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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 […]

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

Grand Central

2 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

2 months ago

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

3rd Ave, New York, NY 10017, USA

5,900 sf,    Hi floor, Possession Arranged,  Office space, 3-7 years term. Modern renovated office suites. Brightly lited with natural light […]

  • 5900 Sq Ft
  • Office Space
Details

Grand Central

3 months ago
  • Below market

Fifth Ave, New York, NY, 40s Class A Office Building 4500-11000 sf

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

4500 – 11,000 sf,    14th floor, Lease term 3-12 yrs, As Is condition, Office space,  Trading floor, 35 work stations, […]

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

5th Avenue, Grand Central

3 months ago
  • Upon request

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

3 months ago
  • Below market
Madison Ave, 40s, Class B Office Building, for lease 3,750 – 5,000 sf 

Madison Ave, 40s, Class B Office Building, for lease 3,750 – 5,000 sf 

  • Below market
Madison Ave, New York, NY 10017

3,750 – 5,000 sf     Hi floor, Vacant,  Office space, Corner suite with eastern and southern views. 7 windowed offices including one […]

  • 3750 - 5000 Sq Ft
  • Below market
  • Office Space
Details

Grand Central, Madison Avenue

3 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 contemporary vibe. Midtown East is that place and that is for sure. Everyone around the world knows this area from postcards or TV shows. Iconic skyscrapers like the Rockefeller Center, Chrysler Building, are loudly nesting in this timeless architecturally neighborhood.

Home of Manhattan’s most prestigious and residential buildings Midtown East is a convenient neighborhood in its center providing a long list with cultural attractions and easy access 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 most expensive 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 has reached a post-recession peak in nowadays, closing at a personal record of $85 per square foot. Demand will remain high even with new supply coming on the market comes at a premium, commanding well above the average, 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 NYC 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 offers to workers excellent public transportation options. Grand Central Terminal is easily accessible, serving the trains of the Metro North Railroad. At the same time, the East Side IRT subway operates stations at 42nd and 59th streets and also the local station at 51st street. 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 Line Apple 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, New York, NY 10001, Office Medical space for lease 1400-2800 square feet

  • 2800 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

11th Ave The Chelsea Piers Sports & Entertainment Complex, Loft – office – retail for lease.

  • 3000 - 10,000 Sq Ft
  • Upon request
  • Commercial Loft Space

Chelsea West 25th Street NY NY Class A Office space for lease

  • 4000 Sq Ft
  • Upon request
  • Gallery Space, Office Space
Featured

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