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 261 - 280 of 500 buildings with 1,640 total listings
75 Rockefeller Plz, New York, NY 10111
Newly constructed and furnished block of up to 89,881 RSF in the heart of Rockefeller Center. Tenants will have access to an exclusive and expansive...
4 office spaces from 14,116 to 30,695 square feet.
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499 Park Ave, New York, NY 10022
Plaza District: East 59th Street - 67 Feet. Anchor Tenants: Sherry-Lehman Wine & Spirits, Pottery Barn, Williams Sonoma, Seaman Schepps, James...
6 office spaces from 1,499 to 11,590 square feet.
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612 Albany Ave, New York, NY 11203
Prime retail location on one of Ulster County's busiest thoroughfares. Close proximity to NYS Thruway exit 19 and major retail corridor. Short...
1 retail space 3,000 square feet.
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349 E 109th St, New York, NY 10029
Located in the East Harlem neighborhood of Manhattan between 1st Ave & 2nd Ave near the 110th St subway station. Nearest Transit: 4 & 6 trains...
1 retail space 1,000 square feet.
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196 1st Ave, New York, NY 10009
The subject property is a corner unit of 1900 sq/f and includes 12500 sf/f of sub terrain space. Located in the East village with unbelievable...
1 retail space 1,900 square feet.
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449 W 36th St, New York, NY 10018
Standing on 36th Street, the Property is at the gateway to the vibrant and electric West Side which includes billion-dollar commercial developments...
1 office space
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416 E 115th St, New York, NY 10029
Located in East Harlem, a short walk to the 116 Street transit stop. Public transit: 4 & 6 train at 116 Street. Nearby local tenants include,...
1 retail space 700 square feet.
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324 E 116th St, New York, NY 10029
Located in the East Harlem neighborhood of Manhattan between 2nd Ave and 1st Ave near the 103rd St subway station. Nearest Transit: 4 & 6 trains...
1 retail space 300 square feet.
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1893 Amsterdam Ave, New York, NY 10032
Located in Hamilton Heights, in close proximity to the 155 Street transit stop. Public transits: A & C train at 157 street Nearby local tenants...
1 retail space 1,800 square feet.
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167 Lenox Ave, New York, NY 10026
Located at W 188th St & W 119th St on a major retail block in Harlem near the 116th St train station. Nearby transit: 2 & 3 trains at 116th St...
1 retail space 1,000 square feet.
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449 W 36th St, New York, NY 10018
Standing on 36th Street, the Property is at the gateway to the vibrant and electric West Side which includes billion-dollar commercial developments...
1 office space
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825 8th Ave, New York, NY 10019
825 Eighth Avenue, better known as Worldwide Plaza, is one of New York CityÕs most iconic buildings and a dominant presence on the Manhattan...
28 office spaces from 2,490 to 47,495 square feet.
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885 3rd Ave, New York, NY 10022
One of ManhattanÕs most iconic skyscrapers, 885 Third Avenue Ð better known as ÒThe Lipstick BuildingÓ Ð rises 34 stories from the corner of...
28 office spaces from 2,782 to 28,494 square feet.
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810 7th Ave, New York, NY 10019
810 Seventh Avenue offers exemplary class "A" office space with spectacular Central Park and Hudson River views. The building is centrally situated...
15 office spaces from 5,798 to 22,393 square feet.
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625 Madison Ave, New York, NY 10022
In the heart of ManhattanÕs prestigious Plaza District, just steps from Central Park, 625 Madison Avenue is a sleek 17-floor tower situated between...
17 office spaces from 2,550 to 45,796 square feet.
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711 3rd Ave, New York, NY 10017
711 Third Avenue is situated between 44th and 45th Streets, one block east of Grand Central Terminal. Designed by William Lescaze & Associates,...
2 office spaces from 3,141 to 32,826 square feet.
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