New York City, NY Office Space for Rent
The New York office market consistently ranks among the top global investment destinations. One of the oldest financial centers in modern history, the city on the Hudson boasts an office sector with strong fundamentals and appeal. Regardless of the economy's highs and lows, office space for lease in New York City remains in high demand. Traditionally occupied by enterprises in insurance, trade, finance, and professional services, New York office space has evolved to embrace the creative, new media, and tech sector entrepreneurs. The Big Apple is always ready to accommodate businesses of all needs and sizes.
See our listingsRecently added office space listings
Our listings inventory of office space for rent in New York incorporates 6,496 spaces, which encompass 81,779,633 square feet of office space across all asset classes. Out of the total number of office properties with locally listed vacancies, 114 are trophy grade buildings, and 177 are LEED-certified. Rent rates vary significantly across listings, starting at $8.33 per square foot per year and averaging $75.19 per square foot per year.
WeWork Building
Office
11 Spaces / 448,627 Sqft
Brooklyn Army Terminal - Flex
Office
8 Spaces / 408,000 Sqft
Brookfield Place
Office
7 Spaces / 310,283 Sqft
14 53rd Street
Office
16 Spaces / 309,614 Sqft
28 Liberty
Office
11 Spaces / 300,811 Sqft
55 Water Street
Office
5 Spaces / 274,215 Sqft
Brookfield Place - 200 Liberty Street
Office
7 Spaces / 269,480 Sqft
Hudson Commons
Office
13 Spaces / 213,520 Sqft
One Grand Central Place
Office
20 Spaces / 180,033 Sqft
New York City Office Space Market Stats
Even though Manhattan remains the point of densest market concentration, the outer boroughs have also been seeing changes and increase in office development, as they absorb the overflow of demand from the central business district and compensate for what Manhattan most often lacks — office space in big blocks.
Office space for rent in New York totals 81,779,633 square feet across all property classes. There are 6,496 spaces for lease on the market, ranging in size from 77 square feet to 1,800,000 square feet. The average rate for office space across New York is $75.19 per square foot per year.
Properties with locally listed spaces include 599 class A commercial properties, and 114 that are class A+. The average rent for class A office space in New York is $71.34 per square foot per year, while class A+ rentals command $94.58 per square foot per year. The average rent for class B office space is $61.99 per square foot per year, while rents for class C property average $48.60 per square foot per year.
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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
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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