New York Metropolitan Area Office Space

5,547 spaces for rent (2,099 properties)
New York City Commercial Space Photo 15935 x51
New York City Commercial Space Photo 123690 x285
New York City Commercial Space Photo 13375 x9
New York City Commercial Space Photo 9874 x5
New York City Commercial Space Photo 87851 x4
New York City Commercial Space Photo 11062 x108
New York City Commercial Space Photo 38106 x157
New York City Commercial Space Photo 110435 x5
New York City Commercial Space Photo 27526 x2
New York City Commercial Space Photo 60970 x2
New York Commercial Space Photo 183057 x1
New York City Commercial Space Photo 12856 x57
New York City Commercial Space Photo 238597 x2
New York City Commercial Space Photo 33765 x6
New York City Commercial Space Photo 8773 x5
New York City Commercial Space Photo 110444 x2
New York City Commercial Space Photo 132352 x7
New York Commercial Space Photo 207403 x1
New York Commercial Space Photo 220791 x11
New York City Commercial Space Photo 123425 x3
New York City Commercial Space Photo 14166 x3
New York City Commercial Space Photo 15930 x78
New York City Commercial Space Photo 11372 x8
New York City Commercial Space Photo 11268 x59
New York City Commercial Space Photo 8468 x505
New York City Commercial Space Photo 12806 x62
New York City Commercial Space Photo 43718 x57
New York City Commercial Space Photo 87839 x2
New York City Commercial Space Photo 21088 x3
New York City Commercial Space Photo 89388 x30
New York City Commercial Space Photo 36336 x279
New York Commercial Space Photo 160728 x2
New York City Commercial Space Photo 18340 x3
New York City Commercial Space Photo 63330 x6
New York City Commercial Space Photo 154786 x3
New York City Commercial Space Photo 89721 x2
New York City Commercial Space Photo 248400 x56
New York City Commercial Space Photo 9861 x90
New York City Commercial Space Photo 87935 x31
New York City Commercial Space Photo 237851 x2
New York City Commercial Space Photo 244520 x61
New York City Commercial Space Photo 250679 x8
New York City Commercial Space Photo 29686 x14
New York City Commercial Space Photo 243791 x520
New York City Commercial Space Photo 97628 x11
New York City Commercial Space Photo 246249 x54
New York City Commercial Space Photo 63924 x3
New York City Commercial Space Photo 11107 x11
New York City Commercial Space Photo 18930 x1008
New York City Commercial Space Photo 130181 x108
New York City Commercial Space Photo 35620 x3
New York City Commercial Space Photo 258564 x5
New York City Commercial Space Photo 183738 x4
New York City Commercial Space Photo 206713 x1
New York City Commercial Space Photo 82557 x100
New York City Commercial Space Photo 207660 x3
New York City Commercial Space Photo 173112 x2
New York City Commercial Space Photo 208603 x2
New York City Commercial Space Photo 159457 x1
New York City Commercial Space Photo 23045 x3
New York City Commercial Space Photo 21167 x6
New York City Commercial Space Photo 205818 x3
New York City Commercial Space Photo 43552 x73
New York City Commercial Space Photo 23634 x2
New York City Commercial Space Photo 24199 x11
New York City Commercial Space Photo 87874 x1
New York City Commercial Space Photo 160767 x2
New York City Commercial Space Photo 258787 x23
New York City Commercial Space Photo 244545 x3
New York Commercial Space Photo 152818 x2
New York City Commercial Space Photo 84829 x1
New York City Commercial Space Photo 200077 x73
New York City Commercial Space Photo 87853 x1
New York City Commercial Space Photo 15970 x7
New York City Commercial Space Photo 91695 x1
New York City Commercial Space Photo 85846 x4
New York City Commercial Space Photo 164097 x1
New York City Commercial Space Photo 53355 x1
New York Commercial Space Photo 204424 x1
New York City Commercial Space Photo 128754 x3
New York City Commercial Space Photo 87958 x1
New York City Commercial Space Photo 89520 x9
New York City Commercial Space Photo 206073 x1
New York City Commercial Space Photo 113766 x50
New York City Commercial Space Photo 126278 x22
New York City Commercial Space Photo 206162 x2
New York City Commercial Space Photo 61510 x2
New York Commercial Space Photo 220481 x3
New York City Commercial Space Photo 15301 x2
New York City Commercial Space Photo 11240 x17
New York City Commercial Space Photo 185664 x1
New York Commercial Space Photo 186971 x3
New York City Commercial Space Photo 206689 x5
New York City Commercial Space Photo 18522 x4
New York Commercial Space Photo 221519 x2
New York City Commercial Space Photo 12851 x12
New York City Commercial Space Photo 10109 x26
New York City Commercial Space Photo 247469 x22
New York City Commercial Space Photo 60939 x3
New York City Commercial Space Photo 52805 x23

New York Metropolitan Area

Office Space Market Report

Number of Listings
5,546
Median Rate ($/sqft/yr)
$47
Median Size (sqft)
5,217
As of: March 3, 2015

New York Metropolitan Area Office & Commercial Space

One of the top commercial property markets in the world, the New York Metropolitan Area can easily meet the office rental spaces for your business, no matter its size. With New York City as its financial center, the New York Metro region attracts both business and tourism, making it the perfect location for your business venture. Office space is readily available, ranging in size from 200 to 40,000 square feet, perfect for any retail, restaurant, industrial, or medical building requirements.

More expensive rental properties for lease in the state of New York, including office space for rent and commercial space for rent, are found in the more densely populated neighborhood zones and sections of New York City, such as Manhattan and Queens, while less expensive rental properties can be found in the Newark and Trenton areas, both offering quick commutes to the city center, but at more reasonable prices. Manhattan office spaces range anywhere from $28-$65 per square foot, while those in Newark begin at only $12 per square foot.

New York Metropolitan Area Economic Overview

The New York Metropolitan Area is one of the most vital economic regions of the world, with a gross metropolitan product of $1.28 trillion, only trailing behind world leader, Tokyo, Japan. The NYC economy has rebounded from the stock market crisis of 2008 and has experienced steady growth. The financial hub of Wall Street, home to the New York Stock Exchange and NASDAQ, is one of the key pillars of economic life in NYC, making New York and the surrounding metro area appealing for investors and business owners.

Many of the nation’s industries, from finance and international banking and trade to biotechnology and manufacturing, are headquartered in the Metro area. Entertainment and news media also make a heavy footprint in the region. The headquarters of Reuters, The New York Times, Associated Press, NBC Universal, Fox News, and Time Warner are just a few of the news and media agencies that call New York home. The ports of New Jersey provide further economic stimulus to the area, as they serve as major shipping terminals, connecting the United States to the international world.

CNN Money has ranked the New York Metropolitan Area as one of the Top 10 smartest areas in the United States. In residents over 25 years of age, more than 50% have completed some amount of college education, clearly evidenced in the abundance of educational institutions found throughout the region. Several universities such as New York University and Rockefeller University can be found here, as can three Ivy League Schools. Drawing the best and the brightest to the region, Columbia, Princeton, and Yale Universities are all located in the greater Metro area.

New York Metropolitan Area At A Glance

From sports teams to prominent cultural institutions and performing arts venues such as Broadway and Newark’s Prudential Center, the Metropolitan area is a hub of activity, attracting residents and visitors to its many activities. Landmarks such as the Statue of Liberty, the Empire State Building, Rockefeller Center, and Times Square draw tourists from the world over.

Transportation options abound throughout the Metro area. The many stops along the New York City subway make travel to work quite accommodating for residents. Further options of travel include several commuter rails and bus lines such as the Long Island Rail Road, major highways, bridges, and tunnels, easily connecting commuters to employment opportunities. Three large airports also serve the region, including LaGuardia, John F. Kennedy International Airport, and Newark Liberty International.

New York Metropolitan Area History

The New York Metropolitan Area features a wide variety of communities, many of which have evolved in a unique fashion that is largely independent of New York City, the largest city by population in the United States. The numerous economic opportunities that resulted from close proximity to the Hudson River have ensured that communities situated on the northern outskirts of the metropolitan area have retained a level of economic vibrancy that has helped the state continue to thrive. As a general rule, the New York Metropolitan Area was created by developing a unique classification for communities in New Jersey, New York, Connecticut and Pennsylvania, which relied upon one another for trade and other economic interactions. Many of these communities, including New York City itself, were first founded during the British colonial efforts on the continent.

New York Metropolitan Area Population

With a population of over 22 million, the New York Metropolitan area is the most populated region in all of the United States. Geographically and ethnically diverse, the region is home to the largest Jewish community outside Israel and also has large concentrations of Indian and Asian Americans, most notably from China and Korea. Other ethnicities represented in the Metro area include large Italian and African American populations.

The median age of residents within the region is approximately 38, with the largest groups being between 25-64 years of age. 30% of the residents of the area have children, while close to half of all households are comprised of married couples. Due to the extreme wealth of the Metro Area, the cost of living in the region ranks among the highest in the country, with an average combined family income of $108,000. Single households average approximately $90,000.

Trends Of New York Metropolitan Area

As could probably be expected, the New York Metropolitan Area is expected to grow significantly in upcoming years on both a population and economic level. The sheer diversity of the numerous business establishments found here has helped the region develop a sustainable platform on which future growth can occur.

Where to Lease in New York Metropolitan Area

Retail and commercial real estate options are quite plentiful in the area, but the spaces closer to the city center carry a heavier price tag for business owners. If you wish to be in the heart of commerce and culture, Midtown Manhattan is the perfect location for your business, where the city’s tallest skyscrapers and most prominent apartment buildings and hotels can be found. Newly constructed and renovated spaces dot the landscape of the redeveloped city skyline of ethnically diverse Queens, most notably the Citibank Building, a 500-foot tall skyscraper. It is important to keep in mind, however, that these areas fetch a price tag beginning at approximately $30 per square foot. If you prefer affordable locations, look outside of the city center in areas such as Trenton, NJ or New Haven, CT, where square footage can be found for less than $10 per square foot, but still within easy reach of the city.

Learn More About the New York Metropolitan Area