New York City Commercial Real Estate

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143 W 29th St - Space Chelsea, New York City, NY  
Aug 21
1,000
sqft
Office
228 E 45th St - Space Midtown East, New York City, NY  
Jul 14
3,630
sqft
Sublease Office
117 E 7th St - Unit 1 East Village, New York City, NY  
Aug 30
500
sqft
Office Retail
48 W 21st St - Unit 905 (Floor 9) Flatiron District, New York City, NY  
Jul 18
1,000
sqft
Sublease Office
20 W 38th St - Unit 403 (Floor 4) Midtown, New York City, NY  
Aug 15
1,600
sqft
Office
129 Madison Ave - Space NoMad, New York City, NY  
Aug 31
400
sqft
Office
18 Delancey St - Floor 1 Bowery, New York City, NY  
Aug 25
1,500
sqft
Office
95 5th Ave - Unit 4th floor (Floor 4) Flatiron, New York City, NY  
Aug 21
2,400
sqft
Office
247 W 37th St - Floor 16 Midtown, New York, NY  
Sep 14
3,090
sqft
Sublease Office
363 7th Ave - Space Garment District, New York, NY  
Jul 27
350
sqft
Office
544 W 27th St - Space Chelsea, New York City, NY  
Aug 12
3,000
sqft
Sublease Office
632 Broadway - Space NoHo, New York City, NY  
Aug 09
300
sqft
Sublease Office
360 Madison Ave - Space Midtown East, New York City, NY  
Aug 19
20,300
sqft
Office
68 Jay St - Unit 428 (Floor 4) DUMBO, New York City, NY  
Jul 29
800
sqft
Sublease Office
Tower 52 - Floor 22 Midtown East, New York City, NY  
Jul 12
650
sqft
Sublease Office
36 Laight St - Unit 1A (Floor 1) Hudson Square, New York City, NY  
Sep 08
1,400
sqft
Office
1411 Broadway - Floor 11 Garment District, New York City, NY  
Aug 28
7,000
sqft
Office
557 W 23rd St - Floor 1 Chelsea, New York City, NY Turnkey.
Aug 26
1,320
sqft
Office
100 Livingston St - Floor 4 Downtown Brooklyn, New York City, NY HVAC
Aug 31
3,200
sqft
Office
38 W 21st St - Floor 9 Flatiron District, New York City, NY  
Sep 12
7,000
sqft
Office
229 W 29th St - Floor 12 Chelsea, New York City, NY  
Aug 21
2,750
sqft
Office
138 Mulberry St - Floor 5 Downtown, New York City, NY  
Aug 02
1,200
sqft
Live/Work Office
162-2 Jamaica Avenue - Space Jamaica, New York City, NY  
Jul 17
400
sqft
Office
497 6th Ave - Unit #2 (Floor 1) Park Slope, New York City, NY  
Sep 14
240
sqft
Office Other
625 Madison Ave - Unit 207 (Floor 2) Midtown East, New York City, NY  
Jul 27
2,560
sqft
Sublease Office
127 E 102nd St - Entire Building Harlem, New York City, NY  
Aug 09
300
sqft
Office
11 W 20th St - Floor 4 Flatiron, New York, NY  
Jul 21
3,300
sqft
Office
88 Leonard St - Floor 1 Tribeca, New York City, NY  
Jul 21
1,200
sqft
Sublease Office Medical Retail
31 W 8th St - Floor 2 Hudson Square, New York City, NY  
Aug 09
1,300
sqft
Sublease Office
211 East 43rd Street - Unit 502 (Floor 5) Midtown East, New York City, NY  
Aug 15
3,940
sqft
Sublease Office
100 W 39th St - Space Garment District, New York City, NY  
Aug 30
1,500
sqft
Office
589 8th Ave - Floor 23 Garment District, New York City, NY  
Aug 11
3,400
sqft
Office
347 W 36th St - Unit RM 905 (Floor 9) Garment District, New York City, NY  
Aug 25
1,730
sqft
Sublease Office
42 Broadway - Unit 8 (Floor 8) Financial District, New York City, NY  
Sep 04
10,000
sqft
Office
46 E 21st St - Space Flatiron District, New York City, NY  
Jul 21
1,200
sqft
Retail
38 Debevoise St - Floor 3 Williamsburg, New York City, NY  
Aug 28
20,000
sqft
Office
481 7th Ave - Unit 1 (Floor 1) Park Slope, New York City, NY  
Aug 04
950
sqft
Office Medical Retail Other
370 Lexington Ave - Space Midtown East, New York City, NY  
Aug 16
3,760
sqft
Sublease Office
2581 Broadway - Floor 1 Upper West Side, New York City, NY  
Sep 01
600
sqft
Office
109 Madison St - Space Two Bridges, New York City, NY  
Sep 14
1,000
sqft
Office
119 5th Ave - Space Flatiron District, New York City, NY  
Jun 27
180
sqft
Sublease Office
1535 Richmond Ave - Unit 1 (Floor 1) Bulls Head, New York City, NY  
Aug 17
40,000
sqft
Office
28 Liberty St - Floor 6 Financial District, New York City, NY  
Jul 18
34,120
sqft
Office

New York City

Market Report

Number of Listings
Posted in the last 90 days
94
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
3,190

NYC Office & Commercial Space for Lease

Commercial real estate trends are shifting according to the economy, social factors and population trends. The city remains one of the top property markets in the world and, thus, continues to lure a mishmash of deep-pocketed investors, including institutional investors, foreign buyers and wealthy local families. The “Big Apple” is one of America’s most exciting, bustling and dynamic cities. A popular destination for both business and tourism, New York City gives you the vibe and inspiration to conduct business, live, shop, visit, network, spearhead something special — you name it, you can do it in the city. As a popular destination, New York City draws interests from many circles, making office space here very competitive. Thus, finding the right type of information can be extremely important in helping you land your dream office space. Rental properties for lease in New York, including office space for rent and commercial space for rent, can be found throughout the stunningly diverse neighborhood zones of New York City. Those who are passionate about securing the best possible platform to develop their business throughout the region, state and country will find countless appealing properties for lease in New York City.

Commercial Real Estate NYC

Manhattan still leads the way in terms of rent, with the average asking price rising by 2% each year. Brooklyn, The Bronx, Staten Island and Queens are also seeing rising rents and sale prices, but more in the residential sector. The media sector is gradually toppling financial services as the number one corporate tenant.

New York City Economic Overview

The NYC economy has rebounded from the doldrums of the 2008 economic malaise, and for the last two years, the city has experienced steady growth. The financial services sector, a key pillar of economic life in NYC, has regained most, if not all, of the ground it lost during the crisis. Wall Street is not the only economic artery of the city, though, because sectors such as fashion, entertainment and technology also make up increasing parts of its economic fabric. Median household incomes in New York City are only slightly below state averages. Like many of the nation’s largest cities, it has become common practice for the area’s most wealthy residents to relocate to affluent suburbs that remain within commuting distance. Some of the more common occupations for residents of New York City include positions in industries ranging from finance and business administration to education and technical services, among others. New York City is currently home to more billionaires than any other city on the planet, and also hosts more millionaires than any other city in the country. That being said, wealth disparity remains a key issue here, as income levels for middle-class and lower-class individuals have become largely stagnant.

New York City At A Glance

New York is not your typical North American metropolis. With more than 8 million souls, it is the most populous city in the United States and the no. 1 real estate market, both for commercial and residential properties. The NYC metropolitan area also comprises a diverse population, with hundreds of nationalities represented, all nestled in the heart of the most exciting city in the world. At 8% (give or take), the unemployment rate here is one of the lowest in the nation, thanks in part to the many opportunities one can grab and exploit in the Big Apple. One of the most attractive and exciting elements of New York City is its extensive level of ethnic diversity. Widely considered to be one of the world’s most cosmopolitan cities, New York City hosts migrants from a myriad of international locations. For example, New York City hosts the largest international Chinese community outside of China. It is this unique cultural climate which has allowed entrepreneurs and business owners to develop radical new approaches and strategies to business in which collaboration and integration play key roles. It should come as no surprise, therefore, that New York City is one of the most popular destinations for tech-savvy individuals and creative types seeking to define the trends of the next several decades.

New York City History

Although a variety of colonial and exploratory efforts were undertaken in the region of the United States where New York City now exists during the 16th and 17th centuries, the beginnings of economic development here can be traced back to the period of British colonial rule, when the British used the city as a significant trading port. Following the close of the Revolutionary War, New York City continued to thrive. In the 19th century, important international event, such as the Great Irish Famine, ensured that this city received a consistent influx of foreign-born immigrants. By the 1920’s, New York City had become the most populous urbanized area in the world. The area experienced a substantial post-World War II economic boom thanks to the return of military veterans who were eager to settle down in the region. In the last two decades, New York City has served as ground-zero for some of the most significant events in recent national history, including the September 11th terror attacks.

New York City Population

As stated previously, the local population of New York City is incredibly diverse. As an increasing number of migrants have arrived in this “global crossroads”, a number of smaller communities have developed within New York City proper. A casual stroll of the city will reveal pockets of distinctive ethnic aesthetics, traditions, dining establishments and businesses. Over the past 80 years, the diversity of the city has increased significantly. Unlike the 1940 census, in which nearly 94% of the population identified themselves as Caucasian, only 44% of the local populace does so today, a strong indicator that the presence of ethnic minorities continues to grow.

Trends of New York City

In recent years, New York City city planners have made a conscientious effort to ramp up the city’s involvement in the technology sector and, ultimately, ensure that both the city and the state at large remain appealing for entrepreneurs and start-up businesses. The biotechnology industries have also begun to experience unparalleled levels of growth with New York City proper, thanks in large part to efforts by then Mayor Michael Bloomberg to transform New York City into the technology capital of the country.

Learn More About NYC

Market Data

Real time and historical data on commercial real estate listings in New York City.
Research