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Office buildings for sale in Manhattan NYC

  • Upon request

UN Plaza Class A Office Condo 15000-30000 sf for sale

  • Upon request
United Nations Plaza, New York, NY, USA

    UN Plaza Class A Office Condo 15000-30000 sf for sale The office condominiums at United Nations Plaza offers […]

  • 15000 - 30,000 Sq Ft
  • Upon request
  • Investment Properties
Details

United Nations

3 months ago
  • $7,000,000
Office Space Manhattan NYC

East 40s Street, New York, NY, Third Avenue

  • $7,000,000
4 E 46th St, New York, NY 10017, USA

10,000 sf,   Mixed-Use User, Investor, Developer Building. A 30f wide, four-story, approximately 10,000 SF commercial building. The first two […]

  • Investment Properties
Details

Midtown Manhattan

4 months ago
  • $7,600,000
Downtown Manhattan Office Space

West 50s Street, New York, NY, Between Fifth and Sixth Avenues $7,600,000

  • $7,600,000
257 W 55th St, New York, NY 10019, USA

13,725 sf, Mixed-Use Building, Live Plus Income Building A 25′ wide, seven-story, approximately 13,725 square feet mixed-use building. The building […]

  • 13725 sf
  • $7,600,000
  • Investment Properties
Details

Sixth Avenue

4 months ago
  • $6,900,000
Downtown Manhattan Office Space

Lexington Avenue, New York, NY, Commercial Building for sale

  • $6,900,000
Lexington Ave, New York, NY, USA

12,274 sf,   A 39.58` wide, 5 story, approximately 12,274 sq. ft. commercial building with a manual elevator. Built in […]

  • 12274 sf
  • $6,900,000
  • Investment Properties
Details

Lexington Ave

4 months ago

Office buildings for sale in Manhattan NYC

Office buildings for sale in Manhattan  –  Based on the information given by the New York City Department of Finance, there are 550 million square feet of office building space in the City. There are three business districts in Manhattan ( Midtown South, Midtown, and Downtown). Together they contain 450 million square feet of office space or 82 percent of all areas locally. According to some analytics, there are commercial districts in each of the five boroughs. Manhattan retail spaces for sale are projected to grow near 4.9% in 2019 and 2020. Office spaces in buildings are typically grouped into one of three class categories: Class A, B, or C. The amount of Class A office area now comprises nearly two-thirds of all office space. The World Trade Center development has substantially increased the amount of Class A office building space in Downtown Manhattan. Hudson Yards, located in the region of 10th and 12th avenues from West 30th to West 34th streets, is the most significant private real estate development in Manhattan since Rockefeller Center.

Commercial buildings for sale in Manhattan

Most occupiers in modern times are planning to use their retail space to recruit top talent, which has altered the focus of current needs. Increased transit connectivity within Manhattan has made this location less of an issue with tenants now open to moving outside the hub of Midtown. Areas prime for new developments or significant modern renovations are top destinations for office tenants.

Commercial real estate for sale in NYC

The inventory of the New York City retail real estate market is divided approximately between nine significant areas. Let’s look at the numbers: Bronx 587 buildings with 13250 square feet, Central Queens 301 buildings with 4677 square feet, Chelsea 515 buildings with 44496 square feet, Downtown Brooklyn 206 buildings with 25336 square feet, Northeast Queens 731 buildings with 11704, Northwest Queens 454 buildings with 17093, South Brooklyn 1112 buildings with 18984 square feet, South Queens 417 buildings with 6487 square feet, Staten Island 925 buildings with 6921 square feet, World Trade Center 45 buildings with 36652 square feet. Some new communities are growing up across the region, with development mainly targeting on the borders of Manhattan.

Markets and submarkets in Brooklyn, Queens, and New Jersey have expanded their inventory. The new projects have been met here with outrageous demand and will be maintaining their busy pace shortly. As of the third quarter of 2019, more than 40,000 units are under construction. Development is concentrated in the same areas. This giant performance continued in the last quarter of 2019, with more than 2% growth recorded at the beginning of this year. Prime Group Holdings acquired the 223,000-SF property at 62 I’m. St. in Brooklyn for $100 million (approximately $448/SF) in February 2019. The building was fully occupied by Christazie’s at the time of the sale. This primary warehouse was advertised as a potential redevelopment opportunity. New constructions in the area outline the shift toward more retail space as owners aim to drive the traffic through multi-layered customer experience, knowing that shopping today is mostly online.

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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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