38 West 39th Street

New York, NY 10018

212-581-3003

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Columbus Circle Office Space

W 57th St, Manhattan, NY, NY, 7th Ave, Class-A Office Building sublease

  • Upon request
W 57th St, New York, NY, USA

1,500 sf, 3,000 sf, 6,500 sf, Hi floors, Move in condition, Office space, Brand new pre-built suite featuring stone entry, […]

  • 1500 - 3000 Sq Ft
  • Upon request
  • Office Space
Details

Columbus Circle, Midtown Manhattan

4 months ago
  • Upon request
E 40th St, Bryant Park, NY, 5th Ave, Class B Office Building

Broadway, New York, NY, 58th St, Class A Office Building

  • Upon request
Broadway, New York, NY, USA

3,000 sf, 6,000 sf, 12,200 sf,   25th floor, Possession Arranged, As Is condition, Office space, Built-out space with furniture […]

  • 3000 sf
  • Upon request
  • Office Space
Details

Columbus Circle, Midtown Manhattan

4 months ago
  • Upon request
E 40th St, Bryant Park, NY, 5th Ave, Class B Office Building

W 57th St, New York, NY, 7th Ave, Class B Office for lease

  • Upon request
W 57th St, New York, NY, USA

W 57th St, New York, NY, 7th Ave, Class B Office for lease 2,400 sf,   14th floor, Possession Arranged, […]

  • 2400 sf
  • Upon request
  • Office Space
Details

Columbus Circle, Midtown Manhattan

4 months ago
  • Upon request
Madison Ave, NY, NY, 46th St, Class A Office Building

W 57th St, New York, NY, 7th Ave, Class A Office Building

  • Upon request
W 57th St, New York, NY, USA

2,500 sf, 5,000 sf, 7,500 sf,   7th floor, Vacant, Office space, New high end pre-built suite. Featuring stone entrance, […]

  • 2500 - 5000 Sq Ft
  • Upon request
  • Office Space
Details

Columbus Circle, Midtown Manhattan

4 months ago
  • Upon request
Office Space Manhattan NYC

W 55th St, New York, NY, Class B Office Building

  • Upon request
W 55th St, New York, NY, USA

4,000 sf, 8,000 sf,   5th floor, Possession Arranged, Office space, Shared office space with reception, conference rooms and production […]

  • 4000 sf
  • Upon request
  • Office Space
Details

Columbus Circle

4 months ago
  • Upon request
W 56th St, NY, NY, 6th Ave, Class A Office

W 56th St, NY, NY, 6th Ave, Class A Office Building

  • Upon request
W 56th St, New York, NY, USA

W 56th St, NY, NY, 6th Ave, Class A Office Building 4,655 sf,   19th floor, Vacant, Office space, 5 […]

  • 4655 sf
  • Upon request
  • Office Space
Details

Columbus Circle

4 months ago

Columbus Circle Office Space

Columbus Circle Office Space – Columbus Circle is a public transportation circle with heavy traffic load the New York City Manhattan area, located at the intersection of Broadway, Central Park South, and Central Park West, at the southwest corner of Central Park. Known as a significant point from which official highway distances from New York City are tracked, as well as the center of  restricted-travel area, the region is named after the monument of Christopher Columbus, a historical place listed in National Registers.

Columbus Circle is a neighborhood witch surrounds a few blocks in every direction of its location. With its unique five streets radiating outward from the circle and separates it into five distinct positions – East, West, North, Northeast and Southeast, Columbus Circle was created back in the 1800s as a circular public space meant to serve as a portal to the park and includes a plethora of shopping centers, high-end restaurants, and not in last place Class A office buildings such as Skidmore Owings and Merrill-designed Time Warner Center.

Columbus Circle Office Space for lease

Breathtaking side-views overlooking Central Park and New York City office space, Columbus Circle is home of banks, investment management companies, real estate firms, and media businesses such as CNN, Warner Media, Chase Bank, Bank of America, Trump International Hotel and Tower. Depending on the demand and workspace requirements, the circle has a comprehensive selection of office types available such as private office space, executive office suites, coworking office space, team meeting rooms, and conference rooms in luxury buildings.

The neighborhood benefits from the upcoming massive development of the Hudson Rail Yards with its approximately 12,800,000 SF and even though the site stands 14 blocks south of the circle. Nowadays, there is no other place in the New York City like 57th Street, as a number of the city’s largest builders have set their logos screaming loud for new office space for rent buildings to come.

Inventory around  36 million SF,  available space 5.5 million SF, Vacancy Rate 8%

 

Demand and prices for office space for rent in Columbus Circle ?

Midtown Manhattan office space for lease asking rents reached last year a high amount of $85 per square foot in, the highest rates recorded last. Another exciting thing is that leasing activity in this area of Manhattan is also upscale, with 4 million SF of office space leased during the beginning of 2019. Given its location close to Rockefeller Center, Central Park, Times Square, Columbus Circle office space also commands above-average office rents.

Roughly $95 per square foot is the average price for Class A office space for lease, while Class B office space is priced in the  $71 per square foot. 

Transportation in Columbus Circle

Walking is an excellent way for New Yorkers to take care of their health, but almost everyone chooses to use personal cars or public transportation. The M5, M7, M10, M20, and M104 buses serve the circle, providing through service. Under the Columbus Circle is the New York City Subway’s 59th Street–Columbus Circle station, served by several trains. Traffic in this area is in high intensity. Luckily the public transportation is well organized.

59th Street–Columbus Circle"1" train"A" train"B" train"C" train"D" train

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Columbus Circle Office Space
columbus circle office space
columbus-circle-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
Featured

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