Manhattan Commercial Featured Properties

Below Market Sublease
4,700 SF
$11,358
West 38th Street
Garment District

Office/Showroom
1,393 SF
$3,134
38th Street
Garment/Accessory District

Office/Creative Space
2,233 SF
$5,001
38th Street
Garment District

Art Gallery Rental
1,088 SF
$4,352
57th Street
5th/Madison Avenue

Art Gallery
800 SF
$8,000
Madison Avenue
Upper East Side

Office space
3,263 SF
$13,323
Fifth Avenue
Grand Central Station

Office Loft
1,000 SF
$3,500
Broadway
Greenwich Village

Office Loft Sublease
2,000 SF
$7,166
Fifth Avenue
Gramercy Park

Office Space
1,218 SF
$4,770
Madison Avenue
Grand Central Station

Downtown Office Space
2,000 SF
$5,833
Trinity Place
World Trade Center

MANHATTAN COMMERCIAL REAL ESTATE

The Manhattan commercial real estate market comprises a wide variety of commercial space including retail, loft, showroom, medical, and office space for rent. This New York City office space is among the most desirable and expensive in the world.

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Commercial real estate in New York serves major banks, financial services companies, public corporations, law firms, accounting firms, insurance companies, creative industries (publishing, advertising, design, architecture), and not-for-profit corporations.

The Manhattan commercial real estate market breaks down into three main districts: Midtown, Midtown South, and Downtown.

Around 1920, Midtown overtook Downtown as Manhattan's "central business district." It retains that title. Such Midtown subdistricts as Times Square and Park Avenue command the highest rents. But other major markets have emerged in recent years, and now more than ever before prime NYC office space may be found throughout Manhattan. There are New York office rentals to satisfy any type or size of company or organization.

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The office space for rent in New York comprises large inventories of Class A, Class B, and Class C properties. The Class A properties are among the finest office space for rent in the world, while Class C properties provide an excellent opportunity to do business in the unmatched marketplace of Manhattan.

The Midtown district includes such subdistricts as: the Penn/Garment district near Pennsylvania Station and the loft buildings of the Garment District in the West 30s; Grand Central, near the magnificent terminal of the Metro North Railroad on East 42nd Street; Fifth/Madison, which includes two of the most fabled thoroughfares in Manhattan; Park Avenue, still the most prestigious corporate address in America; Sixth Avenue/Rockefeller Center, including what remains the largest privately built business complex in America; East Side, including the Third Avenue corridor; and West Side/Times Square, including the newest and most enticing New York office rentals district.

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The Midtown South district includes such subdistricts as: Chelsea, a booming district with the city's hottest arts scene; Murray Hill, the part of Midtown South nearest to Grand Central; Flatiron, where the Internet business boomed in the 1990s; and Park/Madison Square, where bankers in suits rub elbows with designers in T-shirts.

The Downtown district includes such subdistricts as: City Hall/Insurance District, with the highest concentration of government offices and courts; Financial District, home to the New York Stock Exchange and some of the biggest banks; Hudson Square/Tribeca, a red-hot market for creative and arts-related industries; World Trade Center/World Financial Center, which has made a remarkable comeback and continues to be home to some of the biggest financial companies; Noho/Soho, now an established district for creative companies, not-for-profits, and national and international retailers; and Greenwich Village, with some office rentals and a great deal of high-end retailing and other commercial real estate.

Some of the world's best-known companies make their headquarters in Manhattan: Time Warner, Colgate-Palmolive, Time & Life, Condé Nast, Bertelsmann, Random House, Simon & Schuster, McGraw-Hill, Morgan Stanley, AXA, MetLife, New York Life, Credit Suisse First Boston, JPMorgan Chase, Citigroup, American Express, News Corporation, NBC, ABC, CBS, Goldman Sachs, Major League Baseball, the National Football League, Verizon, Ernst & Young, the New York Times, the New York Stock Exchange, Bloomberg, MTV, HBO, Associated Press, PricewaterhouseCoopers, Pfizer, and countless others.

And Manhattan is also home to countless smaller companies, some of which will become the giants of tomorrow, and others of which fill niche roles vital to the city's economy. Such companies may include publishing companies, design and architecture firms, and foundations and not-for-profit organizations.