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Tribeca Office Space for Rent/Lease

  • $38 PSF $3,610 /month
333 Hudson St - 333 Hudson, New York, NY, Class B Office Building

333 Hudson St – 333 Hudson, New York, NY, Class B Office Building

  • $38 PSF $3,610 /month
333 Hudson St, New York, NY 10013, USA

333 Hudson St – 333 Hudson, New York, NY, Class B Office Building   333 Hudson St – 333 Hudson, […]

  • 1140 - 24695 Sq Ft
  • $38 PSF $3,610 /month
  • Office Space
Details

Hudson Square, Tribeca

1 year ago
  • $54 per SF $54,715 /month
99 Hudson St - 99 Hudson Street, New York, NY, Class B Office Building

99 Hudson St – 99 Hudson Street, New York, NY, Class B Office Building

  • $54 per SF $54,715 /month
99 Hudson St, New York, NY 10013, USA

99 Hudson St – 99 Hudson Street, New York, NY, Class B Office Building   99 Hudson St – 99 […]

  • 12159 - 64042 Sq Ft
  • $54 per SF $54,715 /month
  • Office Space
Details

Tribeca

1 year ago
  • Upon request
Walker St, City Hall, Office/Retail Space For Rent 1,500 - 2,060 SF

Walker St, City Hall, Office/Retail Space For Rent 1,500 – 2,060 SF

  • Upon request
Walker St, New York, NY 10013, USA

Walker St, City Hall, Office/Retail Space For Rent 1,500 – 2,060 SF   Walker St, City Hall, Office/Retail Space For […]

  • 1500 - 2170 Sq Ft
  • Upon request
  • Gallery Space, Office Space, Retail Space, Showroom Space
Details

City Hall, Tribeca

2 years ago
  • $34 per SF $24,366 /month
Tribeca , Broadway, Built Office/Medical Space For Lease 8,600 SF

Tribeca , Broadway, Built Office/Medical Space For Lease 1,750 – 8,600 SF

  • $34 per SF $24,366 /month
Broadway, New York, NY 10007, USA

Tribeca , Broadway, Built Office/Medical Space For Lease 1,750 – 8,600 SF   Tribeca , Broadway, Built Office/Medical Space For […]

  • 1750 - 8600 Sq Ft
  • $34 per SF $24,366 /month
  • Medical Office Space, Office Space
Details

Tribeca, Broadway

2 years ago
  • Upon Request
Harrison St, Tribeca, Office/Retail Space For Rent 2,650 SF

Harrison St, Tribeca, Office/Retail Space For Rent 2,650 SF

  • Upon Request
Harrison St, New York, NY 10013, USA

Harrison St, Tribeca, Office/Retail Space For Rent 2,650 SF   Harrison St, Tribeca, Office/Retail Space For Rent 2,650 SF Suite […]

  • 2650 Sq Ft
  • Upon Request
  • Office Space, Retail Space
Details

Tribeca

2 years ago
  • Upon request
124-130 Hudson St, New York, NY, Tribeca, Class B Office Building For Lease

124-130 Hudson St, New York, NY, Tribeca, Class B Office Building For Lease

  • Upon request
124-130 Hudson St, New York, NY 10013, USA

124-130 Hudson St, New York, NY, Tribeca, Class B Office Building For Lease   124-130 Hudson St, New York, NY, […]

  • 2350 - 3000 Sq Ft
  • Upon request
  • Office Space
Details

Tribeca

2 years ago
  • Upon request
Worth St, Tribeca, Fully Build-Out Retail/Office Space For Lease 2,300 SF

Worth St, Tribeca, Fully Build-Out Retail/Office Space For Lease 2,300 SF

  • Upon request
Worth St, New York, NY 10013, USA

Worth St, Tribeca, Fully Build-Out Retail/Office Space For Lease 2,300 SF   Worth St, Tribeca, Fully Build-Out Retail/Office Space For […]

  • 2300 Sq Ft
  • Upon request
  • Office Space, Retail Space
Details

Tribeca

2 years ago
  • $5,650,000
Tribeca, St, Commercial Office Condo Space For Sale 11,300 SF

Tribeca, Commercial Office Condo Space For Sale 11,300 SF

  • $5,650,000
New York, NY 10007, USA

Tribeca, Commercial Office Condo Space For Sale 11,300 SF   Tribeca, Commercial Office Condo Space For Sale 11,300 SF, $5,650,000 […]

  • 11300 Sq Ft
  • $5,650,000
  • Commercial Condo, Investment Properties, Office Space
Details

Tribeca

2 years ago
  • Upon request
255 Greenwich St, Tribeca

255 Greenwich St, Tribeca, Class A Office space

  • Upon request
255 Greenwich St, New York, NY 10007, USA

255 Greenwich St, Tribeca, Class A Office space for lease  6,000 – 11,700 SF, Ideal for office and medical -13’ […]

  • 6000 - 11,700 Sq Ft
  • Upon request
  • Office Space, Medical Office Space
Details

Tribeca, Downtown Manhattan

2 years ago

Tribeca Office Space for Rent/Lease

Tribeca office space occupies one of the most distinctive office markets in Lower Manhattan. The neighborhood — whose name comes from “Triangle Below Canal Street” — combines historic loft buildings, converted industrial properties, boutique offices, luxury residential buildings, restaurants, galleries and Hudson River waterfront space.

For decades, Tribeca was better known for its cast-iron architecture, warehouses, artists and residential lofts than for conventional corporate offices. That identity has not disappeared. Instead, it has become one of the neighborhood’s biggest advantages.

Today, companies looking for creative office space, loft offices, boutique Class A properties and character-rich workplaces can find a very different environment from the glass towers of Midtown. Tribeca also sits next to Hudson Square, SoHo, the Financial District and the World Trade Center, giving tenants access to several major Lower Manhattan employment centers.

The market is particularly relevant to technology, media, creative companies, professional services, law firms, financial businesses and smaller companies that want a downtown address without sacrificing access to Manhattan’s broader business network.

Tribeca Office Market Overview

Tribeca should not be treated as one uniform office submarket. The neighborhood contains everything from small historic lofts to modern Class A buildings, while the surrounding Hudson Square and World Trade Center areas add much larger office properties to the immediate search area.

That variety also explains why asking rents can vary substantially from one building to another.

Recent leasing activity illustrates the range. In early 2026, an AI company leased 10 Harrison Street in Tribeca at a reported $75/SF asking rent, demonstrating continued demand for office space even in a building that had previously been considered a potential residential-conversion candidate.

At the other end of the market, renovated Class A buildings around the Tribeca/Hudson Square border offer larger floorplates, modern infrastructure and building amenities, creating a very different rent profile.

The broader Downtown Manhattan market has also strengthened. Manhattan ended 2025 with a 13.9% overall availability rate, while Downtown leasing activity accelerated into 2026. Cushman & Wakefield reported 320,804 square feet of Downtown office leasing in January 2026, a 69.3% increase from the prior year.

Four Forces Shaping the Tribeca Office Market

Creative and technology demand. Tribeca’s loft buildings, restaurants, architecture and proximity to other downtown technology hubs make it a natural fit for companies that want something less conventional than Midtown.

Improving Downtown demand. Increased leasing activity across Downtown has reduced some of the pressure that previously encouraged landlords to consider office-to-residential conversions.

Building-specific pricing. Two offices only a few blocks apart can have very different asking rents depending on the floor, renovation level, views, amenities and lease term.

Proximity to major office districts. Tenants can access Hudson Square, SoHo, the Financial District and the World Trade Center without giving up Tribeca’s more residential and creative atmosphere.

Tribeca Office Space for Lease

Tribeca’s office inventory is strongly defined by loft space.

Many properties originated as warehouses, manufacturing buildings, printing facilities or other industrial structures. Their conversion into office space produced the large windows, high ceilings, exposed architectural details and open floorplates that continue to attract creative businesses.

That does not mean Tribeca is limited to small creative studios. The neighborhood also has modern and repositioned Class A properties that can accommodate larger companies.

Buildings around the Canal Street and Hudson Square edges generally provide larger floorplates and more conventional corporate infrastructure, while properties deeper in Tribeca tend to offer the character and smaller-scale floorplates associated with the neighborhood.

This creates several different tenant strategies. A startup may choose a 2,000- to 5,000-square-foot loft. A growing technology company may look for 10,000 to 30,000 square feet in a renovated building. A larger financial, professional-services or media company may need to move toward the Tribeca/Hudson Square edge to find contiguous Class A space.

How Much Does Tribeca Office Space Cost?

The old $55–80/SF range is too broad to describe today’s market on its own. Tribeca has a significant spread between older loft inventory, renovated Class B properties, boutique Class A buildings and premium space near Hudson Square.

Recent market activity provides a useful reference point. The AI company leasing 10 Harrison Street reportedly agreed to an asking rent of $75/SF. At the upper end, buildings with major renovations, strong amenities and modern infrastructure can command substantially higher rents.

For tenants, the important question is therefore not simply “What is the Tribeca average?” but which part of Tribeca and which type of building fits the business?

  • North Tribeca / Canal Street Edge

Prewar and renovated loft properties in this part of Tribeca typically fall around $60–90+/SF, with spaces ranging from approximately 2,000 to 20,000 square feet. These offices can be particularly suitable for creative companies and smaller businesses.

  • Central Tribeca

Historic lofts and boutique offices in central Tribeca generally fall around $65–100+/SF, with typical spaces of 2,000–15,000 square feet. The area is a natural fit for creative and technology companies that value character and flexible layouts.

  • West Tribeca

Loft properties and renovated Class A space in West Tribeca can range from approximately $70–110+/SF, with spaces from 3,000 to 30,000 square feet. Technology, media and professional-services companies can find suitable options here.

  • Tribeca–Hudson Square Edge

Modern Class A properties around the Tribeca/Hudson Square border can command approximately $80–120+/SF, with larger spaces ranging from 5,000 to 50,000+ square feet. These buildings are better suited to corporate, financial and technology users that need larger floorplates and modern infrastructure.

  • Premium Renovated Space

Highly renovated Class A and boutique trophy properties can reach $100/SF+, with typical spaces ranging from 5,000 to 30,000+ square feet. These offices appeal to tenants prioritizing building quality, amenities and workplace experience.

  • Sublease and Furnished Space

Sublease and furnished offices can vary widely in price, with spaces ranging from approximately 1,500 to 30,000+ square feet. They can be useful for companies seeking shorter-term commitments or immediate occupancy.

These figures are indicative market ranges rather than a single published Tribeca-wide average. Actual asking rents vary by property, floor, condition, lease term, tenant credit and concessions.

The $75/SF transaction at 10 Harrison is particularly useful as a reference because it shows that Tribeca continues to support office leasing at a time when some older downtown buildings are being evaluated for alternative uses.

Class A Office Space in Tribeca

Class A space in Tribeca is concentrated toward the edges of the neighborhood rather than in a traditional Midtown-style cluster.

Properties closer to Hudson Square and Canal Street provide larger floorplates, modern infrastructure and more conventional corporate amenities.

101 Greenwich Street is one of the most notable examples. The 26-story Class A office building contains roughly 476,000 square feet and underwent a major renovation. It offers flexible suites, tenant lounges, conference facilities, bike storage, upgraded elevators and 24/7 security.

Another important option just west of Tribeca is 101 Avenue of the Americas, a 425,000-square-foot Class A building positioned at the intersection of Tribeca, SoHo and Hudson Square. The property offers large floorplates, natural light, 12-foot clear ceiling heights and infrastructure aimed at financial-services, technology and creative users.

These buildings are useful for tenants who like Tribeca’s location but require the infrastructure and scale of a larger Class A office.

Class B and Historic Loft Space

Historic loft buildings are what give Tribeca much of its identity.

Properties throughout the neighborhood retain elements of their original industrial architecture. Instead of standardized corporate floorplates, tenants can find exposed brick, timber beams, oversized windows, high ceilings and irregular layouts.

This type of space is particularly attractive to:

  • Technology companies
  • Creative agencies
  • Architecture and design firms
  • Media companies
  • Production businesses
  • Boutique financial firms
  • Law firms
  • Professional-services companies
  • Small and mid-sized businesses

A well-located Tribeca loft can therefore compete with newer Class A space even when it does not offer the same conventional amenity package.

The neighborhood itself becomes part of the workplace.

Creative and Loft Office Space

Tribeca remains one of the strongest locations in Manhattan for tenants that want a genuine loft environment.

77 Hudson Street illustrates the neighborhood’s industrial history. The building was originally constructed in 1910 as a mercantile warehouse and retains features such as arched doorways and wood beams.

The appeal is not simply architectural. Loft offices can give companies more flexibility in organizing workstations, meeting rooms, studios, collaborative areas and private offices. Large windows and high ceilings can also create a very different working environment from a conventional office tower.

For creative tenants, that distinction can be more important than a polished lobby or standardized amenity package.

Tribeca vs. Hudson Square

Tribeca and Hudson Square are often searched together because the two office markets overlap geographically. The distinction becomes important when choosing space.

Tribeca generally offers more historic loft character, smaller buildings and a quieter neighborhood environment.

Hudson Square has a larger concentration of modern Class A office buildings and larger floorplates.

A company looking for a 3,000-square-foot creative loft may prefer Tribeca, while a company searching for 30,000 square feet of highly modern Class A space may find more options around Hudson Square.

The two areas are close enough that tenants should search both rather than treating the neighborhood boundary as a hard line.

Major Office Buildings to Know
  • 101 Greenwich Street

A major renovated Class A office building with modern amenities, flexible suites and substantial floorplates. It is particularly relevant to tenants that want downtown access with a more contemporary workplace environment.

  • 101 Avenue of the Americas

A large Class A building at the Tribeca, Hudson Square and SoHo intersection. Its size, infrastructure and modern floorplates make it suitable for financial, technology and creative users.

  • 10 Harrison Street

A loft/Class B property that attracted attention after an AI company reportedly leased the building at a $75/SF asking rent in early 2026.

  • 77 Hudson Street

A historic loft property and former mercantile warehouse. Its original architectural character represents the type of space that differentiates Tribeca from conventional office districts.

  • 99 Hudson Street

A prewar, loft-style office option offering the character-rich environment associated with Tribeca’s older commercial buildings.

  • 40 Worth Street

A historic loft property suited to tenants looking for a more boutique downtown office environment.

  • 401 Broadway

A prewar property offering smaller, character-oriented office opportunities.

  • 285 West Broadway

A prewar/loft building with smaller creative office opportunities.

  • 15 Laight Street

A boutique Class A building near Hudson Square, providing a more modern alternative within the broader Tribeca office search.

  • 32 Avenue of the Americas

A large Class A property with significant infrastructure near the Canal Street area and a major office and communications presence.

  • 345 Hudson Street

A major Class A office complex in Hudson Square, close to Tribeca and particularly relevant to larger tenants seeking modern office space.

  • 555 Greenwich Street

A modern Class A office building connected to the broader Hudson Square technology ecosystem and suitable for companies requiring larger, contemporary office space.

The right building depends heavily on required square footage. Smaller historic properties can work well for boutique tenants, while larger Class A buildings near the neighborhood’s perimeter are more practical for companies requiring substantial contiguous space.

Which Businesses Lease Office Space in Tribeca?

Tribeca’s tenant mix is closely connected to its architecture, location and relationship with Hudson Square.

Technology and AI

Technology companies can choose between historic lofts in central Tribeca and modern Class A space closer to Hudson Square. The creative environment and access to the broader downtown technology ecosystem are important advantages.

Media and Production

Media and production companies often benefit from the larger open floors and distinctive layouts available in Tribeca’s loft buildings, particularly in central and western parts of the neighborhood.

Creative and Design

Historic Tribeca is a natural fit for creative and design firms. High ceilings, large windows and distinctive architectural details provide a workplace that feels different from a conventional office tower.

Financial Services

Financial companies that prioritize modern infrastructure and transit access may find better options toward the Hudson Square edge, particularly in Class A buildings.

Law Firms

Law firms can benefit from Tribeca’s central Lower Manhattan location and access to both traditional office buildings and more character-oriented Class B properties.

Professional Services

Professional-services companies can choose from Class A and Class B space around Tribeca and the Canal Street area, depending on their size and workplace requirements.

Architecture and Engineering

Historic lofts can work particularly well for architecture and engineering firms because their open layouts allow greater flexibility in organizing workstations, meeting areas and project space.

Healthcare and HealthTech

HealthTech and healthcare-related companies may favor the Hudson Square edge, where modern infrastructure and transportation connections are more readily available.

Small Businesses

Smaller companies can benefit from boutique buildings and side-street locations where smaller suites and neighborhood character are more common.

Media and Advertising

Media and advertising companies can take advantage of both loft and Class A options, while restaurants, culture, retail and the surrounding creative ecosystem add value beyond the office itself.

Technology and AI are becoming particularly important to the broader Tribeca/Hudson Square office ecosystem. The recent 10 Harrison Street lease is one example, while nearby Hudson Square has attracted a much larger concentration of technology tenants.

Lease Concessions and Effective Rent

Asking rent is only the starting point when comparing Tribeca office space.

Tenants should also evaluate:

  • Free rent
  • Tenant-improvement allowance
  • Existing build-out
  • Furniture
  • Operating expenses
  • Lease term
  • Renewal options
  • Expansion rights
  • Sublease rights
  • Assignment provisions

These terms can materially change the effective cost of a lease.

The difference is especially important when comparing a historic loft with a newly renovated Class A building. A loft may require more tenant work but offer a lower face rent, while a modern prebuilt office may have a higher asking rent but require significantly less upfront construction.

Direct Lease vs. Sublease

A direct lease is usually better suited to a company planning a longer-term occupancy. It generally allows more customization, although build-out costs and upfront expenses can be higher. Furniture is usually separate, and flexibility depends on the negotiated lease terms.

A sublease is often more suitable for companies that need shorter-term or immediate occupancy. The space may already have an existing build-out and furniture, reducing upfront costs. Availability changes frequently, but subleases can provide greater flexibility than a conventional long-term lease.

For Tribeca companies, a furnished or already built-out sublease can be particularly attractive to a small technology, media or creative business that wants to move quickly without spending heavily on construction.

Tribeca Office Amenities

Tribeca’s amenities are different from those found in a large Midtown tower.

Some modernized buildings provide tenant lounges, conference centers, rooftop or terrace areas, fitness facilities, bicycle storage, modern lobby and security systems, high-speed connectivity and prebuilt office suites. Restaurants and retail can also be available at street level.

But the neighborhood itself is arguably the larger amenity.

Employees have immediate access to restaurants, cafés, hotels, parks, galleries, retail and the Hudson River waterfront. That makes Tribeca particularly attractive to companies that want an office environment where employees can leave the building and immediately have places to eat, meet clients or spend time outside.

Tribeca Office Space and the Hudson River

The Hudson River waterfront is another important part of the neighborhood’s appeal.

Hudson River Park runs along the western edge of Tribeca and provides walking, recreation and outdoor space close to office buildings.

For companies focused on employee experience, this creates a different environment from an office located several blocks inland in the Financial District.

The combination of historic buildings, restaurants, waterfront access and relatively quiet streets is one reason companies continue to consider Tribeca even when less expensive downtown office options are available elsewhere.

Transportation to Tribeca

Tribeca has strong subway access from several directions. Depending on the exact part of the neighborhood, tenants can access the 1, 2, 3, A, C, E and R/W subway services.

The 1, 2 and 3 trains provide north-south access along the west side of Manhattan and connections toward Upper Manhattan.

The A, C and E provide additional connections through Lower Manhattan, Midtown and the West Side.

The R and W services provide access toward Midtown, Downtown and Brooklyn, particularly around the eastern side of Tribeca and City Hall.

The PATH connection at the World Trade Center is particularly useful for New Jersey commuters, while nearby ferry services provide additional waterfront connections.

Multiple subway stations are within walking distance depending on the building, making the exact office address important when evaluating employee commutes.

The neighborhood’s proximity to the World Trade Center also gives tenants access to one of Lower Manhattan’s largest transportation hubs.

Tribeca vs. Financial District

Tribeca and the Financial District are close enough that companies often compare them directly.

The Financial District offers a much larger concentration of high-rise Class A office buildings and large floorplates.

Tribeca offers more historic architecture, loft inventory, smaller buildings and a neighborhood environment that feels less corporate.

For a company that needs 100,000 square feet, the Financial District may provide a deeper inventory of suitable buildings. For a company looking for 5,000 to 15,000 square feet with character, Tribeca can offer a very different set of choices.

Tribeca vs. SoHo

SoHo is another natural comparison.

Both neighborhoods have historic loft architecture and creative tenants, but Tribeca is generally quieter and more residential.

SoHo has a stronger retail identity and heavier pedestrian traffic, while Tribeca has more residential streets, waterfront access and a broader mix of boutique office properties.

Companies choosing between the two should consider not only asking rent but also employee commute, floorplate, building condition, street environment and client access.

Why Companies Choose Tribeca

The case for Tribeca office space is not based on one statistic. It comes from the combination of several factors.

Location. Tribeca sits between major Lower Manhattan employment centers, including Hudson Square, the Financial District and the World Trade Center.

Architecture. Historic loft buildings provide something that standardized office towers cannot easily reproduce.

Technology ecosystem. AI and technology companies continue to appear in the neighborhood and surrounding Hudson Square market.

Amenities. Restaurants, cafés, retail, parks and the Hudson River are all part of the immediate environment.

Transit. Multiple subway services and proximity to the World Trade Center make the neighborhood accessible from different parts of the region.

Flexibility. The market includes everything from small loft offices to large Class A buildings, allowing companies to choose space according to size, budget and workplace requirements.

Frequently Asked Questions
How much does office space cost in Tribeca?

There is no single Tribeca asking rent. Recent evidence includes a reported $75/SF asking rent at 10 Harrison Street, while premium Class A and highly renovated properties can command substantially more. Indicative ranges vary depending on location, building type, condition and lease terms.

Is Tribeca good for technology companies?

Yes. Technology and AI companies are part of the neighborhood’s evolving tenant base, while the adjacent Hudson Square market has become one of Lower Manhattan’s major technology office clusters. Recent leasing at 10 Harrison Street is one example of continued technology demand.

Is Tribeca mostly loft office space?

A significant portion of the neighborhood’s distinctive office inventory consists of converted industrial and prewar buildings. However, tenants can also find modern Class A properties, particularly toward Hudson Square and the Canal Street edge.

What are the best office buildings in Tribeca?

Important properties include 101 Greenwich Street, 101 Avenue of the Americas, 10 Harrison Street, 77 Hudson Street, 99 Hudson Street, 40 Worth Street, 401 Broadway and 285 West Broadway. Larger tenants should also consider nearby Hudson Square properties such as 345 Hudson Street and 555 Greenwich Street.

Is Tribeca cheaper than Midtown?

Tribeca can provide lower-cost alternatives to the most expensive Midtown trophy corridors, but premium downtown Class A buildings can still command high asking rents. The comparison should therefore be made building by building rather than using a single neighborhood average.

Is Tribeca good for small businesses?

The neighborhood’s historic lofts and boutique buildings can be particularly suitable for small and mid-sized businesses looking for character, central access and smaller floorplates.

Does Tribeca have Class A office space?

Yes. 101 Greenwich Street and 101 Avenue of the Americas are examples of modern or extensively renovated Class A office options around the Tribeca/Hudson Square edge.

How easy is it to commute to Tribeca?

Tribeca is served by multiple subway lines and is close to the World Trade Center transportation network. Exact access depends on the building, but the neighborhood generally provides strong connections to Midtown, the West Side, Brooklyn, New Jersey and other parts of Lower Manhattan.

Find Tribeca Office Space for Rent

Tribeca is not a conventional office district.

Its strongest selling point is the combination of historic architecture, creative loft space, modern Class A buildings, downtown connectivity and a neighborhood environment that extends beyond the office itself.

The market is also becoming more relevant to technology and AI companies, while broader Downtown leasing conditions have improved. That makes Tribeca worth considering not simply as a lifestyle alternative to Midtown, but as a distinct office market with its own tenant base and building types.

For companies searching for Tribeca office space for rent or lease, the most useful comparison is not one neighborhood-wide average. The right choice depends on the building, floorplate, asking rent, concessions, transit access, existing build-out and the type of workplace the company wants to create.

For a creative company, a historic loft may be the priority. For a growing technology or financial firm, modern Class A space near Hudson Square may make more sense. For a smaller business, a boutique office or furnished sublease can provide the location without the commitment of a large direct lease.

Tribeca gives tenants all of those options within a relatively compact part of Lower Manhattan.

 

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MANHATTAN OFFICE SPACE MARKET INFORMATION

  • INVENTORY SF 532 M,  Prior Period 531 M
  • UNDER CONSTRUCTION SF 6.5 M, Prior Period 7.1 M
  • VACANCY RATE 15.5%,  Prior Period 15,9% 
  • AVERAGE MARKET RENT/SF  $77, Prior Period $76.50
  • MARKET SALE PRICE/SF  $680, Prior Period $750 
  • MARKET CAP RATE  6.2%, Prior Period 5.8%

Availability

  • Vacant SF 82 M, Sublet SF 15 M
  • Availability Rate 15.5%, Available SF 84 M
  • Available average Asking Rent/SF $55
  • Occupancy Rate 85%, Percent Leased Rate 90%

Office Sales Past Year

  • Asking Price Per SF $635
  • Sale to Asking Price Differential -20%
  • Sales Volume $9 B
  • Properties Sold 195
  • Months to Sale 14
  • For Sale Listings 220
  • Total For Sale SF 5.1 M

Demand

  • 12 Months Net Absorp % of Inventory 0.5%
  • 12 Months Leased SF 41 M
  • Months on Market 15
  • Months to Lease 10
  • Months Vacant 10
  • 24 Months Lease Renewal Rate 47%
  • Population Growth 5 Years -6% 
nyc.manhattan2

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