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 281 - 300 of 500 buildings with 1,640 total listings
750 3rd Ave, New York, NY 10017
Situated across the street from the new Grand Central Terminal entrance, 750 Third Avenue is a 35-story tower that spans a full block front of...
27 office spaces from 150 to 43,747 square feet.
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555 W 57th St, New York, NY 10019
Located between 10th and 11th Avenues, 555 West 57th Street offers the ideal place for a corporate headquarters with commanding panoramic views...
1 office space 22,375 square feet.
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609 5th Ave, New York, NY 10017
We offer 3 office solutions.Ê A Hot Desk where you can simply plug in to any empty desk in our common areas.Ê A reserved Dedicated Desk in our...
11 office spaces from 5,209 to 15,193 square feet.
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420 Lexington Ave, New York, NY 10017
Located on Lexington Avenue at 43rd Street directly above Grand Central Terminal, 420 Lexington Avenue offers superior quality office space in...
63 office spaces from 150 to 33,849 square feet.
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304 Park Ave S, New York, NY 10010
304 Park Avenue South is a 12-story boutique office building located on the southwest corner of 23rd Street. The building is steps from the beautiful...
1 office space 2,870 square feet.
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185 Broadway, New York, NY 10007
This prime-time retail developmentÊmarks the center of Lower ManhattanÕs most eagerly anticipated, up-and-coming neighborhood. Wrapping the corner...
1 retail space 5,156 square feet.
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215 Park Ave S, New York, NY 10003
Co-broke with SL Green (Gary Rosen - 212-216-1687 and Howard Tenenbaum - 212-216-1685). Rent inclusion, fixed percentage increase' s, furniture...
12 office spaces from 1,145 to 16,612 square feet.
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110 Greene St, New York, NY 10012
The SoHo Building, located at 110 Greene Street, is one of the most artistic office buildings in New York City, offering commercial space for...
16 office spaces from 241 to 9,381 square feet.
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220 E 42nd St, New York, NY 10017
Just a block and a half from Grand Central Terminal, 220 East 42nd Street, also known as the News Building, is a 37-story Art-Deco skyscraper...
11 retail spaces from 1,873 to 22,691 square feet.
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11 Madison Ave, New York, NY 10010
Eleven Madison Avenue is a 30-story office tower situated on a full city block between Park Avenue South and Madison Avenue, and 24th and 25th...
1 office space 82,812 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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