Commercial Real Estate in Manhattan

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208 Bowery - Unit 2 (Floor 2) NoLita, New York City, NY  
Sep 22
1,500
sqft
Office
1651 Lexington Ave - Unit Ground (Floor 1) Harlem, New York City, NY  
Sep 22
770
sqft
Sublease Retail
247 W 37th St - Floor 16 Midtown, New York, NY  
Sep 22
3,090
sqft
Sublease Office
383 5th Ave - Space NoMad, New York City, NY  
Sep 22
5,400
sqft
Sublease Office
401 Broadway - Unit 1412 (Floor 14) Tribeca, New York City, NY  
Sep 22
2,690
sqft
Office
381 Broadway - Floor 1 Tribeca, New York City, NY  
Sep 22
5,000
sqft
Office
84 Wooster St - Unit 604 (Floor 6) SoHo, New York City, NY  
Sep 21
3,440
sqft
Office
15 Division St - 2 Spaces Chinatown, New York City, NY  
Sep 21
500 - 1,000
sqft
Sublease Mixed Use Office Other
73 Spring St - 3 Spaces SoHo, New York City, NY  
Sep 21
850 - 2,300
sqft
Office
353 W 46th St - Unit 1 (Floor 1) Hell's Kitchen, New York City, NY  
Sep 21
3,060
sqft
Retail Other Restaurant
853 Broadway - 2 Spaces Greenwich Village, New York City, NY  
Sep 21
700 - 720
sqft
Sublease Live/Work Office
1181 Broadway - Unit 6th (Floor 6) Flatiron, New York City, NY  
Sep 21
2,850
sqft
Office
274 Madison Ave - Unit 900 (Floor 9) Garment District, New York City, NY  
Sep 21
200
sqft
Sublease Office
415 Madison Ave - Space Midtown East, New York City, NY  
Sep 21
9,930
sqft
Office
27 Cliff St - Space Financial District, New York City, NY  
Sep 21
5,610
sqft
Retail
38 W 21st St - Floor 9 Flatiron District, New York City, NY  
Sep 21
7,000
sqft
Office
155 W 18th St - Floor 1 Chelsea, New York City, NY  
Sep 21
3,770
sqft
Retail
The Radio Wave Building - Unit 10 (Floor 10) NoMad, New York City, NY  
Sep 21
4,580
sqft
Sublease Office
1201 Broadway - Space NoMad, New York City, NY  
Sep 21
13,670
sqft
Sublease Office
401 Broadway - Unit 1707 (Floor 17) Tribeca, New York City, NY  
Sep 20
1,330
sqft
Office
The Helmsley Building - Unit 21 (Floor 21) Midtown East, New York City, NY  
Sep 20
22,050
sqft
Sublease Office
34 W 27th St - Unit 5 (Floor 5) NoMad, New York City, NY  
Sep 20
3,150
sqft
Sublease Office Medical
235 Park Ave S - Space Gramercy Park, New York City, NY  
Sep 20
7,900
sqft
Office
Burlington House - Space Theater District, New York City, NY  
Sep 20
41,450
sqft
Office
21 Franklin St - 2 Spaces Civic Center, New York City, NY  
Sep 20
1,870 - 7,790
sqft
Retail
488 Madison Ave - Space Midtown East, New York City, NY rental rate negotiable
Sep 20
7,660
sqft
Sublease Office
41 Union Square W - 2 Spaces Union Square, New York City, NY rate negotiable
Sep 20
1,790 - 11,020
sqft
Office
207 W 25th St - 4 Spaces Chelsea, New York City, NY  
Sep 20
1,100 - 6,500
sqft
Office
163 Ludlow St - 2 Spaces Chinatown, New York, NY eight foot ceiling height
Sep 20
1,150 - 1,220
sqft
Retail
491 Columbus Ave - Floor 1 Upper West Side, New York City, NY  
Sep 20
2,500
sqft
Retail
286 Lenox Ave - Floor Basement Harlem, New York City, NY Close Public Transit.
Sep 20
2,660
sqft
Retail Restaurant
27 W 72nd St - Floor Lower Level Upper West Side, New York City, NY 10 foot ceiling height
Sep 20
2,400
sqft
Retail Restaurant

Manhattan

Market Report

Number of Listings
Posted in the last 90 days
1297
Median Rate ($/sqft/yr)
$77
Median Size (sqft)
3,430

Manhattan Office & Commercial Space

In comparison to the other five boroughs, Manhattan ranks as the most densely populated, bound by the following rivers: East, Hudson, and Harlem. This area is accustomed to hosting influxes of migrants moving to the city for economic prosperity. The city is often referred to as the cultural and economic center of the United States with the second labeling especially fitting since it harbors Wall Street which stands as one of the financial capitals of the world.

A gross domestic product of over $1.2 trillion and home to the New York Stock Exchange and NASDAQ, it is no coincidence to see business moguls flock to the area. It would be a remission not to mention the pricey nature of the city, with arguably some of the most expensive real estate and commercial properties in the world.

Available office spaces for rent are abundant in Manhattan, placed conveniently in the borough from Broadway, to 44th Street, to Mulberry Street. Prices begin from $28 per square foot to $65 per square foot with square footage for each ranging from 900 to 29,000.

Manhattan at a Glance

Before the land became Manhattan it was largely inhabited by a significant Lenape population. However, the area wasn’t officially logged and mapped until 1609 following the discoveries made during the voyage of Henry Hudson survived in part by the Hudson River. Though it was officially recognized as a legal territory in the early 17th century, it didn’t really emerge as an economic center until Alexander Hamilton implemented his policies as the first Secretary of the Treasury and the Erie Canal opened in 1825. As a result of these establishments Manhattan became immediately connected to the lucrative agriculture markets of the Midwest and Canada.

Manhattan is more than just a densely populated, financial center; it is idolized by neighboring cities for its incredible restaurant and bar scenes, landmarks and events. Featured restaurants in the city include The Nomad, ABC Kitchen, and Eleven Madison Park with popular bars including the Comedy Cellar, KGB Bar, and the unique Attaboy. After substantial meals locals and tourists check out The High Line on Washington Street or the Chrysler Building on Lexington Avenue. Even with the aforementioned amenities experienced, people still find the energy to attend events like Trend-ology, a chronological display exhibited at The Museum at FIT.

Public transportation is serviced by MTA Subway system.

Manhattan Real Estate

Despite all the commotion during 2013 like the spurt of all-cash buyers or the spike in prices, the market on a citywide basis remained relatively constant. The median price for a home surprisingly only shifted up 2% placing it at $475,000, with the same effects reflected in Brooklyn. Real estate in Manhattan has been prone to be on the higher end of the scale because of the city’s desirability, but the fact the median price for a home essentially remained consistent should provide current and future tenants with a strong sense of hope and security.

Learn More About Manhattan

Market Data

Real time and historical data on commercial real estate listings in Manhattan.
Research