38 West 39th Street

New York, NY 10018

212-581-3003

24/7 Customer Support

Mon - Fri: 24/7

Always open online

Flatiron District office space

  • Upon request
Fifth Ave, Flatiron, 20s, Class B Office Building

Fifth Ave, Flatiron, 20s, Class B Office Building

  • Upon request
5th Ave, New York, NY, USA

Fifth Ave, Flatiron, 20s, Class B Office Building 4,100 – 8,200 sf, Hi floor, Vacant, As Is condition, Office space, Lots  of […]

  • 4100 Sq Ft
  • Upon request
  • Office Space
Details

Flatiron District

7 months ago
  • Upon request
W 22nd Street, 5th Ave, Class B Office Building, 5000-12,000 sf

W 22nd Street, 5th Ave, Class B Office Building, 5,000-12,000 sf

  • Upon request
W 22nd St, New York, NY, 10010

W 22nd Street, 5th Ave, Class B Office Building, 5,000-12,000 sf   5,000 -12,000 sf,  High floor, Vacant office space […]

  • 5000 - 12,000 Sq Ft
  • Upon request
  • Office Space
Details

5th Avenue, Flatiron District

8 months ago
  • Upon request
w17 1

W 17th St, New York, NY, Fifth Ave, office space for lease

  • Upon request
W 17th St, New York, NY 10011, USA

W 17th St, New York, NY, Fifth Ave, office space for lease 3,000, 4,500 sf, 8th floor, Vacant, As Is […]

  • 3000 sf
  • Upon request
  • Commercial Loft Space, Office Space
Details

Flatiron District

8 months ago

W 20s St, New York, NY, Between Fifth & Sixth Avenues, Class B Office Building

  • $49/per SF
W 20s St, New York, NY 10011

W 20s St, New York, NY, Between Fifth & Sixth Avenues, Class B Office Building 4,700 sf, 6th floor, Vacant, […]

  • 4700 Sq Ft
  • $49/per SF
  • Office Space
Details

Flatiron District, Sixth Avenue

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

W 17th St, New York, NY, Fifth Ave Class B Office Building

  • Upon request
W 17th St, New York, NY 10011, USA

2,500 sf,   4th floor, Vacant, Office space, Beautiful space, parque wood floors, nice private bathroom, central A/C, kitchen, 5 […]

  • 2500 sf
  • Upon request
  • Office Space
Details

5th Avenue, Flatiron District

9 months ago

Flatiron District office space

Flatiron District office space – The Flatiron District in New York City is encased by Fourteenth Street, Union Square toward the south, Sixth Avenue and Chelsea toward the west, 23rd Street furthermore, Madison Square Park toward the north, Park Avenue toward the east. It is named this due to its image – the remarkable three-sided Flatiron Building, which is a unique historic structure and one of the main high rises in NYC build in early 1900’s. Flatiron is actually full of energy district. Because of the rich history and culture, most of the office spaces located here are beautifully renovated historic buildings, unique for Manhattan and New York City office space for lease.

Flatiron District Office Space for lease

Known as a technology center of Manhattan, Flatiron District office space for rent here are attracting many firms in this field – tech, media, consulting, marketing, startups and so on. An Interesting fact is that Flatiron District attracts more young workers in these companies, compared to other parts of Manhattan and because of this many fitness and food (cafes, bars, restaurants and markets) businesses are located here by serving these younger communities of people.

As a result and not by accident here is located a huge farmer’s market for organic food products (Greenmarket). Another not surprising fact is that 60,000 square feet is rented by Italian marketplace with 7 high-quality restaurants.  Flatiron District,  total inventory is around:  9.4 Million sq ft  of office space for lease.

Demand and prices for office space for rent in Flatiron District

The difference of these prices is minimal, if  you check  the available commercial property databases, you will find out  that Flatiron District office lease rates are a little higher to the average prices for New York.  Because of limited office space for rent and the demand is very high, the prices for office space for lease in Flatiron District actually remain one of the highest in Manhattan. The rental costs fluctuate by factors like structure class A, B and C, area and the rent length. It isn’t amazing that the most costly properties for lease arriving at high numbers in the district.

Flatiron District office space rent prices in class A buildings: $80-$90 per square foot  and some budget options for offices for lease in low-class buildings,

Class B and C, can be found for around: $60-70 per square foot (limited space availability). The amount of  available space to rent or lease is around 1.8 million square feet, but as the area is much demanded, the percentage of vacancy rate is:  9%.

 

Flatiron District office space Inventory:  around  9.4 million SF,  available space for lease:  1.8 M  SF, Vacancy Rate: 9%

 

Transportation in Flatiron District

The Flatiron District area has good transportation link – because it is large subway hub in New York, the best way the workers to go there is by subway, taking the R, W or 6 trains to 23rd Street, or by the M1, M2 and M3 buses that run down Fifth Avenue from Midtown and the Upper East Side (north Fourth Avenue, Park Avenue South from the Village). The subway makes Flatiron district one of the best accessible neighborhoods in NYC with one of the most attractive office spaces for rent in Manhattan.  The area has a high stroll rating as well as is amongst one of the most convenient to take a walk in Manhattan.

 Broadway LineSunflower yellow"N" train​​"R" train"W" train

.

Flatiron District office space
Flatiron District office space
Flatiron District 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

Compare listings

Compare