38 West 39th Street

New York, NY 10018

212-581-3003

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Affordable office space in Manhattan, NYC

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

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

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

10,000 sf,  Hi floor, Lease term 5-10 years,   Pre-built upscale office space.

  • 10000 Sq Ft
  • Upon request
  • Office Space
Details

Downtown Manhattan, Financial District

2 months ago
  • Upon request
Wall St, NY, NY, Class A Office Building, space for lease

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

3 months ago
  • Upon request
Liberty Street, NY, NY Class A Office Building, space for sublease

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

4 months ago
  • Upon request
John St, NY, NY, Class B Office space for sublease

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

4 months 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

4 months 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

4 months ago

Affordable office space in Manhattan, NYC

  Affordable office space in Manhattan, NYC  –   Manhattan’s inventory of office space has almost 410 million square feet. Thousands of office buildings located here in the region form a group of 30 neighborhoods. Because Manhattan’s commercial real estate market is very complex, the best advantage is to hire a commercial real estate professional firm. Finding affordable office space is not such an easy job, and the best opportunity is the Financial District, a well-known area considered as the world’s leading financial center. The second option is the Garment District.

What Neighborhoods Offer Cheap Office Space in NYC?

New York City has been proven from many to be the city with the highest commercial rents of any Unites States city. However, several Manhattan areas offer excellent and affordable office space. History facts show three regions with pretty cheap office space buildings – Midtown, Midtown South, and Lower Manhattan all have neighborhoods with low-cost spaces. One example is the Garment District area in Midtown.

Office space listings there start from base rents as low as $37 per square foot. In Lower Manhattan, The Financial District has plenty of cheap office space. This area is full of low-cost spaces popular among future tenants. The average asking rent is somewhere near $57 per square foot. The second cheap area is the Garment District, 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. Asking prices for rents for a Class A buildings in Downtown Manhattan are very competitive with similar buildings in the Plaza District neighborhood.

Good deals in Class C Buildings

One way to limit your rent prices is to move from Class A to Class C buildings. Class C buildings are smaller in spaces and situated on the side of the street. Lowering your office space requirements can lead you to cheaper places. For-example amenities such as central air conditioning, a 24/7 attended lobby, ADA compliant 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 renovating the building facade or the roof, installing new and modern mechanical systems.

Below-Market Office Sublets Deals

Finding below market subleases of office and loft space can be trickier, but luckily it is achievable. Future Manhattan business tenants will have the opportunity to acquire cheap office space in NYC below the regular market prices. Seeking the best commercial real estate listing in Manhattan, whether you are talking for a Class A, Class B building, a below-market sublease, it will always be best to find affordable office space in New York City with the help of a professional team.

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 NYC Right for your business firm? Subleasing office spaces in Manhattan can be a very cost-effective way. Manhattan sublet contracts can last from 1 month in duration, to 12 months and more if needed. Finding office space in Manhattan can be a challenge especially if you’re looking for a temporary office workspace that meets the everyday needs of your business.

 

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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, New York, NY 10001, Office Medical space for lease 1400-2800 square feet

  • 2800 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

11th Ave The Chelsea Piers Sports & Entertainment Complex, Loft – office – retail for lease.

  • 3000 - 10,000 Sq Ft
  • Upon request
  • Commercial Loft Space

Chelsea West 25th Street NY NY Class A Office space for lease

  • 4000 Sq Ft
  • Upon request
  • Gallery Space, Office Space
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