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What is the difference? Office Buildings Class A, B, C in NYC

Featured
  • $70/per SF
30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • $70/per SF
30 E 60th St, New York, NY 10022, USA

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft
$65-75 psf Office or Medical space for lease 800 -1500 – 2500 – 4500-7800 10,000 sf plus

 We will accommodate any size 800-25,000 sf.

  • 300 - 20,000 Sq Ft
  • $70/per SF
  • Medical Office Space, Office Space
Details

Plaza District, Upper East Side

1 month ago

14 E 55th Street, Plaza District, NY, Medical office space for lease 2,000 + 2,000 sf

  • Negotiable
14 E 55th St, New York, NY 10022, USA

14 E 55th Street, Plaza District, NY  Medical office space for lease  4th floor 2,000 sf, 5th floor 2,000sf  floor, Lease […]

  • 2000 Sq Ft
  • Negotiable
  • Office Space, Showroom Space
Details

Plaza District

1 month ago
  • Upon request
18 W 33rd St, New York, NY 10001, Office Medical space for lease 1400-2800 square feet

18 W 33rd St, New York, NY 10001, Office Medical space for lease 1400-2800 square feet

  • Upon request
18 W 33rd St, New York, NY 10001, USA

18 W 33rd St, New York, NY, 10001 Office for rent  1400 sf – 2800 square feet      1400 -2800 […]

  • 2800 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Midtown South, Murray Hill

1 month ago

2916 Frederick Douglass Blvd, Harlem NY 10039 Office or Medical for lease

  • $36/PSF
2916 Frederick Douglass Blvd, New York, NY 10039, USA

2916 Frederick Douglass Blvd, Harlem NY 10039 Office or Medical space for lease. 2000 sf  3rd floor, $36 psf,  Lease term negotiable.  Recently […]

  • 2000 sf
  • $36/PSF
  • Office Space
Details

Harlem

1 month ago
Featured
  • Upon request
Chelsea West 25th Street NY NY Class A Office space for lease

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

  • Upon request
W 25th St, New York, NY, USA

Chelsea West 25th Street NY NY Class A Office space for lease    Office space for Lease: Entire 12th Floor: […]

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

Chelsea

1 month ago

250 W 34th St. 7th Ave. 1 Penn Plaza. Class A Office space 15,000 sq ft. for sublease

  • Upon request
250 W 34th St, New York, NY 10119, USA

1 Penn Plaza. Class A Office space 15,000 sq ft. for sublease, hi floor.  Plug and play opportunity with 2 large […]

  • 15000 Sq Ft
  • Upon request
  • Office Space
Details

Midtown Manhattan, Penn Station

2 months ago

What is the difference? Office Buildings Class A, B, C in NYC

 Office Buildings Class A, B, C in NYC  –  Have you ever wonder how to choose the best office place for your business? New to the office rental market? People often are confused by the reference to office building classifications. Understanding this real estate classification can be a great success for future businesses. An important note is that the classification system is not a legal standard or a rule. Each region of New York City has different ways of classifying spaces. Office building classification in NYC has three levels:

Class A office space:

Tends to be the cherry top because of the newly constructed and modern renovated buildings. Office space with the letter A classification is nearly always on an avenue in proximity to major transportation hubs and still open for business 24/7 with high standard security systems. Armed with top-of-range fixtures, amenities, and state-of-the-art mechanical systems, an impressive lobby space with architectural flourishing Class A office spaces are expected to be seen in luxury buildings, making them apart from the crowd.

Generally managed by well-known property management firms and located in high-end locations, these trophy spaces are and always will be home to some of the luxury and finest firms in the entire world. Giant skyscrapers are the house of many cities’ best-known finance, law, and media companies. Prime locations and above-average look, rental prices in Class A buildings come at ultra-premium prices. Such regions are 747 Third Avenue, 757 Third Avenue, 767 Third Avenue, 780 Third Avenue, 919 Third Avenue, 280 Park Avenue, 330 Madison Avenue, 340 Madison Avenue, 350 Madison Avenue, 444 Madison Avenue, 550 Madison Avenue and many more. In New York City, the average rent for Class A office space is near $81 per square foot.

What are the rent prices for Office Buildings Class A, B, C in NYC ?

 Class A office space average is near $81 per square foot.

Class B office space will lead to pay average rent near $63 per square foot.

Class C office space average rent price is $56 per square foot. 

Class B office space:

The second place, buildings with this classification meet average standards and maybe a little older with missing some amenities such as shiny lobby space. Generally, Class B office space is well-maintained and fully functional, with the standard amenities and range of facilities. Especially in the office, real estate market tenants will expect high-end office space with excellent options. In New York City, people often rush into Class B buildings in Midtown Manhattan or some peripheral locations such as 24 West 40th Street, 25 West 45th Street, 45 West 45th Street, 315 Madison Avenue, and 501 Fifth Avenue. Class B office space will lead to pay average rent near $63 per square foot.

 Class C office space:   

The third place is for the lowest and cheapest places with classification – basic functional space for competitive prices. Less desirable locations and likely to be older buildings Class C spaces are buildings with the need for significant repairs and lack of some amenities such as elevator access or access during off-peak hours. Understanding the differences between these classifications can lead you to proper business choice. If you’re looking for the best that real estate has to offer, go for Class A buildings. Otherwise, having a lower budget and want functional space to work in, you will go for Class C buildings. Class C office space average rent price is $56 per square foot. 

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Office buildings class A, B, C, in NYC
Office Space for Lease in Manhattan,NYC
Office buildings class A, B, C, in NYC

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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