As of late 2023, New York Citys commercial real estate market, particularly the office sector, continues to navigate a complex landscape marked by fluctuating vacancy rates and evolving tenant needs. The office vacancy rate has stabilized around 16, reflecting a slight decrease from previous highs, yet it remains elevated compared to prepandemic levels. Recent trends indicate a gradual rebound in leasing activity, driven by companies reevaluating their workspace strategies to accommodate hybrid work models.
Market health indicators such as rental rates have varied significantly by submarket, with areas like Midtown experiencing more resilience compared to Downtown, where vacancy rates are notably higher. Landlords are increasingly offering flexible lease terms and incentives to attract tenants, showcasing a shift toward a tenantcentric approach.
The growth of coworking spaces continues to shape the landscape, catering to a diverse range of tenants from startups to established firms. Coworking facilities not only provide flexibility but also foster collaboration and innovation, making them particularly appealing to small businesses that may require scalable solutions. They serve as a buffer against longterm commitments traditionally associated with conventional office leases.
For small businesses considering office space in New York, it is essential to assess location priorities and budget constraints. Flexibility remains paramount businesses may benefit from coworking arrangements or shorter lease terms to adapt as their needs evolve. Additionally, the emphasis on amenities and creative office layouts can enhance employee satisfaction and productivity, making these factors critical considerations when selecting space in the current environment.
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Showing 1 - 20 of 500 buildings with 1,640 total listings
80 Broad St, New York, NY 10004
80 Broad Street in New York City, also known as the Exchange Building, was built in 1935. The architects who designed the building were Sloan...
11 office spaces and 
3 retail spaces from 11 to 8,559 square feet.
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260 Madison Ave, New York, NY 10016
Furniture Available Mix of office and open area with multiple meeting rooms and conference areas. Complete lobby renovation 3 blocks from Bryant...
11 office spaces from 11 to 1,076 square feet.
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445 Park Ave, New York, NY 10022
Cultivate creativity on Park Avenue Elevate your business in a renowned hub of enterprises. 445 Park Avenue contains the headquarters of many...
11 office spaces from 11 to 1,076 square feet.
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590 Madison Ave, New York, NY 10022
A prestigious base with inspiring views Being welcomed through the stunning three-story lobby of 590 Madison Avenue is enough to get clients...
11 office spaces from 11 to 1,076 square feet.
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14 Wall St, New York, NY 10005
Prime corner unit on Wall Street High end installation with 6 offices, conference room and open areaHigh ceilingsFurniture negotiable
31 office spaces from 11 to 38,363 square feet.
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140 Broadway, New York, NY 10005
Work inspired with spectacular harbor views See business from a broader perspective in the heart of the worldÕs financial capital. At the iconic...
11 office spaces from 11 to 45,463 square feet.
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1501 Broadway, New York, NY 10036
Space will be delivered with 2 conference rooms, 2 break out rooms and a large boardroom. Direct presence off elevators. Will be delivered fully...
11 office spaces from 11 to 7,781 square feet.
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100 Church St, New York, NY 10007
Located at the intersection of Tribeca and the Financial District, 100 Church Street sits within the heart of what is slated to be the new downtown....
15 office spaces from 11 to 66,159 square feet.
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245 Park Ave, New York, NY 10167
Historic Space on Park Avenue Be part of history in a building that transformed Park Avenue. This 1965 skyscraper sits outside the entrance to...
11 office spaces from 11 to 72,758 square feet.
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99 Hudson St, New York, NY 10013
99 Hudson is located in the well known Tribeca neighborhood in Lower Manhattan. Tribeca is the home for many famous residents as well as upscale...
13 office spaces from 11 to 11,721 square feet.
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41 Madison Ave, New York, NY 10010
We have a fully furnished office space available now that will provide significant savings over securing an office on your own. The office has...
11 office spaces from 11 to 1,076 square feet.
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411 Lafayette St, New York, NY 10003
Harness your creativity in this desirable NoHo destination Situated in Downtown Manhattan, 411 Lafayette Street is a pre-war building renovated...
11 office spaces from 11 to 3,600 square feet.
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57 W 57th St, New York, NY 10019
Stylish workspace in the well-connected Garment District Find yourself in the centre of the New York business scene, where this modern workspace...
11 office spaces from 11 to 1,076 square feet.
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136 Madison Ave, New York, NY 10016
Thrive in a creative business community Give personality to your business in the youthful, creative neighbourhood of Murray Hill. Be amongst...
11 office spaces from 11 to 1,076 square feet.
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14 Penn Plaza, New York, NY 10122
Work productively in the beating heart of New York City with office space in 14 Penn Plaza. Impress with a prestigious business address in this...
8 office spaces from 86 to 1,076 square feet.
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1250 Broadway, New York, NY 10001
Contemporary business space in fashionable NoMad The stage is set for your business at 1250 Broadway. This modernist skyscraper is located in...
11 office spaces from 11 to 1,076 square feet.
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