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Midtown East Manhattan Office Space

60 E 42nd St NY NY Grand Central Class A Office space for lease 2500-3500 sf

  • Low price
60 E 42nd St, New York, NY 10165, USA

60 E 42nd St  NY NY Grand Central Class A Office space for lease 2500-3500 sf   Long term Sublease […]

  • 2500 - 3500 Sq Ft
  • Low price
  • Office Space
Details

Grand Central

5 months ago

405 Lexington Ave Chrysler Building Class A Office for sublease, Grand Central Station

  • Upon request
405 Lexington Ave, New York, NY 10174, USA

405 Lexington Ave Chrysler Building Class A Office for sublease/lease, Grand Central  Station   High floors – 3,200 – 7,500 […]

  • 3200 - 7,500 Sq Ft
  • Upon request
  • Office Space
Details

Grand Central, Midtown Manhattan

6 months ago
  • Upon request
Vanderbilt Ave. Grand Central, NY, 42nd St, Class A Office space for lease

Vanderbilt Ave. Grand Central, NY, 42nd St, Class A Office space for lease

  • Upon request
Grand Central Terminal, 89 E 42nd St, New York, NY 10017, USA

  2,500 – 5,000 sf,    Hi floor, Vacant, Office space, Move in condition, high end suite featuring reception, glass […]

  • 2500
  • Upon request
  • Office Space
Details

Grand Central

6 months ago

3rd Ave, 40s Class A Office Building, Low price Sublease.

3rd Ave, New York, NY 10017, USA

3rd Ave, 40s Class A Office Building, Low price Sublease. 5,900 sf,    High floor, Possession Arranged,  Office space, 3-7 […]

  • 5900 Sq Ft
  • Office Space
Details

Grand Central

6 months ago
  • Below market
Fifth Ave

Fifth Ave, New York, NY, 40s Class A Office for rent 4,500-11,000 Sq Ft

  • Below market
5th Ave, New York, NY, USA

Fifth Ave, New York, NY, 40s Class A Office for rent 4,500-11,000 sf   4,500 – 11,000 sf,  14th floor, […]

  • 4500 - 11,000 Sq Ft
  • Below market
  • Office Space
Details

5th Avenue, Grand Central

7 months ago
  • Upon request
mad ave 4

E 42 St, New York, NY, Madison Ave, Grand Central office space for lease

  • Upon request
E 42nd St, New York, NY, USA

Hi Floor 2,500 -5,000 sf office space for lease, next to Grand Central Station. Standard office area very well appointed […]

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

Grand Central, Madison Avenue

7 months ago

Midtown East Manhattan Office Space

Midtown East Manhattan Office Space   – In modern times New York City glows with its shiny and high-end buildings. Many large companies choose to take place there. Casual workers need a classic neighborhood with a modern trends. Midtown East is that place and that is for sure. Everyone around the world knows this area from postcards or TV shows. Notable high rises like the Rockefeller Center, Chrysler Building, are loudly nesting in this timeless architecturally neighborhood.

Home of Manhattan’s most prominent office and residential buildings Midtown East is a commodious neighborhood in its heart providing a long list with traditional attractiveness and effortless ingress in the New York office place. Midtown East is located from the Theater District to the west, the region between around 42nd St and 59th St (Central Park), and from the East River, First Ave through Fifth  Avenue as a western boundary of the district.

Midtown East Manhattan Office Space for Lease

Well known as the best corporate area in all neighborhoods in New York City, Midtown East is 24/7 holiday free during the workweek. Class-A buildings have some of the absolute most costly commercial real estates, and Midtown East is a hub of central business, retail stores, and restaurants. Right in the heart of this neighborhood is the Grand Central. Midtown East is a traveling tunnel through which many people are transported every day in and out of New York City. That is part of the reason why the office place for rent and business people of Midtown East are such vital elements.

Of course, office place for lease is a significant need for luxury companies, so there is no other region that is more coveted by businesses than this neighborhood of Manhattan. Some great tenants operate its everyday work in the area such as Wells Fargo at on Madison Avenue, the  Postal Service at on Lexington Avenue, Discovery and Citibank at on Third Avenue, and Merrill Lynch on Lexington Avenue. Currently, many office buildings with office space for rent are under construction near Grand Central Station and will have close to 3 million square feet of commercial space.

Demand and prices for office space for rent in Midtown East Manhattan

The average office asking rents in Midtown East came to  economic decline end peak in nowadays, closing at a personal record of $85 per square foot. Requirement is going to continue to be high even with new developments coming on the market comes at a premium, dictating  over the average per square foot price, Midtown East Manhattan office space will continue to attract high-profile tenants looking for a great office space. The New York City office market keeps  office leasing activity remained energetic and upscale. As an example, Hudson Yards needs the demand for quality office space in Midtown, and the central business is willing to pay a high price to attract great talent.

The average asking rent for Midtown East Manhattan office space is: over $76 per square. The availability rate: dropped down to near 15%.

Midtown East available office space: is around 150 million square feet. 

Transportation in Midtown East Manhattan

Midtown East provides commuters great public transportation choices. Grand Central Terminal provides effortless ingress, services the trains of the MNRR.  At the same time, the East Side subway services station at 42nd  street and also the local stations. Subway service in this is giving a great and easy way to travel as the 4, 5, and 6 lines go under Park Avenue (south of Grand Central Station) and Lexington Avenue (north of Grand Central), stopping at 42nd St. (Grand Central Station) and 59th St.

Lexington Avenue LineApple green"4" train"5" train"6" train"6" express train

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Midtown East Office Space
Midtown East Manhattan Office Space
E 59th St NYC Medical office space for lease UES 4000-8500 sf

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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