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212-581-3003

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Upper East Side 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
  • Upon request
lexington Ave. NYC, class A Office space for rent 2300-5000 sf UES

lexington Ave. NYC, class A Office space for rent 2300-5000 sf UES

  • Upon request
750 Lexington Ave, New York, NY 10022, USA

2300-5000 sf  Class A Office space for lease. Built space,  move in condition with 6 offices  2 conference rooms, central park views, […]

  • 2500 Sq Ft
  • Upon request
  • Office Space
Details

Lexington Ave, Midtown Manhattan, Upper East Side

2 months 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
Featured
  • Upon request
E 59th St. NYC Medical office space for lease UES 4000-8500 sf

E 59th St. NYC Medical office space for lease UES 4000-8500 sf

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

4000 – 8500 sf  Medical office space for lease. Space can be leased separately with a semi-private entrance from 59th […]

  • 4000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Upper East Side

2 months ago
  • Upon request
Madison Ave, 60s 10065 NY Class A Medical, Office space for lease UES

Madison Ave, 60s 10065 NY Class A Medical, Office space for lease UES

  • Upon request
60 Madison Ave, New York, NY 10010, USA

Madison Ave, 60s 10065 NY Class A Medical, Office space for lease UES 3,500 – 8,500 sf Office or Medical […]

  • 3500 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Madison Avenue, Upper East Side

3 months ago
  • Upon request
Office Space Manhattan NYC

E 69th St, NY, NY, 5th Ave, Office or Medical space for lease

  • Upon request
E 69th St, New York, NY, USA

E 69th St, NY, NY, 5th Ave, Office or Medical space for lease 3,200 sf,    Ground floor, Lease term […]

  • 3200 sf
  • Upon request
  • Medical Office Space, Office Space
Details

Lenox Hill, Upper East Side

4 months ago

Upper East Side Office Space

Upper East Side Office Space  – A neighborhood, which is known mostly because of its residents – Upper East Side – or shortly UES – has a lot to offer.
Its border areas are always debatable, but in general, its borders are East 96th Street in the north, Central Park on the west, East 59th Street on the south and the banks of East River on the east. It consists of two smaller neighborhoods – Yorkville and Lenox Hill. Upper is not only its position on the map of Manhattan but also most of its residents.

It houses the apartments and mansions of the upper class of New York – some of the wealthiest and rich persons in the world. You can surely consider it one of the most expensive areas in New York – full of a high class residential building, designer boutiques, private banks and medical institutions. Madison Avenue – a place for luxury goods and premium brands – is also located here.
It is largely considered a residential area but there are opportunities for office space rent as well.

Upper East Side Office Space for lease

As it houses the wealthiest population of New York, UES offers what is needed by those inhabitants.
Just a short walk and you are in Midtown Manhattan. Several countries have their embassies and/or consulates in UES. Several medical schools have their campuses established in UES. Private schools are easy to find as well. Businesses linked with a university education, healthcare, securities, international relations are likely to find their creative space in UES – close to their clients. Large block office space rents are not common in UES, so you can expect the office space supply to be oriented towards small and medium-sized spaces. How all this is reflected in the market for office spaces for rent or lease?

Demand and prices for Upper East Side office space for rent

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 overall market on Upper East Side asks around $95 per square feet for Class A office rent and around $75 for Class B office rent.       You can count on a 10% vacancy of the 21 million square feet office space available.

While average prices in Midtown Manhattan are $96 for Class A and $74 for Class B office space, Upper East Side is a good alternative, if your office needs are not huge and you need to be close to your customers.
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.

Transportation around Upper East Side

Upper East Side sits in the hearts of Midtown Manhattan and it is well connected with other parts of the city and the suburbs. You might be surprised, but the average number of owned cars per household for UES inhabitants is close to zero. That speaks a lot for the excellent functioning of public transport, excellent pedestrian- and bike-friendly routes and the vicinity of transportation hubs as Grand Central Station. Bus routes running uptown and downtown serve the area, including: M1, M2, M3, M4, M15.  Crosstown buses: M66, M72, M79 M86, M96.

Trains:

 Lexington Avenue Line Apple green "4" train"5" train"6" train"6" express train

 

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Upper East Side Office Space view
Upper East Side 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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