New York City Office Space for lease
To get a grasp on the office space lease market, have a look to our quick overview for each of the boroughs. Manhattan was and remains the borough, which determines the leasing market for office space. It is a center of financial institutions, government and municipal agencies, international trade companies and many entertainment businesses. Do not expect a high vacancy rate – it hovers around the 12% mark and the demand for big lots of office space remains high as the area remains attractive for tenants ready to pay for location. Predominantly a business area, where permanent residents are situated in specific areas, the choice of Class A and Class B buildings for space lease are plenty.
