With over 45 million Square Feet of office space, Midtown Manhattan is the largest commercial real estate district in New York City. It offers a substantial inventory of commercial real estate for rent. Its strategic location and easy access to public transportation makes it a prime location for renting New York office space.

Some of the most affordable office, loft and showroom space for lease in the Manhattan commercial real estate market is in The Garment District. Base rents start as low as $29.00 per square foot for lofts or showroom space in Class C side street properties. The cost of renting New York City office space climbs as one moves North of The Fashion District and Murray Hill.

In the last year alone, we have leased in excess of thirty commercial loft and office spaces in the Midtown area: clothing showrooms, architects loft spaces, attorneys offices, design commercial spaces, marketing offices, web designers and financial groups.

Class B and Class C office buildings dominate the area. They attract creative firms such as advertising agencies, public relations firms and architects seeking to rent commercial lofts or open plan office space. The Flatiron Building and The Starrett Lehigh Building are among the best-known commercial properties in this part of the Manhattan commercial real estate market.

Midtown South offers a large variety of office and loft space for rent. Chelsea offers particularly competitive office space deals, with base rents in Class C loft buildings as low as $32.00 per Rentable Square Foot. As of March 30th, 2008, the overall vacancy rate for all office space in Mid-Town South was 5.3%.

We enjoy strong relationships with key landlords, property managers and commercial real estate leasing agents in the area, and as a result are aware of off market office, loft and retail space as it becomes available.

Lower Manhattan’s commercial real estate market is in transition. Many office buildings have been converted to residential condominiums. Hermes and BMW have recently opened retail stores in Downtown Manhattan.
 

Before 9/11, financial services firms leased most Lower Manhattan office space. Since then, competitive rents and government incentive programs have attracted a variety of office use industries, such as marketing, creative and non-profit companies.

Wall Street, The Insurance District, The World Trade Center, Tribeca and City Hall offer competitive office space for rent. Downtown Manhattan is dominated by Class A and Class B office properties. The The Woolworth Building, The Equitable Building and One Liberty Plaza are among the best-known commercial office buildings.

In addition to affordable rents and first rate public transportation, Lower Manhattan tenants benefit from government incentive programs that reduce the cost of commercial rents and cut energy costs. The Commercial Revitalization Program (CRP), The lower Manhattan Relocation Program (LMREAP) and the Lower Manhattan Energy Program (LMEP) all reduce the cost of leasing Lower Manhattan office or retail space.