38 West 39th Street

New York, NY 10018

212-581-3003

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Downtown Manhattan Office Space

233 Broadway, NY, NY, Class A Office space 10,000-25,000 sq ft sublease.

  • Upon request
233 Broadway, New York, NY 10279, USA

233 Broadway, NY, NY, Class A Office space 10,000-25,000 sq ft sublease. Class A Office space 10,000-25,000 sq ft  for […]

  • 10000 - 25,000 Sq Ft
  • Upon request
  • Office Space
Details

City Hall, Downtown Manhattan

5 months ago
Featured
  • Upon request
Vesey Street, Downtown Class A Pre-Built Office space for lease

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

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

Vesey Street, Downtown Class A Pre-Built Office space for lease 10,000 sf   10,000 sf,  High floor, Lease term 5-10 […]

  • 10000 Sq Ft
  • Upon request
  • Office Space
Details

Downtown Manhattan, Financial District

6 months ago
  • Upon request
2013 09 11 030

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

7 months ago
  • Upon request
Broadway

Broadway, NYC, Greenwich Village, Class A office space for lease

  • Upon request
Broadway, New York, NY 10003, USA

Broadway, NYC, Greenwich Village, Class A office for lease.   Office  space for lease , We will accommodate any size  3600 […]

  • 3600 - 160,000 Sq Ft
  • Upon request
  • Commercial Loft Space, Office Space
Details

Downtown Manhattan, Greenwich Village

7 months ago
  • Upon request
Tribeca

White St, NYC, Tribeca, Commercial loft space for lease

  • Upon request
White St, New York, NY 10013, USA

White St, NYC, Tribeca, Commercial loft space for lease 5,000 sf,  New to the market; Entire Full Floor,  Completely renovated […]

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

Tribeca

7 months ago
  • Upon request
255 Greenwich St, Tribeca

255 Greenwich St, Tribeca, Class A Office space

  • Upon request
255 Greenwich St, New York, NY 10007, USA

255 Greenwich St, Tribeca, Class A Office space for lease  6,000 – 11,700 SF, Ideal for office and medical -13’ […]

  • 6000 - 11,700 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Downtown Manhattan, Tribeca

7 months ago

Downtown Manhattan Office Space

Downtown Manhattan Office Space –  Downtown Manhattan is still the center of New York City businesses and also a cultural hub. Some real-estate owners convert their buildings into apartments, retail shops or restaurants, and the population in the area has triple after 2000. Lower Manhattan is moving endlessly from its notoriety and starting to pull in youthful experts. One of Manhattan’s most notable recorded neighborhoods is Downtown Manhattan, or as a great many people say Lower Manhattan.

This territory is the core of New York City’s office space structures and has gotten progressively sought after,  flaunting  its upscale class A office buildings as places of business with not all that expensive normal rents and higher score in available for lease office space.  Some state that the Financial District, a locale in Lower Manhattan, is the money related capital of the world and one of a couple of greatest business communities in the U.S. Financial District offers the absolute least expensive or we better say reasonable  office space in Lower Manhattan.

Downtown Manhattan Office Space for Rent / lease prices

Many of the largest deals reflected renewals by Lower Manhattan’s real estate sectors including FIRE and Government. Other essential deals among FIRE or Government tenants included American Express with near $74 square foot renewal at 200 Vesey Street at Brookfield Place. Rents in this neighborhood are averaging just under $56 per square foot. Another giant development in Lower Manhattan is World Trade Center, which presents seral sky rising office buildings and provides around 20 million square feet for lease.

The average asking rent in the WT center is around: $76 per square foot. 

One of the most expensive and trendy submarkets is the Tribeca or short for “Triangle Below Canal Street. Office space future tenants can expect a bill for just around: $70 per square foot for office space. In other words, the Downtown Manhattan office space is a great choice and perfect for commercial tenants in financial and government institutions as of unequaled vicinity to New York City’s heart infrastructure. Class A and Class B office space buildings are preferable from most of the local tenants. Let’s see the numbers:

Downtown Manhattan Class A office space asking rent prices are: $70 per square foot.

Class B office space rent prices are: $62 per square foot.

Class C office space rent prices are: $55 per square foot. 

Still, with limited activity, the Class A market saw a slight uptick in the free space area along with stagnant, historically high, asking rents.
Midtown Manhattan has plenty of tall Class A office towers that often reach 50+ stories buildings. Class B and C space have inclined uniquely in contrast to Class A space in Lower Manhattan.

Finding the best office space needs some researching and looking for Downtown Manhattan  office space will lead to average  asking rents floating around: $66 per square foot for Class A and Class B buildings. There are still valuable deals to be had in Lower Manhattan as average rents can be as much as 10% below asking rents. One particular right choice is to sublease an office space for organizations and set aside the cash. In this case, owners have to consider some crucial tips for subleasing office space, but that is another story.

Transportation around Downtown Manhattan

It is one of the most communicative places in Manhattan as it sits in the middle between Staten Island, Queens, Bronx and Brooklyn.  Thousands of people are coming each day to Downtown  Manhattan – the beautiful parks are attracting many tourists, students, and workers. It is a perfectly located , very easily accessible by public transport. With convenient access to all kinds of transportation  – 1, 2, 3, 4, 5, 6, A, C, E, R, W, J, Z , N, R, and Q subway lines, regional buses and 2 ferry lines, not to mention one of the best walkability rates in the States.

Trains:

Lexington Avenue Line green"4" train"5" train"6" train"6" express train
Broadway–Seventh Avenue Line red"1" train"2" train"3" train
Eighth Avenue Line blue"A" train"C" train"E" train

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Downtown Manhattan Office Space
Financial District Office Space 03
Downtown Manhattan 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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