New York City, NY Office Space for Lease or Rent (2024)

Frequently Asked Questions

• Asking prices vary based on the property location, rating, amenities such as proximity to restaurants, cafes, and entertainment venues, as well as convenience of access to public transport, airports, and thoroughfares.

  The average rent for office space in New York City is $59.43 per square foot. The minimum rental rate for office space in New York City is $4.33 per square foot. Among listings of office space currently available for lease in New York City, the maximum rental rate is $330.62 per square foot.

  The most common factor that influences cost of office space in any location is the property class rating. For example, New York City office space rated Class A asks an average of $71.57 per square foot. Class B office space in New York City costs $52.18 per square foot, on average. Listings of office space in Class C buildings asked an average of $52.87 per square foot.

• Most experts recommend an average of between 75 and 150 square feet of office space per person. However, it is important to keep in mind that how much office space you ultimately need depends on your activity and how you need to use the space, as much as it does on how many people it should accommodate. If you already know what size office would best suit your needs, use the available space size filter at the top of the search page to focus your search on the best fit for you.

  You’ll find a home for almost any size of business in New York City, as the local office market offers a wide range of options. Office spaces currently on the market go up to as much as 700,000 square feet in size for an individual listing.
  However, there is a variety of differently sized opportunities below that maximum. For your consideration, the median size of an office space for lease in New York City is 5,521 square feet, and the average office space size here is 14,214 square feet.

• You can find 6,450 office listing(s) for lease in New York City, which add up to a total of 83,282,416 square feet. Availability on the market includes a variety of office use types, such as General Office, Creative Office, Medical Office, Office Building, Street Retail.

  The most common office use type currently available for lease in New York City is General Office, which is offered in 4,339 or 67.55% of listings. The second-most frequent office use type listed here is Creative Office, which account for 201 or 3.13% of office space currently available. On the other end of the spectrum, the office use type least common among local listings is Storage, which is available in 1 listing(s).

• You can search 816 office sublease listing(s) in New York City, which amount to a total of 17,820,783 square feet. Sublease opportunities on the market include General Office, Creative Office, Showroom - Office. The New York City neighborhood or submarket with the most sublease listings available is Midtown Manhattan.

• The best choice of neighborhood for your office space will greatly depend on the elements that are most relevant to your business and your employees. However, a good criterion to start with is to look at the areas of the city that have the highest concentration of office properties, as these areas are generally well connected to transit options and have a good degree of amenity availability.

  In New York City, the greatest concentration of office space for lease opportunities is in Midtown Manhattan, Downtown Manhattan, Northwestern Brooklyn.

• Each individual’s commuting experience will of course be different depending on a number of factors. Check the location description details for the office listings that catch your eye, to get an overview of walkability, access to public transport, the quality of infrastructure dedicated to biking commuters, as well as the proximity to parking facilities, fuel stations, and other essential amenities.

• The New York City office market incorporates a mix of properties of various ages, ratings, construction grades, and other quality indicators. Roughly 43.92% of total office space listings in the city are in properties rated Class A. You will find the highest concentration of Class A office space in the Midtown Manhattan neighborhood of New York City. Class B office space accounts for 35.1% of spaces listed on the leasing market. The neighborhood with the most Class B office space is Midtown Manhattan. Class C office space makes up 5.33% of office space available in New York City.

  Buildings completed in and since the year 2000 account for 10.25% of office properties in the city and incorporate a total of 79,017,471 square feet. About 2.15% of office space in New York City is in buildings that have been renovated at least once since 2000.

  Out of the office space listings currently available in New York City, you can find 1597 LEED-certified or LEED-proposed option(s). Across the city, about 32% of office space is green, which amounts to 473,811,419 square feet. A total of 240 building(s) here earned a LEED-certification — certification levelPlatinum (16), Gold (159), Silver (42). The local market includes 9 LEED-proposed office building(s) awaiting certification in New York City.

• There are, of course, a lot of things to factor in when you are looking for office space. Aspects including the accessibility of the location, the quality of the facility, the size of the space, the convenience of nearby amenities, the type and duration of the lease, and of course the cost are all part of the search and decision process. For a quick checklist of what you should take into account when researching the market, consider these seven tips for choosing the best office location for your business. Alternatively, for a comprehensive take on everything to consider when looking for office space, see our in-depth guide to finding office space for small or growing companies. The guide also includes insights from seasoned professionals and can serve as a helpful resource for growing companies, no matter their current size.

• Are you looking to lease office space in the vicinity of your current location or in a particular neighborhood of New York City? Using the interactive map, you can easily navigate to your preferred location and customize your search area around a specific point of interest. Select “Radius” from the Search Mode options menu, click on the map to set your search reference point, and expand the radius to select your desired search area. Browse available listings to find the best office space that meets your location, as well as other business needs.