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 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.

Sunnyside, Long Island City
$35 - $50/Sqft/Year

The Falchi Building

31-00 47th Avenue, Sunnyside, Long Island City, NY 11101
There are 8 Office spaces available for lease at 31-00 47th Avenue, Long Island City, NY, 11101, totaling 165,839 Sqft. The largest space available has 90,826 Sqft and a rental rate of $35 - $50/Sqft/Year.
Property
Office
Availability
8 Spaces / 165,839 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
$15 - $25/Sqft/Year

Brooklyn Army Terminal - Flex Bldg

140 58th Street, Sunset Park, Brooklyn, NY 11220
There are 8 Office spaces available for lease at 140 58th Street, Brooklyn, NY, 11220, totaling 408,000 Sqft. The largest space available has 200,000 Sqft and a rental rate of $15 - $25/Sqft/Year.
Property
Office
Availability
8 Spaces / 408,000 Sqft
Sunset Park, Brooklyn
$16/Sqft/Year

4201-4223 1st Avenue

4201 1st Avenue, Sunset Park, Brooklyn, NY 11232
There are 2 Industrial spaces available for lease at 4201 1st Avenue, Brooklyn, NY, 11232, totaling 34,000 Sqft. The largest space available has 17,000 Sqft and a rental rate of $16/Sqft/Year.
Property
Industrial
Availability
2 Spaces / 34,000 Sqft
Koreatown, New York
$55 - $75/Sqft/Year

Fashion Accessories Center

10 West 33rd Street, Koreatown, New York, NY 10001
There are 13 Office spaces available for lease at 10 West 33rd Street, New York, NY, 10001, totaling 35,283 Sqft. The largest space available has 11,961 Sqft and a rental rate of $75/Sqft/Year.
Property
Office
Availability
13 Spaces / 35,283 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
$23.4/Sqft/Year

404-408 West 14th Street

408 West 14th Street, Meatpacking District, New York, NY 10014
404-408 West 14th Street is located at 408 West 14th Street in the Meatpacking District neighborhood, NY, New York, 10014. The Class B Office building was completed in 2001 and features a total of 39,900 Sqft.
Property
Office
Availability
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

Industrial Deliveries Growth in 2020
Life Sciences & Biotech Hub Planned for Dallas Pegasus Park

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.

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Lingerfeld Commonwealth Sells Tampa Office Building
Lingerfeld Commonwealth Sells Tampa Office Building

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.

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Rexford Closes on $73M SoCal Infill Portfolio
Rexford Closes on $73M SoCal Infill Portfolio

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.

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