New York City, NY Commercial Real Estate

New York real estate exerts a timeless appeal, whether you are a solopreneur, a startup setting up shop, or a Fortune 100 company. Regardless of industry, the diversity of commercial space for lease in New York can accommodate businesses of any size. While not famous for its sprawl, the New York market certainly ranks among the densest concentrations of commercial real estate in the nation — not only a city that never sleeps, but also a city that never stops building.

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With 93,381,226 square feet of commercial real estate for lease in New York, it would be hard to not find something that suits your business needs. Filter through 7,499 commercial spaces for lease in New York, for which the average rent rate starts at $46.61/sqft/year. The average listing size across all property types and building grades is 12,785 square feet. Listings include commercial space in 114 trophy grade and 683 class A New York commercial buildings.

Chelsea, New York
$53/Sqft/Year

115 West 27th Street

115 West 27th Street, Chelsea, New York, NY 10001
115 West 27th Street located at 115 West 27th Street is a Class B Office building was completed in 1910 and features a total of 59,441 Sqft.
Property
Office
Availability
4 Spaces / 12,500 Sqft
Financial District, New York
$49/Sqft/Year

Westinghouse Building

150 Broadway, Financial District, New York, NY 10038
There are 10 Office spaces available for lease at 150 Broadway, totaling 47,585 Sqft. The largest space available has 12,500 Sqft and a rental rate of $49/Sqft/Year.
Property
Retail
Availability
10 Spaces / 47,585 Sqft
Murray Hill, New York
$52/Sqft/Year

650 1st Avenue

650 1st Avenue, Murray Hill, New York, NY 10016
650 1st Avenue is located at 650 1st Avenue in the Murray Hill neighborhood, with 5 Office spaces available for lease.
Property
Office
Availability
5 Spaces / 31,499 Sqft
Sunset Park, Brooklyn
$16/Sqft/Year

4201-4223 1st Avenue

4201 1st Avenue, Sunset Park, Brooklyn, NY 11232
This building offers automatic passenger and freight elevators, with 2 dedicated off-street loading docks. Windows on all sides provide great natural light.
Property
Industrial
Availability
2 Spaces / 34,000 Sqft
Springfield Gardens, Jamaica
3 Spaces Available

167-43 148th Avenue

167-43 148th Avenue, Springfield Gardens, Jamaica, NY 11434
There are 3 Industrial spaces available for lease at 167-43 148th Avenue, Jamaica, NY, 11434, totaling 3,875 Sqft. The largest space available has 2,600 Sqft.
Property
Industrial
Availability
3 Spaces / 3,875 Sqft
Garment District, New York
$478.2/Sqft/Year

147 West 35th Street

147 West 35th Street, Garment District, New York, NY 10001
Amazing office space in the heart of midtown west. close to all transportation and penn station. Was completed in 1927 and features a total of 99,184 Sqft.
Property
Office
Availability
1 Space / 670 Sqft
College Point, Flushing
$44.5/Sqft/Year

16-16 Whitestone Expwy

16-16 Whitestone Expwy, College Point, Flushing, NY 11357
There are 13 Office spaces available for lease at 1640 5th Street, Santa Monica, CA, 90401, totaling 17,506 Sqft.
Property
Office
Availability
2 Spaces / 38,733 Sqft
Fresh Meadows, New York
$45/Sqft/Year

176-60 Union Turnpike

176-60 Union Turnpike, Jamaica Estates, Fresh Meadows, NY 11366
There is 1 Office space available for lease at 176-60 Union Turnpike, Fresh Meadows, NY, 11366, totaling 5,000 Sqft. The largest space available has 5,000 Sqft
Property
Office
Availability
1 Space / 5,000 Sqft
Brooklyn, New York
$23/Sqft/Year

Leviton Building

236 Greenpoint Avenue, Greenpoint, Brooklyn, NY 11222
There is 1 Industrial space available for lease at 236 Greenpoint Avenue, Brooklyn, NY, 11222, totaling 21,000 Sqft.
Property
Industrial
Availability
1 Space / 21,000 Sqft

New York City Commercial Real Estate Market Stats

Commercial real estate in New York spans the five boroughs. Although Manhattan remains the point of densest concentration, Brooklyn, Queens, Bronx, and Staten Island have also been seeing changes in commercial property and are absorbing the growth flowing outward from the central business district gleaming between the East and Hudson rivers.

There is no shortage of commercial real estate for lease listings in New York. Spaces available total 93,381,226 square feet across all commercial property types. There are 7,499 commercial spaces for lease in properties including office, retail, and industrial. Whether looking to lease small-size or large, basic box or complex space, the New York market has an offer for you — listings range in size between 77 square feet and 1,800,000 square feet. The average rent rate for commercial space for lease in New York is $80.10 per square foot per year.

Listings on the New York market include 683 class A commercial properties, and 114 that are class A+. The average rental rate for class A commercial space in New York is $68.57 per square foot per year, while class A+ rentals command $94.58 per square foot per year. The average rent for class B commercial space for lease in New York is $59.98 per square foot per year, while rents for class C commercial property listed locally average $46.61 per square foot per year.

Commercial real estate news

From our blog

Industrial Deliveries Growth in 2020
First National Realty Partners Acquires N.J. Office Building

April 30, 2020

Real estate investment firm First National Realty Partners recently announced the purchase of The Coastal Building in Red Bank, NJ. The property will add 29,178 square feet of Class A Jersey Shore office space to the company’s portfolio.

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Office Submarkets in 2019
Amazon Expands Presence in Baltimore-D.C. Commercial Corridor

April 24, 2020

Cushman-Wakefield completed the $91 million sale of Techwood Business Center in Hanover, Md., on behalf of the seller, RREEF Management LLC. Amazon was the buyer in the deal, adding the Baltimore business park to its expanding portfolio in the state of Maryland.

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Retail News
Charlotte’s Hearst Tower Changes Hands in $446M Deal

April 14, 2020

Atlanta-based Cousins Properties has completed the sale of Hearst Tower. The Uptown Charlotte office property changed ownership to locally based Truist Financial Corporation. Commanding a gross price tag of $455.5 million, the building sold for roughly $470 per square foot.

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