New York City’s thriving office market continues to laugh off claims of “distress” — achieving leasing volume not seen in years.

Vacancy is down to 14.8% — the lowest level in five years — according to JLL’s latest “monthly market snapshot.” The rate is just 7.6% in trophy buildings, close to an all-time low.

Third-quarter leasing hit 6 million square feet, bringing year-to-year leasing to 21.7 million square feet — a year-over-year hike of 7% — JLL found. 3

Meanwhile, average direct-lease rents in Midtown jumped 2% in the third quarter, to $85.44 per square foot. The increase at trophy locations was even greater — 3.1%, to $132.24 per square foot.

A different brokerage, CBRE, found “a similar sentiment but slightly different measures,” a spokesman said, with availability and vac

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