37 West 47th Street

New York, NY 10036

212-581-3003

24/7 Customer Support

Mon - Fri: 24/7

Always open online

Affordable office space in Manhattan

Featured
  • Upon request
Vesey Street, Downtown Class A Pre-Built Office space for lease

Vesey Street, Downtown Class A Pre-Built Office space for lease 10,000 sf

  • Upon request
Vesey St, New York, NY, USA

Vesey Street, Downtown Class A Pre-Built Office space for lease 10,000 sf   10,000 sf,  High floor, Lease term 5-10 […]

  • 10000 Sq Ft
  • Upon request
  • Office Space
Details

Downtown Manhattan, Financial District

1 year ago
  • Upon request
2013 09 11 030

Wall St, NY, NY, Class A Office Building, space for lease

  • Upon request
Wall St, New York, NY, USA

Wall St, NY, NY, Class A Office Building, space for lease 3,000 – 10,000 sf, Hi floors, Vacant, Office space for […]

  • 3000 sf
  • Upon request
  • Office Space
Details

Downtown Manhattan, Financial District

2 years ago
  • Upon request
liberty st

Liberty Street, NY, NY Class A Office Building, space for sublease

  • Upon request
Liberty St, New York, NY, USA

2,500 -5,500 -10,000 sf,   Hi floors, Sublease term 3-10 yrs, Vacant, Office Brand-new, high-end installation, fully cabled, with spacious private […]

  • 2500 - 10,000 Sq Ft
  • Upon request
  • Office Space
Details

Downtown Manhattan, Financial District

2 years ago
  • Upon request
115 john st

John St, NY, NY, Class B Office space for sublease

  • Upon request
John St, New York, NY 10038, USA

2,500 sf, 4th floor, Vacant, move in condition, Office space, 4 windowed offices. Large bullpen area. Furniture available. Fully wired […]

  • 2500
  • Upon request
  • Office Space
Details

Downtown Manhattan, Financial District

2 years ago
  • Upon request
Office Space Manhattan NYC

Maiden Ln, NY, NY, Gold St, Class B Office Buildin

  • Upon request
Maiden Ln, New York, NY 10038, USA

3,500 sf, 7,000 sf,   9th floor, Lease term 3-10 yrs, Vacant, Office space, Pre-built space. New installations are available […]

  • 3500 sf
  • Upon request
  • Office Space
Details

Financial District

2 years ago

Broadway, NYC, Financial District, Class B Office space for sublease

  • $39
Broadway, New York, NY, USA

 5,100 sf, Hi floor, Vacant, Office space, sublet term 3-5 years. Recently built creative installation, 5 offices, 1 conference room, […]

  • 5100 sf
  • $39
  • Office Space
Details

Broadway, Financial District

2 years ago

Affordable office space in Manhattan

  Affordable office space   –   Manhattan total office space from Wall Street to north Harlem has around 520M square feet.  Huge amount of office buildings located here in the region form a group of 30 neighborhoods. Since Manhattan commercial real estate market is very complicated, the most effective benefit is to hire a commercial real estate brokerage company. Finding affordable office space is not such an easy job, and the best opportunity is in the Financial District/Wall street, City hall a well-known area considered as the world’s leading financial center. The second option is the Garment District or  in the West 30’s  5th to 12th Avenues.

What Area in New York offers  low cost/cheap office space for rent?

Most of Manhattan has actually been showing from a lot of different sources to be the City with the most costly office rent prices of any City in the Country. However, several NYC areas offer excellent and affordable office space. History facts show three regions with low cost office space buildings – Midtown West, Midtown South, and Lower Manhattan, there are neighborhoods with low office rent prices. One example is the Garment District area in Midtown West.

Office space listings there begins from cheapest rents as low as: $30-35 per square foot. Wall Street, City Hall, The Financial District has plenty of cheap/affordable office space. This area is full of Absolut best priced spaces popular among all kind of tenants. The average asking rent is somewhere: $40-50 per square foot. The second cheap area is the Garment District or in the West 30’s  5th to 12th Avenues, a very popular region thanks to the proximity to the Penn Station, Port Authority Bus Terminal, Long Island Rail Road, New Jersey Transit, and Times Square. Approaching costs for rents for a Class A  offices in Downtown Manhattan are serious with comparative structures in Midtown and Midtown South.

Good deals in Class C Buildings offices for lease

One approach to minimize your lease spending is to move from Class A to Class B or C structures. Class C structures usually are less in size and quality and arranged in the side road or street. Bringing down your office space necessities can lead you to less expensive spots. For-instance good example, HVAC cooling system, ground floor entrance, round the clock security personal, modern high speed elevators, handicap accessible bathrooms, and high-end fire alarm systems get passed, will bring tenants to higher rents. Landlords know precisely what business tenants want and invest in renovation the building façade or the roof, installing new and modern mechanical systems.

Under the Market Office Sublets Deals

Finding below normal market subleases of office and loft space can be tricky, but luckily it is achievable. Future Manhattan business tenants will have the opportunity to acquire cheap/affordable office space in New York City, beneath the regular market prices. Looking for the best retail or office posting in Manhattan, regardless of any Class of office structure, under the market vacant sublease  will constantly be ideal to discover a perfect selection of space in New York City with the assistance of an expert group.

Finding the right answer to these questions will make your life easier: Serious about saving? Have a look at the Manhattan office sublets. Is a Sublet Office Space in Manhattan the best choice for your company? Sublease office space in New York can be cost efficient way. Manhattan sublet agreements can have terms from one year , to 10 years and longer, as negotiated. Finding affordable office space in Manhattan can be a challenge  if you’re looking for a temporary office workspace that meets the everyday needs of your business.

 

.

office space in Manhattan, NYC
Affordable office space in Manhattan, NYC

MANHATTAN OFFICE SPACE MARKET INFORMATION

INVENTORY SF 376 M +1.0% Prior Period 373 M
UNDER CONSTRUCTION SF10.2 M -10.3%Prior Period 11.4 M
VACANCY RATE11.7% +1.0%Prior Period 10.7%
AVERAGE MARKET RENT/SF$76.15 +1.2%Prior Period $75.25
MARKET SALE PRICE/SF$904 +2.9%Prior Period $878
MARKET CAP RATE4.3% Prior Period 4.3%

Availability
Vacant SF 40.7 M Sublet SF 11.8 M
Availability Rate 18.3% Available SF 65.8 M
Available average Asking Rent/SF $60.04
Occupancy Rate 88.3% Percent Leased Rate 91.5%
Office Sales Past Year
Asking Price Per SF $701
Sale to Asking Price Differential -1.4%
Sales Volume $7.5 B
Properties Sold 104
Months to Sale 11.0
For Sale Listings 142
Total For Sale SF 1.3 M

Demand
12 Months Net Absorp % of Inventory -0.1%
12 Months Leased SF 32 M
Months on Market 8.2
Months to Lease 12.1
Months Vacant 11.0
24 Months Lease Renewal Rate 35.1%
Population Growth 5 Years 3.0%

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • 300 - 20,000 Sq Ft
  • $70 per SF
  • Medical Office Space, Office Space
Featured

30 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1700 - 3500 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

18 W 33rd St, Herald Square, NY Office Medical space for lease or sale 1400-2800 square feet

  • 2800 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

36 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1560 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • 1850 - 3000-10,000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

14 E 55th Street, Plaza District, NY, Medical office space for lease 2,000 + 2,000 sf

  • 2000 Sq Ft
  • Negotiable
  • Office Space, Showroom Space

Compare listings

Compare