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 201 - 220 of 500 buildings with 1,640 total listings
80 Maiden Ln, New York, NY 10005
80 Maiden Lane offers the timeless qualities that give any business the tools to succeed: open floorplates, vibrant light and enough space to...
10 office spaces from 1,871 to 24,084 square feet.
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424 Madison Ave, New York, NY 10017
SW Corner of Madison Avenue & 49th St, Premier location anchored by the worldÕs most prominent retailers, One block East of Saks Fifth Avenue,...
1 office space 4,948 square feet.
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90 Maiden Ln, New York, NY 10005
90 Maiden Lane was purchased by the Witkoff Group in April of 2000. In addition, it is the southernmost building in the city with a cast-iron...
1 office space 7,685 square feet.
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96 Spring St, New York, NY 10012
Well-appointed reception area; large pantry; 2 perimeter offices/meeting rooms; 1 phone room; 1 internal conference room; creative space including...
1 office space 7,415 square feet.
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645 Madison Ave, New York, NY 10022
-Space to be delivered demolished landlord to consider a new building installation-Direct Operating Expenses and Taxes
7 office spaces from 5,047 to 11,000 square feet.
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345 Hudson St, New York, NY 10014
The Art Deco inspired at 345 Hudson Street stands at the heart of Hudson Square. The neighboring buildings are home to an eclectic mix of businesses...
7 office spaces from 47,558 to 62,525 square feet.
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3604 Broadway, New York, NY 10031
Neighboring Tenants: The Chipped Cup, The Honey Well, Jackson Hewitt Tax Service, Dunkin Donuts, Baskin Robbins, La Nacional, Harlem Public,...
2 retail spaces from 483 to 625 square feet.
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1370 Broadway, New York, NY 10023
Nicely build space available fully furnished. The entire 12th floor features over 100 workstations, 9 offices, 6 meeting rooms (4+) and 3 conference...
2 office spaces from 6,888 to 16,794 square feet.
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461 5th Ave, New York, NY 10017
Located on Fifth Avenue directly across from the New York Public Library and overlooking Bryant Park, 461 Fifth Avenue offers a truly stunning...
4 office spaces from 6,909 to 11,232 square feet.
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32 Old Slip, New York, NY 10005
Available immediately. High end space built as per the attached plan. Great water views east and south. The common corridor and restrooms on...
2 office spaces from 13,239 to 20,567 square feet.
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95 Morton St, New York, NY 10014
Premises can be divided into two separate suites of 17,730 RSF and 7,491 RSF. Recently built plug-n-play installation with windows on 3 sides....
2 office spaces from 150 to 25,173 square feet.
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440 9th Ave, New York, NY 10001
Completely renovated building with the installation of the new lobby and elevator cabs, as well as advanced fiber-optic connectivity and new...
2 office spaces from 21,938 to 23,968 square feet.
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