Find NYC Office Space for Lease
New York City is the most populous and densely populated city in the United States, with nearly 9 million residents distributed over 300 square miles. NYC is a global hub for culture, art, media, commerce, finance, advertising, legal services, accounting, insurance, entertainment, transit, international diplomacy, tourism, and technology.
With nearly 24 million people living in the metro area and more than 800 languages spoken, the city is a hub for local and international businesses. If the New York City metro area were its own country, its GDP would rank 12th highest in the world!
With businesses ranging from sole proprietorships to multinational firms, there is more than 500 million square feet of NYC office space to accommodate companies of all sizes and budgets. Feel free to filter our real-time listings by neighborhood and number of employees, and check out the rest of our city guide for everything else you need to know about finding office space in New York.
New York Office Space | Lease Data and Trends
How much does office space in NYC cost?
The average NYC office space costs around $72 per square foot to lease, and units in Class A buildings rent for around $79 per square foot. Based on Q1 2018 commercial real estate data, there is more than 400 million square feet of office space in Manhattan alone, and about 15 million square feet under construction. Nearly half of this new construction is part of the Hudson Yards project.
Between Brooklyn and Long Island City, there is an additional 45+ million square feet of office space, with average lease asking prices slightly more than $40 per square foot.
If you’re looking for premium office space in the heart of NYC, SquareFoot is currently touring nearly a dozen exclusive listings at 530 Seventh Avenue, between 38th and 39th streets. The Class A property offers flexible lease terms, 24/7 secure building access, 22-foot ceilings, and the communal feel of a coworking space with the privacy and professional look of a traditional office lease.
Available spaces in 530 Seventh Avenue range from executive-style suites to offices for teams of 15-20 employees. Contact our brokers today to set up a tour of the space!
Popular Neighborhoods to Rent NYC Office Space
Lower Manhattan: Based around Wall Street at the southern tip of Manhattan, the Financial District’s ecosystem is one of the leading drivers of NYC’s economic engine, from the New York Stock Exchange, Federal Reserve, and NASDAQ to banks, hedge funds, and fintech startups. The Financial District is a popular and affordable location to lease office space. FiDi is also home to the newly near the newly constructed Freedom Tower and Oculus, where workers can access the PATH trains to New Jersey. The Staten Island Ferry conveniently drops off at Battery Park, and commuters can reach Lower Manhattan via the 1, 2, 3, 4, 5, 6, A, C, E, J, Z, R, or W trains.
Flatiron District: Named after the iconic triangular Flatiron Building at the intersection of 23rd Street, Broadway, and Fifth Avenue in Manhattan, the Flatiron District is the birthplace of Silicon Alley, New York City’s technology and startup sector, which has grown by more than 70 percent in the past decade. Office spaces for rent in the area commonly have high ceilings and open floor plans, making them extremely popular among advertising agencies, startups, photographers, and businesses that regularly bring clients to the office. The neighborhood is bordered by Union Square in the south and Madison Square Park in the north. Commuters can take the 1, 2, 6, F, M, R, and W trains, as well the PATH train to New Jersey.
Midtown Manhattan: Midtown stretches across Manhattan from 14th Street in the south up to 59th Street, but some people will refer to it as anything as far north as the 70’s or 80’s. Midtown is the country’s largest central business district, and a massive entertainment, commercial, and media hub. It is home to some of the city’s most iconic landmarks, including the Chrysler Building, Empire State Building, United Nations headquarters, Rockefeller Center, Times Square, Broadway theater, Grand Central Station, 42 Street Library, Bryant Park, Herald Square, The Intrepid, and Madison Square Garden.
Midtown Manhattan is home to major television networks and biotechnology, fashion, insurance, accounting, consulting, and technology firms. A major part of the draw to Midtown is accessibility to public transit. In addition to the MTA network of trains and buses (nearly every train runs through Midtown), Pennsylvania Station, Grand Central, and Port Authority Bus Terminal alone combine to shuttle nearly 2 million commuters each workday! Midtown offices also give employees access to nearly unlimited options for work/life balance, including countless top-rated restaurants, proximity to Broadway musicals, and outdoor space in Central Park and on the Hudson River Greenway and High Line.
SoHo, Hudson Square, and TriBeCa: This part of Midtown South is a hub for NYC culture and business. Numerous high-profile technology, finance, advertising, consulting, and retail firms are based in the area. Employees enjoy easy access by train, bus, PATH, or bicycle, and hundreds of coffee shops, restaurants, and bars to choose from.
Chelsea: Though primarily residential, Chelsea is an easily accessible neighborhood rich in culture and diversity and a fantastic choice for office space. Chelsea is home to tech firms such as Google and Twitter, which have taken advantage of warehouse buildings’ large, open office spaces and high ceilings, and the convenience of being near Chelsea Market, a restored historic factory, for food and retail. The area is known as one of the city’s centers for art and culture, and the neighborhood is home to more than 200 galleries. You can get to Chelsea by taking the 1, 2, 3, A, C, E, or PATH trains.
DUMBO: Short for Down Under the Manhattan Bridge Overpass, DUMBO has exploded to become one of the trendiest mixed-use neighborhoods in New York City. Old warehouses have been converted into office space for ad agencies, tech startups, boutique retailers, high-end restaurants, cafes, and art galleries. DUMBO is also home to Washington Street, an iconic street with an irresistibly photogenic view of the Manhattan Bridge. If you haven’t seen it in a commercial or fashion ad, it’s probably popped up on your Instagram feed. DUMBO is most accessible from the 2, 3, 4, 5, A, C, F, and R trains.
Long Island City: Located in the Southwest corner of Queens, Long Island City (Hunters Point) is conveniently close to both Brooklyn and Manhattan, and a fast-growing hub for office space. Long Island City is home to a wide range of companies and an area with numerous corporate real estate projects underway. The neighborhood can be reached on the G, F, 7, N, R, W, E, and M trains, as well as the Long Island Rail Road.
Garment District: As the name indicates, the Garment District is where many global fashion brands operate showrooms and create designs. Major fashion brands such as Calvin Klein, Liz Claiborne, Nicole Miller, Andrew Marc, and Carolina Herrera have offices in the Garment District. Though the textile manufacturing industry no longer thrives in the area, many of these spaces have been filled by media, advertising, and technology companies. The nearby Hudson Yards redevelopment project is also flooding the area with new Class A office space, and is becoming a very popular destination for hedge funds. The Garment District is popular thanks to its affordable prices, proximity to the Port Authority Bus Terminal, Penn Station, New Jersey Transit, Long Island Rail Road, and Times Square. Commuters are also a short walk or shuttle ride away from Grand Central Terminal.
Not sure about the differences between Class A and Class B office spaces? What about triple net leases and tenant improvement allowance? Check out our Leasopedia and Types of Office Space guide for more about the office space leasing process.
Transportation in New York City
A core advantage of having an office in Manhattan, Brooklyn, or Queens is access to millions of talented employees, thanks to the city’s vast and robust transit system. The web of trains, commuter rails, buses, and ferries cover thousands of miles and allow for millions of people to reach the city from nearby suburbs without driving. Because of all these public transit options alongside a fast-growing network of bicycle lanes and bike-share docks and the highest Walk Score of any US city, NYC is the most energy-efficient city in the country. Employers have the advantage of recruiting from far-away suburbs, local colleges, and residents from just down the block.
The city’s three international airports, JFK, LaGuardia, and Newark, also make life easier for consultants and other workers required to travel.