77 West 55th Street

New York, New York 10019 38 W 39th St. NY NY 10018

212-581-3003

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Office buildings for sale in Manhattan NYC

  • Upon request
Office Condo for sale

UN Plaza Class A Office Condo for sale in NYC 5,000-55,0000 sq ft

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

UN Plaza Class A Commercial Office Condo for sale in NYC 5000-55000 square feet   Available sizes: 5,000 – 7,500 […]

  • 5000 - 55,000 Sq Ft
  • Upon request
  • Investment Properties, Office Space
Details

United Nations

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

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

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

East 40s Street, New York, NY, Third Avenue, for sale 10,000 sf,   Mixed-Use User, Investor, Developer Building. A 30f […]

  • Investment Properties
Details

Midtown Manhattan

4 years 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

West 50s Street, New York, NY, Between Fifth and Sixth Avenues $7,600,000 13,725 sf, Mixed-Use Building, Live Plus Income Building […]

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

Sixth Avenue

4 years 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 years 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 a little over of have a billion square feet of office building space in the City. There are three business districts in Manhattan – Lower, Mid S., Midtown.  Together they contain around 0.45 billion square feet of office space or about eighty 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 5% in the last couple of years.

Office spaces in structures are ordinarily assembled into one of three class classifications: Class A, B, or C. The measure of Class A office territory presently involves almost 66% of all office space. The World Trade Center improvement has generously expanded the measure of Class A place of business space in Downtown Manhattan. Hudson Yards, situated in the area of tenth and twelfth Ave from West 30th to West 34th St, is the most noteworthy private land development in Manhattan since Rockefeller Center.

Commercial office buildings for sale in Manhattan

Most tenants in present day times are intending to utilize their commercial space to enroll top professionals, which has modified the focal point of current necessities. Expanded travel availability inside Manhattan has made this area less of an issue with commercial tenants presently open to move out of their Manhattan office. New construction in new prime structures and huge new current redesigns are top objections for office occupants.

MANHATTAN FOR SALE RECORDS APPROXIMATELY AROUND 400 PROPERTIES
FOR SALE VOLUME  $1.8 Bill,  FOR SALE SF 3.1 Mill,   FOR SALE PRICE/SF $1.1k,
AVERAGE FOR SALE PRICE $5.8 Mill,  FOR SALE CAP RATE 4.7% ,  VACANCY RATE 15%,
AVERAGE MONTHS ON MARKET 12

 

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 590 buildings, Central Queens 305 buildings, Chelsea 518 buildings, Downtown Brooklyn 210 buildings, Northeast Queens 733, Northwest Queens 456 buildings, South Brooklyn 1114 buildings, South Queens 419 buildings, Staten Island 927 buildings, World Trade Center 45 buildings.

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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Fifth Avenue Office Space
Office buildings for sale in Manhattan
Office buildings for sale in Manhattan

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
  • $60-$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 or sale 1400-2800 square feet

  • 1400 2800 Sq Ft
  • $40 per SF
  • 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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