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Plaza District Office Space

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
635 Madison Avenue New York NY Medical office space for rent UES 2500-5000 sf

635 Madison Ave New York NY Medical office space for rent UES 2500-5000 sf

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

635 Madison Ave New York NY Medical office space for rent 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

2 months ago
  • Upon request
5th Ave, Plaza District NY, 10019 Class A Office space for rent 3,000 sf.

5th Ave, Plaza District NY, 10019 Class A Office space for rent 3,000 sf.

  • Upon request
726 5th Ave, New York, NY 10019, USA

5th Ave, Plaza District NY, 56th Street, Class A Office space for rent 3,000-5000 sf  3,000 – 5,000 sf,   Hi floor, Vacant, […]

  • 3000 Sq Ft
  • Upon request
  • Office Space
Details

5th Avenue, Midtown Manhattan, Plaza District

2 months ago
  • Upon request
Park Ave, 59th St. 10022 NY Class A Office space for lease, Plaza Dst.

Park Ave, 59th St. 10022 NY Class A Office space for lease, Plaza Dst.

  • Upon request
Park Ave & E 59th St, New York, NY 10022, USA

1,500 sf, 3,000 sf,   20th floor,  As Is condition, Office space, Corner suite with eastern and southern views.  windowed […]

  • 1500 sf
  • Upon request
  • Office Space
Details

Park Avenue, Plaza District

2 months ago

Plaza District Office Space

Plaza District Office Space – The Plaza District is named by real estate professionals to denote an expensive area of Midtown from a commercial perspective and located between 42nd Street and 59th Street, somewhere from Third Ave to Seventh Ave, about half a square mile. In the late 1920s, hiddenly was formed a commercial alcove 16th Street between Indiana Avenues and Blackwelder. After ten years at the beginning of the 1930s, Plaza District becomes a famous area in Midtown Manhattan, serving with prestige and top-notch entertainment.

You can expect high prices formed by the most popular business and tourist destinations in the world. If you need cheap office space for lease or rent, Plaza District is not that place. Almost every building is filling with luxury apartments on Billionaires, shopping at Barneys and Bergdorf Goodman, five-star meals in big and cozy restaurants, and expensive full-production new style local winery. Finding the right Plaza District office space is not an easy job, but with some research, a proper building for rent or lease will pop-up in a couple of days in this area.

Plaza District Office Space for lease

The Plaza District is like a fly smells sugar. For example, the inventory  is around 90 million SF and there are about 13 million square feet of Class A and B of available office space for lease. High-profile tenants companies like Apple, IBM, or Bill Gates Microsoft are nesting there, filling lots of office space for rent. Skyscrapers are situated near to popular tourist destinations like the Metropolitan Museum of Art, Times Square, MoMA, Carnegie Hall, Radio City Music Hall, and luxury hotels like the Ritz-Carlton or the Plaza.

The Plaza District led leasing activity in Manhattan for the fifth consecutive quarter in Q1 2019, with 1.6 million square feet of office space already leased. Note that big deals were closing so far in 2019 include Sumitomo’s renewal and the new expansion at 277 Park Avenue. Stunning views of Central Park, the pressure of shopping centres, five-star meals, and entertainment options give the Plaza District five stars for the perfect location.

Demand and prices for office space for rent in Plaza District

Big commercial companies are giving all they can be willing to pay real money to occupy office space because this luxury location offers conveniences and proximity to famous destinations in the New York office space. Many are willing to pay a high price to associate their local business with a coveted Park Avenue or Fifth Avenue address. Over the years, the demand for top-notch,

Class A Midtown Manhattan office space has pushed average office asking building rents in the Plaza District to $96 per square feet.

Class B office space average  asking  rents in the Plaza District  is $74 per square feet.

The amount of space to rent or lease is close to 13 million square feet, the percentage of vacancy is  9.5%, which is a little less the Manhattan average of 10.5%.

Transportation in Plaza District

Being within walking distance to iconic landmarks, shopping centres, dining, and entertainment options, Plaza District gives an array of accessible choices for transportation options. A variety of subway and bus stations served this hot-spot location and giving you an easy way to moving from one point to another. The M1, M2, M5, M7, and M57, and the highly-trafficked 5th Avenue Station is located right at the beginning of Central Park on 59th Street.

Subway:  

Lexington Avenue/59th Street "4" train"5" train"6" train"6" express train"N" train"R" train"W" train
59th Street–Columbus Circle "1" train"A" train"B" train"C" train"D" train

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Plaza District Office Space
Plaza District Office Space fontain
Downtown Manhattan Office Space

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
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