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