6 ways to save $$$ on your office space.
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August 25, 2026 | by Michael Monday
Most “office space for rent” searches in New York end at one of two extremes: a coworking desk in an open room, or a five-year lease on a raw floor. A private office — your own lockable space inside a serviced building, on a term measured in months — sits in between, and it’s what most teams of 2–15 actually want. Here’s what it costs right now, from live pricing across 158 currently-priced NYC spaces on our desk.
The citywide median is $666 per person per month, with the middle half of the market falling between $519 and $920. By submarket:
Live listings in New York City right now
Asking prices from operators, updated as inventory changes. See all New York listings →
| Submarket | Median $/person/mo |
|---|---|
| Brooklyn | $500 |
| Bryant Park | $599 |
| Grand Central | $650 |
| Midtown West | $659 |
| SoHo | $700 |
| Midtown East | $725 |
| Financial District | $800 |
| Midtown (Plaza District) | $1,000 |
| Chelsea | $1,106 |
Medians from currently-listed, priced spaces; operator asking prices, not negotiated rates. Updated August 2026.
At the median, a team of four runs about $2,700/month all-in — furniture, internet, cleaning, meeting-room credits, and a front desk included. A team of ten lands near $6,700/month. Compare that against a conventional lease, where the rent is only the start (build-out, furniture, wiring, and a 3–5 year commitment follow), and the premium per square foot starts to look like what it is: a fee for flexibility and zero capex.
Private office pricing moves weekly. Operators discount for term length, floor position, and how long a suite has sat empty — we routinely see 10–20% between the listed rate and what an operator will actually take. Every price above is an asking median; browse the live spaces and ask for exact pricing and a SquareFoot specialist confirms the current number directly with the operator, free.
Looking beyond Manhattan, or leasing for a practice? See office space in Brooklyn, where the median serviced office runs about $500 per person, and our step-by-step guide to office space for healthcare practices in NYC.
Related guides: startup & tech office space in NYC · medical office space in NYC · therapy office space in NYC
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