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New York, NY 10018

212-581-3003

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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

4 months 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

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

18 W 33rd St, Herald Square, NY Office Medical space for lease 1400-2800 square feet

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

18 W 33rd St, Herald Square, NY, 10001 Office, Medical for rent  1400 sf – 2800 square feet      […]

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

Herald Square, Midtown South

4 months ago
  • Upon request
250 W 54th St. 4

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • Upon request
250 W 54th St, New York, NY 10019, USA

250 W 54th St, Columbus Circle, NYC Class B Office space for lease.  Very affordable rent prices ! 7th floor […]

  • 1850 - 3000-10,000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Columbus Circle, Midtown Manhattan

4 months 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

4 months ago
  • Upon request
635 Madison Ave NY, NY Medical office space for lease UES

635 Madison Ave NY, NY Medical office space for lease UES 2500-5000 sf

  • Upon request
635 Madison Ave, New York, NY 10022, USA

635 Madison Ave NY, NY 10022  Medical office space for lease UES 2500-5000 sf 2500-5000 sf  plus,   3-10 years lease […]

  • Baths: 3
  • 2500 - 5000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Madison Avenue, Plaza District, Upper East Side

4 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 categorization. Knowing this real estate categorization can be a great success for future businesses. The determinative is that the categorization  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 top choice 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 office buildings Class A 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.

New York City median rent price for Class A office space: $85 per square foot.  

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

 Class A office space average rent price: $85 per square foot.

Class B office space  average rent price: $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. For the most part, Class B office space is very much kept up and completely practical, with the standard enhancements and scope of offices. Especially in the office rental 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 130 West 42nd Street, 114 W 41st Street, 200 West 41st Street, 110 E 42nd Street, 57 W 57th Street, 1501 Broadway,  580 Fifth Avenue, 130 E 59th Street,  4 Bryant Park, 271 Madison Ave, 425 Madison Ave, 655 Fifth Ave, 489 Fifth Ave, 590 Fifth Ave, 597 Fifth Ave, 693 Fifth Ave, 250 Park Ave, 561 Seventh Ave and 52 Vanderbilt Ave.

NYC Class B office space median rent price: $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. Knowing the differences between these categorization 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.

NYC Class C office space median 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, Herald Square, NY Office Medical space for lease 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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