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 41 - 60 of 500 buildings with 1,640 total listings
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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401 Park Ave S, New York, NY 10016
We offer 3 office solutions. A Hot Desk where you can simply plug in to any empty desk in our common areas. A reserved Dedicated Desk in our...
10 office spaces from 11 to 1,076 square feet.
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132 W 31st St, New York, NY 10001
We are pleased to offer a plug-n-play, shared sublease opportunity in a newlybuilt out office. The suite is accessed through a shared reception...
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175 Pearl St, New York, NY 10005
SPACES DUMBO IS YOUR WAY INTO BROOKLYNS INNOVATIVE BUSINESS COMMUNITY. Your business is creative by default when you work at Spaces DUMBO. When...
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14 Penn Plz, New York, NY 10001
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...
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150 Greenwich St, New York, NY 10007
Opened in November 2013, 4 World Trade Center was the first office tower to open on the 16-acre WTC site and the newest addition to the Downtown...
3 office spaces from 9,192 to 44,716 square feet.
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120 Broadway, New York, NY 10271
A National Historic Landmark and New York treasure, 120 Broadway is a premier office destination. Known as The Equitable Building, the property...
10 office spaces and 
2 retail spaces from 2,194 to 57,398 square feet.
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175 Greenwich St, New York, NY 10007
Designed by Pritzker-prize winning architect Richard Rogers and his firm Rogers Stirk Harbor + Partners, 3 World Trade Center will enliven and...
4 office spaces from 13,750 to 113,000 square feet.
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250 Greenwich St, New York, NY 10007
The 52-story, 1.7-million-square-foot 7 World Trade Center is a benchmark of innovative design, safety, and sustainability. 7 WTC has drawn a...
4 office spaces from 11,167 to 40,889 square feet.
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609 Greenwich St, New York, NY 10014
We offer 3 office solutions. A Hot Desk where you can simply plug in to any empty desk in our common areas. A reserved Dedicated Desk in our...
1 office space from 100 to 15,000 square feet.
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750 Lexington Ave, New York, NY 10022
We offer 3 office solutions. A Hot Desk where you can simply plug in to any empty desk in our common areas. A reserved Dedicated Desk in our...
1 office space 100 square feet.
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71 5th Ave, New York, NY 10003
We offer 3 office solutions. A Hot Desk where you can simply plug in to any empty desk in our common areas. A reserved Dedicated Desk in our...
1 office space 100 square feet.
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