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.See our listings
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With 72,092,559 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 5,623 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.
The Falchi Building
8 Spaces / 165,839 Sqft
10 Spaces / 47,585 Sqft
Brooklyn Army Terminal - Flex Bldg
8 Spaces / 408,000 Sqft
4201-4223 1st Avenue
2 Spaces / 34,000 Sqft
Fashion Accessories Center
13 Spaces / 35,283 Sqft
147 West 35th Street
1 Space / 670 Sqft
16-16 Whitestone Expwy
2 Spaces / 38,733 Sqft
176-60 Union Turnpike
1 Space / 5,000 Sqft
404-408 West 14th Street
1 Space / 35,000 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 72,092,559 square feet across all commercial property types. There are 5,623 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
July 15, 2020
Lyda Hill Philanthropies and J. Small Investments recently announced their future-focused redevelopment plans for Pegasus Park. The project aims to boost the science and tech scenes in Dallas and turn the former ExxonMobil campus into a hub for innovation and social influence.Read more
July 7, 2020
Richmond, Va.-based commercial real estate investment firm Lingerfeld Commonwealth Partners (LCP) recently announced the sale of Buschwood III in Tampa, Fla., to fellow Virginia-based company Continental Capital Partners (CCP). The sale price was reported to be $10.35 million.Read more
July 3, 2020
Rexford Industrial Realty Inc., a real estate investment trust (REIT) focused on investing in and operating property in Southern California infill markets, recently completed the purchase of a five-property portfolio for $73.2 million. The acquisition incorporates 434,000 square feet of both value-add and institutional-quality assets.Read more