Columbus Circle Office Space

Columbus Circle Office Space – Columbus 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 brand new 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 in the last couple of years.

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: 10%

Demand and prices for office space for rent in Columbus Circle

The fortified interest has applied descending weight on opportunity, with Columbus Circle 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 $80-85 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: $85-95 per square foot. 

Class B office space is priced around:  $60-70 per square foot.  

We offer excellent deals as a fully built-out and furnished office subleases in the area in class A and B buildings for $45-55 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​​​​

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