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 141 - 160 of 500 buildings with 1,640 total listings
3 W 137th St, New York, NY 10037
Located in the Central Harlem neighborhood of Manhattan between 5th Ave & Malcolm X Blvd near the 135th St subway station. Nearest Transit: 2...
1 retail space 750 square feet.
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129 W 20th St, New York, NY 10011
Located steps away from the stunningly finished Chelsea Green Park in the Chelsea neighborhood of Manhattan between 6th Ave & 7th Ave near the...
2 retail spaces from 1,900 to 2,602 square feet.
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2410 Amsterdam Ave, New York, NY 10033
Located right off the George Washington Bridge at the Harlem River Dr entrance/exit in the Washington Heights neighborhood of Manhattan between...
1 office space 8,000 square feet.
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238 E 58th St, New York, NY 10022
Located in the Sutton Place neighborhood of Manhattan between 2nd Ave & 3rd Ave near the Lexington Ave/59th St subway station. Nearest Transit:...
1 retail space 488 square feet.
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418 E 115th St, New York, NY 10029
Located in the East Harlem neighborhood of Manhattan right off of the FDR between 1st Ave & Pleasant Ave near the 116th St subway station. Nearest...
1 office space 1,700 square feet.
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145 Mulberry St, New York, NY 10013
Located in the heart of the Little Itlay neighborhood of Manhattan between Grand St & Hester St near the Canal St subway station. Nearest Transit:...
1 retail space 4,500 square feet.
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150 W 72nd St, New York, NY 10023
Located in the Lincoln Square neighborhood of Manhattan between Amsterdam Ave and Columbus Ave near the 72nd St subway station. Nearest transit:...
1 retail space 650 square feet.
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119 Washington Pl, New York, NY 10014
Located in the West Village neighborhood of Manhattan between Grove St and 6th Ave near the W 4th St subway station. Nearest transit: B, D, F,...
1 office space 500 square feet.
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225 West End Ave, New York, NY 10023
Located in the Lincoln Square neighborhood of Manhattan between W 70th St & W 71st St near the 72nd St subway station Nearest transit: 1, 2,...
1 office space 2,500 square feet.
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654 E 12th St, New York, NY 10009
Located in the Alphabet City neighborhood of Manhattan between Avenue B & Avenue C near the 1st Avenue train station. Nearest Transit: L train...
1 special purpose space 300 square feet.
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668 Lexington Ave, New York, NY 10022
All uses considered, Currently Allen M. Jewelers, High foot and vehicle traffic area, Amazing retail corridor with strong national tenancy, High...
1 retail space 1,100 square feet.
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362 W 125th St, New York, NY 10027
All uses Considered - Retail, Fitness, School, Can be combined with ground floor up to 30,000 SF, Each floor has separate entrance, High foot...
1 office space 11,807 square feet.
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401 W 207th St, New York, NY 10034
New construction space with an impressive 274 feet of wraparound frontage, Highly trafficked area connecting Inwood to The Bronx via the University...
1 office space 35,500 square feet.
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359 2nd Ave, New York, NY 10010
The building has 54 condo units with 90% occupancy, Open to different division plans, Steps away from Gramercy Park & Baruch College, High foot...
4 retail spaces from 600 to 2,700 square feet.
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666 9th Ave, New York, NY 10036
Newly white-boxed, Small backyard outdoor space, High foot traffic area, Excellent visibility in the heart of HellÕs Kitchen
1 retail space 1,200 square feet.
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85 Delancey St, New York, NY 10002
Dense residential neighborhood, Multiple forms of public transit provide high levels of foot traffic, Excellent visibility just off the corner...
1 retail space 1,984 square feet.
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