Find NYC Office Space for Rent
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. The city 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 new office space in NYC.
NYC Office Lease Data and Trends
Based on industry data from Q4 of 2017, there is more than 400 million square feet of office space in Manhattan alone, and about 15 million square feet under construction. 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. 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.
NYC Office Space for Rent – Popular Neighborhoods
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. The area 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.
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. Chelsea is known as one of the city’s centers for art and culture, and the neighborhood is home to more than 200 galleries. Chelsea is bordered by the Hudson Yards Redevelopment Project to the north, a real estate development featuring 16 skyscrapers and nearly 13 million square feet of office, residential, and retail space. To the south, Chelsea borders the Meatpacking District, a hip, commercial area home to high-end designer clothing retailers, tech startups, and numerous trendy restaurants and clubs. 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. Long Island City 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.
Transportation in NYC
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.