Financial District Office Space

American Express Building Unit 1101 (Floor 11)
Financial District, New York City, NY

Financial District

Office Space Market Report

Number of Listings (last 90 days)
367
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
2,850
As of: July 19, 2017

Financial District Rates

Most listings are in the $60's per square foot per year. The Financial District region is experiencing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.

Compared to the rest of the New York City market, the Financial District submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Financial District Listing Supply

In the last 90 days, 367 listings have come on the market, so you'll want to check back regularly for new listings. About 71% of the listings in the Financial District are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 22 floors. Most buildings in this market were built in 1928 and are Class A.

Financial District Community

Information is the dominant industry in this market. Most of the residents of Financial District work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Financial District.
Market Report

Market Data

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