77 West 55th Street

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

212-581-3003

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Times Square Office Space

319 West 47th St, Times Square, NYC, Retail/Office Space For Rent 320 SF

  • $178 per SF
319 W 47th St, New York, NY 10036, USA

319 West 47th St, Times Square, NYC, Retail/Office Space For Rent 320 SF   319 West 47th St, Times Square, […]

  • 320 Sq Ft
  • $178 per SF
  • Office Space, Retail Space
Details

Time Square

10 months ago
  • Upon Request
Penn Station, Seventh Ave, Fully Furnished Office Space For Rent 7,650 SF

Penn Station, Seventh Ave, Fully Furnished Office Space For Rent 3,100 – 7,650 SF

  • Upon Request
7th Ave, New York, NY, 10018, USA

Penn Station, Seventh Ave, Fully Furnished Office Space For Rent 3,100 – 7,650 SF   Penn Station, Seventh Ave, Fully […]

  • 3100 - 7,650 Sq Ft
  • Upon Request
  • Office Space
Details

Penn Station, Time Square

10 months ago
  • Upon request
Times Square, NYC, Fully Built Office Space For Lease 4,800 - 18,800 SF

Times Square, NYC, Fully Built Office Space For Lease 4,800 – 18,800 SF

  • Upon request
Times Sq, New York, NY 10036, USA

Times Square, NYC, Fully Built Office Space For Lease 4,800 – 18,800 SF   Times Square, NYC, Fully Built Office […]

  • 4800 - 18800 Sq Ft
  • Upon request
  • Office Space
Details

Time Square

10 months ago
  • Upon request
Seventh Avenue, Times Square, Fully Built Office Space For Rent 14,900 SF

Seventh Avenue, Times Square, Fully Built Office Space For Rent 14,900 SF

  • Upon request
7th Avenue, New York, NY 10019, USA

Seventh Avenue, Times Square, Fully Built Office Space For Rent 14,900 SF   Seventh Avenue, Times Square, Fully Built Office […]

  • 14900 Sq Ft
  • Upon request
  • Office Space
Details

Time Square

10 months ago
  • Upon request
Seventh Avenue, Times Square, Fully Built Office Space For Lease 2,050 - 11,200 SF

Seventh Avenue, Times Square, Fully Built Office Space For Lease 2,050 – 11,200 SF

  • Upon request
7th Ave, New York, NY 10019, USA

Seventh Avenue, Times Square, Fully Built Office Space For Lease 2,050 – 11,200 SF   Seventh Avenue, Times Square, Fully […]

  • 2050 - 11200 Sq Ft
  • Upon request
  • Office Space
Details

Time Square

10 months ago
  • Upon request
Fifth Ave, Fully Built Office Space For Rent 5,900 SF

Fifth Ave, Fully Built Office Space For Rent 5,900 SF

  • Upon request
5th Ave, New York, NY 10036, USA

Fifth Ave, Fully Built Office Space For Rent 5,900 SF   Fifth Ave, Fully Built Office Space For Rent 5,900 […]

  • 5900 Sq Ft
  • Upon request
  • Office Space
Details

5th Avenue, Bryant Park, Time Square

10 months ago
  • Upon request
Fifth Avenue, Fully Built Office Space For Rent 1,100 - 9,800 SF

Fifth Avenue, Fully Built Office Space For Rent 1,100 – 9,800 SF

  • Upon request
5th Ave, New York, NY 10036, USA

Fifth Avenue, Fully Built Office Space For Rent 1,100 – 9,800 SF   Fifth Avenue, Fully Built Office Space For […]

  • 1100 - 9800 Sq Ft
  • Upon request
  • Office Space
Details

5th Avenue, Time Square

10 months ago
  • Upon request
Fifth Avenue, Fully Built Office Space For Rent 9,600 SF

Fifth Avenue, Fully Built Office Space For Rent 9,600 SF

  • Upon request
5th Ave, New York, NY 10036, USA

Fifth Avenue, Fully Built Office Space For Rent 9,600 SF   Fifth Avenue, Fully Built Office Space For Rent 9,600 […]

  • 9600 Sq Ft
  • Upon request
  • Office Space
Details

5th Avenue, Time Square

10 months ago
  • Upon request
Eighth Ave, Times Square, Fully Built Office Space For Lease 2,500 - 6,400 SF

Eighth Ave, Times Square, Fully Built Office Space For Lease 2,500 – 6,400 SF

  • Upon request
8th Ave, New York, NY 10019, USA

Eighth Ave, Times Square, Fully Built Office Space For Lease 2,500 – 6,400 SF   Eighth Ave, Times Square, Fully […]

  • 2500 - 6400 Sq Ft
  • Upon request
  • Office Space
Details

Time Square

10 months ago

Times Square Office Space

Times Square Office Space – Another signature place in Manhattan, New York is Times Square, whose history lies deep in the roots of modern history. Once called Longacre Square, the now-iconic square has seen very different levels of its reputation. Barely someone remembers that it was not until the mid-90s, when the place started to be a desirable location. Previously it was facing high rates of crime and violence, until it was decided by then-mayor Rudolph Giuliani that it deserves better. Existing theatres started to be re-developed into modern ones until the place become how many people know it today.

Times Square is now a major attraction due to its concentration of commercial and entertainment shops and a major point of interest for tourists due to its recent fame. In the property business, Times Square designates not only the famous square itself, but a broader area in Midtown Manhattan – bordering on the South  –  W 42nd Street, on the North –  W50th Street, on the East – Sixth Ave., and on the West – Eighth Avenue.

Times Square Office Space for lease

On some days it can be that half a million people pass by the area! You can imagine the attraction potential of the area. Given the high rate of pedestrian traffic, you can expect  Times Square office space to be utilized by many companies in the entertainment sector. Notable investment banks and publishing houses have their presence in the area. Of course, it can be a matter if public prestige to have your offices being in that area. The landscape is characterized by skyscrapers followed by historical buildings, which now house theatres, museums and hotels. How all this is reflected in the market for office spaces for rent or lease?

Demand and prices for office space for rent in Times Square

As we said, Manhattan is attracting a lot of new tenants every year and the demand for retail and office space is continuing to grow year-over-year so you could expect it reflected on the prices. The vacancy rate:  in Times Square office space is a little less from that of the whole Manhattan –20% for the whole Manhattan in Q3 2024 versus 12% to 15% for Times Square (depending on which part you are looking at).
With an inventory of almost 25% of the office space in Midtown, Times Square office space is not to be overlooked.

In 2024 The average market on Times Square asking rent:

$80-90 per square feet for Class A office rent,

and between $40 and $65 for Class B office rent.

We offer excellent deals as a fully built-out and furnished office subleases in the area in class A and B buildings for $35-45 per square foot.

The high end rent costs in Midtown Manhattan:  $90-120 for Class A and $70 per SF for Class B office space, Times Square office space is a decent other option, if your financial plan doesn’t permit you to follow through on premium costs. From the available office space, almost 2/3 can be sublet, so this is a good opportunity for companies, not requiring big office spaces, but rather looking for a convenient location. If your business depends on high bandwidth internet speed, you have to be carefully choosing as not all buildings can offer it due to their age.

We offer excellent deals as a fully built-out and furnished office subleases in the area in class A and B buildings for $35-55 per square foot.

 

Transportation around Times Square

Times Square sits in the hearts of Midtown Manhattan and it is well connected with other parts of the city. Subway lines B, D, E and F can swiftly let you travel whenever you want. Public bus lines are also available – lines M1, M2, M3 and M4 go all along the neighboring 5th Avenue.
You can likewise cycle and stroll by foot on the off chance that you are in the region as there are numerous people on foot walk territories here.

  • on the southeast corner of Seventh Avenue and 42nd Street for "1" train"2" train"3" train"7" train"7" express train​​"N" train"Q" train"R" train"W" train   trains
  • inside north wing of bus terminal at Eighth Avenue between 41st Street and 42nd Street,  "A" train"C" train"E" train  trains
Times Square Office Space
Times Square Office Space 0
Times Square Office Space 2020

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%
nyc.manhattan2

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • 300 - 20,000 Sq Ft
  • $50-$70 per SF
  • Medical Office Space, Office Space
Featured

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

Madison Ave, NY, Medical office space for lease UES 2500-5000 sf

  • Baths: 3
  • 2500 - 5000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

Penn Station, NY, Class A Office space 5,000 -10,000 sq ft. for sublease

  • 5000 - 10,000 Sq Ft
  • Office Space

750 Lexington Ave NYC, Class A Office space for rent 2300-5000 SF in UES

  • 2300 - 5000 Sq Ft
  • Upon request
  • Office Space

405 Lexington Ave Chrysler Building Class A Office for sublease, Grand Central Station

  • 3200 - 7,500 Sq Ft
  • Upon request
  • Office Space

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