38 West 39th Street

New York, NY 10018

212-581-3003

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Columbus Circle Office Space

  • Upon request
250 W 54th St. 4

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

  • Upon request
250 W 54th St, New York, NY 10019, USA

250 W 54th St, Columbus Circle, NYC Class B Office space for lease.  Very affordable rent prices ! 7th floor […]

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

Columbus Circle, Midtown Manhattan

6 months ago

3 Columbus Circle NYC, Class A Office space for rent

  • Upon request
3 Columbus Cir, New York, NY 10019, USA

3 Columbus Circle NYC, Class A Office space for lease    3,000 – 6,000 sf, 12,200 sf,  High floor, Possession […]

  • 3000 - 6000 Sq Ft
  • Upon request
  • Office Space
Details

Columbus Circle, Midtown Manhattan

8 months ago

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

8 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

9 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
  • Medical Office Space, Office Space
Details

Columbus Circle, Midtown Manhattan

9 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

9 months ago

Columbus Circle Office Space

Columbus Circle Office SpaceColumbus Circle is an open transportation hover with hefty traffic load the New York City Manhattan zone, situated at the crossing point of Broadway, Central Park South, Central Park West, at the southwest corner of Central Park. Known as a huge point from which official parkway good ways from New York City are followed, just as the focal point of confined travel region, the locale is named after the landmark of Christopher Columbus, a spot recorded 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.

Redesigns, instead of ground-up development have been the system here over the previous decade. Late capital uses have been delivering profits as a few important tenants have moved into the submarket since the beginning of 2019.

Columbus Circle Office Space for lease/rent

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. Contingent upon the interest and workspace necessities, the circle has an exhaustive determination of office types accessible, for example, private office space, leader office suites, cooperating office space, group meeting rooms, and gathering rooms in Class A office structures.

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.

Columbus Circle office space 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

The fortified interest has applied descending weight on opportunity, with Columbus Circle’s occupancy levels significantly better since the beginning of 2017. Notwithstanding this, rents have seen little change in late quarters, as the submarket comes up short on the quantity of travel choices accessible in other area of Midtown submarkets, particularly for properties found further west, in this manner constraining how far property owners can push their rents during this profoundly serious cycle.

New York, NY office space for lease or rent asking cost showed up at a year back a high proportion of $85 per square foot, the most significant rates recorded last. Some other empowering thing is that leasing development around the region of Manhattan is moreover upscale, with 4 million SF of office space rented during the beginning of  last year. Taking into consideration its area near Rockefeller Center, Central Park, Times Square, Columbus Circle office space additionally orders better than expected office rent prices.

Columbus Circle office space rent prices for Class A around: $95 per square foot. 

Class B office space is priced around:  $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 02
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, 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

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