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New York, NY 10018

212-581-3003

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Chelsea office space

Featured
  • Upon request
Chelsea West 25th Street NY NY Class A Office space for lease

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

  • Upon request
W 25th St, New York, NY, USA

Chelsea West 25th Street NY NY Class A Office space for lease    Office space for Lease: Entire 12th Floor: […]

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

Chelsea

1 month ago
  • Upon request
Commercial loft property market in New York City

W 18th Street, NY, NY, 5th Ave, Class B Office space for rent 5000-15000 sq ft.

  • Upon request
224 W 18th St, New York, NY 10011, USA

5,000 – 15,000 sq ft  Office space for lease.  White box with new bathrooms, new windows, new wood floors. Ceiling heights […]

  • 5000 Sq Ft
  • Upon request
  • Commercial Loft Space, Office Space
Details

Chelsea

3 months ago

W 23rd Street, NYC Chelsea, Office space for rent 5,500 sq ft.

  • Neg
W 23rd St, New York, NY, USA

W 23rd Street, NYC Chelsea, Office space for rent 5,500 sq ft.   Brand new plug and play prebuilt with exposed […]

  • 5500 Sq Ft
  • Neg
  • Office Space
Details

Chelsea

3 months ago
  • Upon request
W 22nd St, West Chelsea, NY, Office for lease 10,000 sf

W 22nd St, West Chelsea, NY, Office for lease 10,000 sf

  • Upon request
W 22nd St, New York, NY, USA

10,000 – 15,000 sf,  Hi floor, Possession Arranged, As Is condition, Office space, Turnkey move-in space, high ceilings with numerous skylights, […]

  • Office Space
Details

Chelsea

3 months ago

W 17th St, Fifth Avenues, Class B Office space for lease

  • $45 psf
5th Ave & W 17th St, New York, NY 10003, USA

2,200 sf, 4,400 sf, 6th floor, Vacant, Office space. Newly refinished, open loft. Great hardwood floors, lots of windows, 2 […]

  • 2200 - 4400 Sq Ft
  • $45 psf
  • Office Space
Details

5th Avenue, Chelsea

3 months ago
  • Upon request
W 18th St, New York, NY, Between Sixth & Seventh Avenues, office space for lease

W 18th St, New York, NY, Between Sixth & Seventh Avenues, office space for lease

  • Upon request
W 18th St, New York, NY 10011, USA

W 18th St, New York, NY, Between Sixth & Seventh Avenues, office space for lease 5,000 sf, 11,000 sf, 5th […]

  • 5000 sf
  • Upon request
  • Commercial Loft Space, Office Space
Details

Chelsea

4 months ago

Chelsea office space

Chelsea office space  –  Chelsea is a district located on the west side of Manhattan enclosed between 14th Street to the south, 30th Street to the north, the Seventh Avenue to the east, and the Hudson River to the west. Currently, it is mostly a residential area. But very modern offices are mixed with beautiful architecture and historical buildings by adding a unique look to this neighborhood. Due to its mixed and vibrant culture, Chelsea is attracting more than 300 million visitors each year from all over the world.

This Manhattan area is also known as one of the centers for the NYC art world because many art galleries are located in the western part of Chelsea. However, with millions of square feet total usable office space to choose from, it offers one of the most valuable New York office space for rent.

 Chelsea Office Space for lease

Chelsea is a great place for any business looking to be at the heart of New York’s creative office space zone. Big and small companies are leasing here by choosing a new home for their business. The possibilities are endless – the companies can choose smaller offices in co-working spaces or luxurious brick buildings from class A or B. When speaking of the Chelsea office market for rent, we should keep in mind that one of the world’s largest businesses is located here – Google.

The building, where Google is, itself offers nearly 2.9 million square feet of usable office space, with Google taking up roughly a quarter of that. Also, the other companies like Verizon and Huffington Post make this district one of the top real estate destinations for rent in Manhattan.

Demand and prices for office space for rent in Chelsea

If you compare these prices to the publicly available commercial real estate leasing data, you will see that Chelsea office space lease rates are close to the average price for New York office spaces for lease. Because Chelsea is a popular office space area, the demand for office spaces for rent is high. Another important fact is that vacancy rates in this district are among the lowest in New York City. The total inventory which is vacant and available to new renters currently is around 25 million square feet.

The businesses that are seeking office spaces here are usually paying around $50-80 per square foot rental, but the prices may vary due to many factors – the class A or B buildings are the main. Basically Chelsea has become one of NYC’s most sought after rental locales for businesses with prices rising each year.

Transportation in Chelsea

The area is well connected to the Metro area due to its good transportation links. Employees can choose between a few options for public transport. Chelsea is easily accessible with New York City bus routes M 7, M 10, M 11, M 12, M 14 and M 23, and houses the main entrance to the 34th Street – Hudson Yards station for the 7 train. New York City Subway is also conveniently located in the area.

Because of this, it is a highly attractive office space for lease in Manhattan providing comfortable commuting for potential workers and residents. Another curious fact is that Chelsea is listed among the top 20 most walkable areas in the whole New York City. So, if you have missed your cardio training, you can make your way to the office by foot as well!

 Eighth Avenue Line Vivid blue "A" train"C" train"E" train
Broadway–Seventh Avenue Line Tomato red "1" train"2" train"3" train

 

Chelsea office space
Chelsea office space
Chelsea office space

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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