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 101 - 120 of 500 buildings with 1,640 total listings
119 5th Ave, New York, NY 10003
Penthouse Opportunity 8th floor must be leased with 2,145 SF Mezzanine for total of 10,895 rsf Useable private rooftop Multiple skylights Beautifully...
1 office space 8,750 square feet.
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360 Madison Ave, New York, NY 10017
Internal staircase connecting the 12th and 14th floors Dedicated reception area for both floors Recently renovated lobby with English sycamore,...
6 office spaces from 5,700 to 20,937 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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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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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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780 3rd Ave, New York, NY 10017
780 Third Avenue is a distinctive architectural accomplishment, soaring forty-eight stories and 570 feet into the east Midtown Manhattan Skyline....
27 office spaces from 1,508 to 11,593 square feet.
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76 Wooster St, New York, NY 10012
SoHo Entire Building - Retail/Office Spaces Available Whole Building/ Four levels Possible Roof Deck Square Footage: 10,000 gross square feet/8,000...
2 office spaces and 
1 retail space from 5,000 to 10,000 square feet.
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120 E 28th St, New York, NY 10016
TECH START UP DREAM -prime location -tech start up dream -wet pantry -many windows -exposed ceiling -doorman building -steps from Madison Square...
1 office space 1,500 square feet.
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38 E 34th St, New York, NY 10016
Must see office space! You will love our elegant, renovated space in a spectacular, convenient location! Enter your office each day in a friendly,...
2 office spaces from 600 to 1,200 square feet.
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135 W 29th St, New York, NY 10001
Creative Showroom/Office -Beautiful Wood Floors -High Ceiling -Wet Pantry -Great for Fashion Showroom,Tech, P/R, or Advertising -PRIME AREA -Minutes...
1 office space 1,300 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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15 W 28th St, New York, NY 10001
**Great Sublet Deal - 2yr Sublease** NoMad: Near Penn Station, Empire State Building, Great Transportation. Creative open space Huge windows...
1 office space 2,500 square feet.
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628 Broadway, New York, NY 10012
This is an extremely large and fairly priced space! Beautiful space with amazing views, large windows overlooking Broadway, natural light and...
1 office space 11,000 square feet.
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