoff series in 21 years.

Executive chair Joe Pohlad and his family members put the franchise up for sale in 2024, but decided in August to keep control and bring on two new investment groups for an infusion of cash to help pay down debt.

The New York Post first reported news on Shelton’s hiring by the Twins.

The Associated Press contributed to this report.

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Jays’ Springer feeling better, won’t start Game 5

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Jays' Springer feeling better, won't start Game 5

LOS ANGELES — Blue Jays designated hitter George Springer won’t start Game 5 of the World Series against the Los Angeles Dodgers on Wednesday, but Toronto manager John Schneider indicated Springer could be available off the bench.

Springer, who also missed Game 4 after leaving Game 3 early with right side discomfort, did some hitting in the batting cage and some running Wednesday.

“George is feeling better,” Schneider said Wednesday afternoon. “I think better than he expected to feel, better than we expected him to feel, which is saying a lot.”

Bo Bichette will serve as the team’s DH in place of Springer in Game 5 while Isiah Kiner-Falefa will start at second base.

The 36-year-old Springer left Monday’s contest after taking an awkward swing in the seventh inning of the Dodgers’ eventual 18-inning victory. He is 3-for-11 with two runs scored in the World Series, which is tied 2-2.

He has been a key member of the Blue Jays’ postseason run but is likely to watch at least one more game before the Series takes a day off Thursday. With the extra time to heal, it means Springer could be ready for Friday’s Game 6 in Toronto.

“He’s had an unbelievable year, and I think that he has done a phenomenal job of kind of setting the tone for us, not just at the plate but in the clubhouse and keeping tabs on guys,” Schneider said. “It’s been fun to watch him. It’s been really fun after a tough year last year for him and us.”

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