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| The New York City Market for Office Space & Commercial Real Estate
Manhattan and the BoroughsThe New York City commercial real estate market is enormous, it accounts for about 15 percent of our nation's total.
The New York office space market is larger than just Manhattan: it includes the boroughs of Queens, Brooklyn, Staten Island and The Bronx. Neighborhoods such as Long Island City in Queens, Downtown Brooklyn and Brooklyn Heights offer top quality NYC office space for rent.
A Variety of Real Estate Incentive ProgramsFor a number of years, The New York City Economic Development Corporation has offered several incentives and tax exemptions to companies who lease office space (or purchase commercial real estate) in boroughs outside of Manhattan. The Relocation and Employment Assistance Program (REAP) provides a substantial tax credit for businesses that relocate from outside New York City, or from Manhattan to above 96th Street or to another borough.
The Lower Manhattan Real Estate Incentive Program (LMREAP) provides a substantial tax credit to out of state companies willing to relocate to Downtown Manhattan (South of Canal Street).
FEATURED NEW YORK CITY OFFICE SPACE Office Space 1,396 SF $5,235.00 Park Avenue South park-avenue-south-two-office-commercial-loft Union Square  Commercial Loft Space 1,163 Square Feet $3,392.00 22nd Street 22nd-Street-Commercial-Loft-Listing Chelsea  Office/Showroom 1,393 SF $3,134 38th Street midtown-garment-district-Class-B-Building-budget-commercial-real-estate Garment/Accessory District  Office space 3,263 SF $13,323 Fifth Avenue featured-listing-one Grand Central Station  Office/Medical 750 SF $2,812 Madison Avenue Grand-Central-4 Grand Central Station  Below Market Sublease 4,700 SF $11,358 West 38th Street Midtown-West-Below-Market-Sublease Garment District  Office Loft 1,000 SF $3,500 Broadway Greenwich-Village-2 Greenwich Village  Office Loft Sublease 2,000 SF $7,166 Fifth Avenue featured-listing-three Gramercy Park  Downtown Office Space 2,000 SF $5,833 Trinity Place featured-listing-six World Trade Center Long Island City: Proximity to Manhattan, Competitive Rents
In 2007 Citigroup, New York's largest private non-health-care-related employer, built the 15-story 2 Court Square in Long Island City, supplementing the adjacent 50-story tower Citigroup built in 1987. Long Island City abounds former factories, many of which have been converted to design studios and showrooms, making the neighborhood a draw for creative industries seeking industrial lofts.
Downtown Brooklyn: Class A Office Space at a Discount
The city's sweeping rezoning of downtown Brooklyn has encouraged taller and denser buildings. Forest City Ratner's MetroTech Center, a vast mixed-use, campus-like development in downtown Brooklyn, has been operating since the 1990s. Its high-rise towers comprise millions of square feet of New York City office space and house such tenants as JPMorgan Chase, National Grid, and Verizon. Competitive rents, incentive programs and a high quality inventory of the office space have drawn a wide range of tenants, including the international B2B publishing company Incisive Media.
Tenant Rep Broker Can Help You Find the Right Commercial Space and Negotiate the Best DealMetro Manhattan Office Space, Inc. represents the interests of businesses seeking to acquire New York City commercial real estate.
Our company has extensive experience assisting business tenants in the following industries: Our listing database contains 98% of all available office, retail, loft, medical and showroom space in New York City. We have longstanding business relationships with the major landlords and managing agents. In the last ten years we have helped hundreds of businesses acquire leased space in New York City.
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