Find Midtown Manhattan commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Midtown Manhattan commercial real estate broker in Midtown Manhattan's Top Broker Directory. Learn about Midtown Manhattan commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.
Most commerial real estate listings for lease are in the $100's per square foot per year. The Midtown Manhattan submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease rose $16 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the New York City commercial real estate market, the Midtown Manhattan submarket has higher rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 21803 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate space in the Midtown Manhattan are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 460 sqft. Most buildings in this market are approximately 12 floors. Most buildings in this area were built around 1920 and are Class .
Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Midtown Manhattan occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Midtown Manhattan.
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