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Search Office Space Property: Broker Assisted Search: Get Expert Guidance!
| MANHATTAN OFFICE SPACENew York City is arguably the economic and cultural center of the world. Global businesses, public corporations, financial institutions, not for profit organizations all want to have a presence in New York City. Manhattan is the priciest commercial real estate market in the United States. The next most expensive city is San Francisco. The vast majority of office space in New York City is leased. Companies generally prefer to invest capital in their business operations rather than real estate. As a result, most available space, be it for office, showroom, loft, medical or retail use is available for rent rather than purchase. Commercial condominiums and cooperative space for sale exists, but it is a small fraction of the total market place. Manhattan Featured PropertiesMajor Markets and NeighborhoodsThe Manhattan commercial real estate market is divided into three major markets. Those markets are Midtown, Midtown South and Downtown. The vast majority of New York City office space is located in Manhattan, with some commercial space located in Queens, Brooklyn and the Bronx. Classification of New York City Commercial PropertyNew York City office space is classified as Class A, Class B and Class C buildings. Class A Buildings offer:
Class B buildings are similar to Class A properties with these differences:
Class C buildings:These properties are usually former warehouse or manufacturing buildings that have been converted to office use. The lobbies run the gamut from nice and acceptable to bare bones and functional. Sometimes the lobbies are attended. Class C buildings are the most affordable properties in New York City. |

