Midtown Office Space Listings
Office Space For Lease
400 Madison Ave.
6,400 SF
This partial high floor Madison Ave space is fully built out and ready for occupancy. The materials used for the build out are high end: from the full glass doors and walls, all new contemporary lighting, brand new pantry, and new carpeting. This office suite is a corner unit, which gives your company excellent light from both Northern and Eastern views. (a coveted corner office)
Trump Tower Office Space For Lease
725 Fifth Ave.
6,850 SF
This amazing 5th avenue Class-A office space is located near central park at the northeast corner of East 56th street. Expansive views emanate from this 19th-floor gem. The windows are all glass from slab to slab. Perfect for all types of business models. All uses considered. This direct lease office intensive unit can be modified to fit your needs. The current layout consists of five (5) offices, a conference room, pantry, IT closet, terrace, and wet pantry.
Call for Details
Office Space For Lease
400 Park Ave
6,000 SF
This Brand New Prebuilt Office Unit is Available For Lease on Park Avenue.
6,000 Square Feet featuring 8 offices, 1 boardroom, 1 conference room, open area suitable for 6 to 12 people.
Move in tomorrow and enjoy 6,000 square feet of built office space in one of Park Avenue’s finest Class-A office towers, where prestige meets functionality. Join the city’s top investment, communications, marketing & legal corporations that have selected this property as their USA headquarters.
Medical Space Sublet
140 W. 58th St
1,300 SF
This newly available commercial space has come to market offering 1,300 SF. of dedicated medical office space.
This basement level office is situated on 58th Street between Avenue of the Americas and Seventh Avenue within a AAA Class white glove mixed-use building. The space can be configured into 4 to 5 exam rooms and is flexible enough for a myriad of healthcare requirements. It should be noted that today the space is built-out for a dentist and includes a range of medical equipment;
The Rockefeller Townhouses Office Space For Lease
20 W. 55th St.
6600 SF
This newly built commercial unit offers a perfectly efficient column-free office space that can accommodate many professional uses. The current space is configured into a mostly open loft, with one glass office overlooking the front of the building which is paired with an bullpen that can accommodate 42 workstations with the flexiblity to convert some space into multiple private offices depending on the configuration that works best for you. At the opposite end, towards the rear of the office is a pantry / work lounge area that has been constructed with a central aisle and seating, plus room for a couch, table, and lounge chairs. The area of the office space is further benfitted by dedicated, soundproof privacy booths.
Office Space For Sale
244 East 58th Street
7,900 SF
This 7,900 SF office condominium/commercial townhouse for sale is new to market, boasting sophisticated finishes and a gorgeous build-out.
Located between the South side of East 58th Street between 3rd Avenue and 2nd Avenue stands this great turn-key investment opportunity.
The entirety of this commercial property was recently renovated, and it is in pristine condition!!!
Office Space For Lease
510 Madison Ave.
2,760 SF
This 2,760 SF. office space is available for sublease with a generous lease term ranging from 3 to 10 years. The unit has been built to a high standard (as seen in the photos) and enjoys a corner position which is situated at he northeast corner of the 14th floor. With full-length windows and a high enough vantage over the surrounding neighborhood this office not only enjoys ample sunlit exposure but also command unobstructed views of Midtown Manhattan.
Office Space For Sale
210 E. 49th St.
7,000 SF
Available Now! Pre-war. Faux-federal style five-story commercial townhouse on 49th street between Lexington and Third Avenue in Manhattan for sale today.
Office Space Sublet
381 Park Ave. South.
4,340 SF
Take advantage of this FULLY WIRED & FURNISHED SUBLET, ready for your growing business needs! This 4,000 square foot Office Sublease is now Available Immediately For Rent.Loft-style Offices W/ Hi-Exposed Open Ceilings… and Newly Carpeted Floors to keep the noise to a minimum...
Hippodrome Building Office Space For Lease
1120 Sixth Ave.
5,500 SF
Step off the elevator in to the brand new modern common corridor to a double glass door entry. A Warm reception area with polished concrete floors had high finished ceilings and recessed LED lighting welcomes guests and staff to your beautifully appointed office space. A large glass front boardroom with large windows offers your guests a private place to await meetings.
Southmoor House Medical Space For Lease
230 Central Park South
4,200 SF
This extremely bright 4,200 square foot gem is across the street from Central Park. It is a great professional space for all office uses. Enter through a set of double red oak doors into this sprawling duplex office. There are four (4) private offices in total located on the second floor. Each of the private offices are large enough to acommodate a large desk and 2 to 3 chairs for guests. Each of these offices also features large windows allowing for an abundance of natural light throughout your work day. The ground floor can be used as a waiting area or reception.
Midtown Office Space Sublet
777 Third Ave.
8,300 SF
Now Offering a Hi-Floor Sublease W/ a USABLE TERRACE & Partial Views of the East River at 777 Third Avenue. Built in 1963, this 628,200 Square Foot Class-A Office Tower stands 38 stories, with incredible windows & views overlooking the East River. If the time has come to search the Midtown NYC office market for your new place of business, secure this beautiful 6-year sublease that is completely move-in ready while it’s still available! Very few spaces actually have the image and build-out that sends a message of success to new clients & new employees.
Fuller Building Medical Space For Lease
595 Madison Ave.
2,510 SF
Unique opportunity for dentists on Madison Avenue and 57th Street. Prime Manhattan Realty is please to introduce a fully built and equipped move-in condition Dental office for Sublease with great New York City views from 25th floor at Iconic, Art Deco building, The Fuller Building located at 595 Madison Avenue and 57th Street.
Commercial Loft Office Space
Midtown Office Loft near Penn Station
4,000 SF
The space offers a small reception area with a waiting room for guests and clients. The office offers an efficient layout with large windows to fill the office with natural light for a bright and open workspace. The space contains 1 standard perimeter office, 2 small perimeter offices, a conference room, and an open bullpen with seating for 25 people. There is also a copy room, data closet, and a pantry. There are 2 private restrooms located within the office space.
Available Sizes: 4,000 SF
Commercial Loft Office Space
Midtown Office Loft on Broadway
8,000 SF
This listing is 8,000SF loft office on the 15th floor in Midtown and is available for immediate lease. The office space is located in the building formerly known as Lefcourt Normandie Building. The building has a beautiful stone facade with large windows boasting the neoclassic design. The prime Midtown location offers great amenities and numerous dining options.
Available Sizes: 8,000 SF
Commercial Loft Office Space
Midtown East Loft Offices in Manhattan
4,500 SF
This listing is a 4,500 SF office space on the 28th floor situated in Midtown East is available for immediate lease. This 28th Floor office with large windows offers stunningly gorgeous views of Midtown. Work with the city as your backdrop in 2 Standard perimeter offices and 2 conference rooms. Beautiful glass enclosed offices allow the natural light to flood the space making for a bright and open workspace.
Available Sizes: 4,500 SF
Commercial Loft Office Space
Midtown East Loft Offices in Manhattan
4,500 SF
This listing is a 4,500 SF office space on the 28th floor situated in Midtown East is available for immediate lease. This 28th Floor office with large windows offers stunningly gorgeous views of Midtown. Work with the city as your backdrop in 2 Standard perimeter offices and 2 conference rooms. Beautiful glass enclosed offices allow the natural light to flood the space making for a bright and open workspace.
Available Sizes: 4,500 SF
Midtown Manhattan EAST
Plaza District
2,761 SF
Immaculate move in ready office space for sublet at prime Madison Avenue address, fully wired. Class AAA glass tower office building in heart of Manhattan's Plaza District. This state of the art office building has all the modern amenities you need to make your office feel like home. Access your corporate suite Twenty-four a day, seven days a week (24/7). Modern lobby with attended Security Desk that is manned by a full-time security staff 365 days a year.
Available Sizes: 2,761 SF
Grand Central Office Space
9 East 40th Street
Call for details
Office suite available in professional building in the heart of midtown Manhattan. Suite is on the top floor (16th floor) and has four available offices, which may be leased as a whole or separately. Shared Copy and fax machines available as well as spacious conference room, reception area, coffee room and access to many amenities. Building has attended lobby with 24/7 access.
Available Sizes: CALL FOR DETAILS
Grand Central Office Space
Park Avenue & 40th Street
10,000 SFDivisibleNegotiable
Move your business to this spacious commercial space on 40th Street and Park Avenue. This New York office space is in the heart of the popular Grand Central area and is ready for your business immediately. The space is pre-built with both offices and open-space and is located on the 27th floor.
Available Sizes: 10,000 SF / 7,500 SF / 5,000 SF / 2,500 SF
Park Avenue Commercial Condo
10 Park Avenue, Murray Hill
1,250 SF
This front facing 2nd floor space offers a direct view of Park Avenue from large multi-pane iron windows in a prestige 28 story Residential Coop Property. This corner office space is situated at the corner of Park and 34th Street. The space gets very good light and is built with a clean layout, a spacious workarea, pantry, and bathroom with Shower/Tub.
Available Sizes: 1,250 SF
Grand Central Office Space
11 East 44th Street
3,350 SFNegotiable
This office space is an amazing opportunity for a law firm. This commercial office space is located in one of the most desired areas for businesses in Manhattan. Steps from Grand Central Station, this is the perfect address for a law firm. This space provides an opportunity for your company to convey a distinguished image.
Available Sizes: 3,350 SF
Grand Central Office Space
East 42nd
4,000 SFNegotiable
This commercial office space is a great midtown space. This enjoyable space includes a conference room and 7 offices. The furniture is all included. Cubicles are also available in the middle of the space. The layout could easily be modified whether you need individuals or groups’cubicles. The space is immediately available.
Available Sizes: 4,000 SF
Grand Central Office Space
3rd Ave & 42nd Street
8,500 SFDivisibleNegotiable
This impressive Grand Central office space is one of a kind. Floor to Ceiling windows provide stunning views of New York City and Times Square while providing natural light. The office was recently built and designed to maximize space and offer an ideal working environment. A spacious conference room will impressive your guests as they absorb the views.
Available Sizes: 8,500 SF / 5,500 SF / 3,800 SF/ 1,750 SF
Grand Central Office Space
41st Street & Madison Avenue - 6th Floor
6,200 SFDivisibleNegotiable
This is one of the most prestigious office spaces we have. Located on a major avenue, Madison Avenue, two blocks away from Grand Central, one block adjacent to Fifth Avenue Library & Bryant Park, this is the DREAM location for every business in Manhattan. Transportation is very convenient, the building is near major subway and bus lines.
Available Sizes: 6,200 SF / 3,200 SF / 3,000 SF
Grand Central Office Space
42nd & Lexington
6,000 SFDivisibleNegotiable
There are plentiful windows that let in tons of natural light. There are multiple pre-built offices with pantry and private bathroom. The layout is common to most law firms or corporate office setups. This office is a sublease, and the current tenant is willing to negotiate furniture as well as electronic equipment.
Available Sizes: 6,000 SF / 3,950 SF / 3,100 SF / 1,850 SF
Grand Central Office Space
42nd Street & Park Avenue
6,900 SFDivisibleNegotiable
This commercial space is in excellent condition. It is fully furnished, phones and high speed internet are already installed. You could move in immediately!! The space is pretty spacious, 6,900 sf and has got perimeter offices. There are exceptional views towards Grand Central Station. This is an impressive and beautiful area.
Available Sizes: 6,900 SF
Grand Central Office Space
42nd Street - Grand Central
9,500 SFDivisibleNegotiable
This is a selection of offices at the same address. This is a choice of the most prestigious offices in Manhattan's best location, Grand Central! The address is very important for a company's image, having your business in the Grand Central area is an incredible asset.
Available Sizes: 9,500 SF / 6,500 SF / 4,750 SF / 2,500 SF
Grand Central Office Space
West 45th Street
2,000 SFDivisibleNegotiable
Newly built office space is available in a renovated law Firm Building. This commercial space is located blocks away from Historic Bryant Park, Times Square and Rockefeller Center. The impressive office space has beautiful wood floors, giant open windows with views of Bryant Park, private restrooms, and a shared dinning quarter with new appliances.
Available Sizes: 2,000 SF / 1,200 SF
Grand Central Office Space
45th Street
2,450 SFNegotiable
This is a property for sale in the mid 40s on 6th Avenue. With its great Grand Central location and proximity to 5th Avenue, this professional building is in a prime location for any type of growing business. It would be perfect for a Medical Office space based on its size and location as well. At 2,450 sq ft, this office would be great for a growing medical practice, and the current owner is willing to negotiate on the price!
Available Sizes: 2,450 SF
Grand Central Office Space
501 Madison Avenue at 52nd St
2,500 SFDivsibleNegotiable
Move your business to an ideal location, move to Grand Central and be among the most reputable companies of New York City. This sublet is extraordinary; in addition to its perfect location, this is a perfect space. Indeed, this is a beautiful BRAND NEW built office that combines sophistication and modernity.
Available Sizes: 2,500 SF / 2,000 SF / 1,500 SF
Grand Central Office Space
East 42nd Street
6,500 SFDivisbleNegotiable
This is a great office in an absolutely prime location! Located between Park Avenue and Madison Avenue right next to Grand Central Station on 42nd Street, this office available for lease is of the utmost highest prestige. The office is fully furnished with high end fixtures and furniture as well as state of the art telephones and is high speed internet ready.
Available Sizes: 6,500 SF / 4,855 SF / 3,300 SF / 2,200 SF
Grand Central Office Space
5th Avenue & 44th St.
7,500 SFDivisibleNegotiable
Located on 5th Avenue and 44th street, this Manhattan office is in the popular Grand Central area. The Grand Central area is perfect for any business due to its great location near amazing public transportation as well as being in the center of the Midtown business district. There are 7,500 sq ft available and this can be broken down to as little as 2,200 sq ft if needed.
Available Sizes: 7,500 SF / 5,100 SF / 3,700 SF / 2,200 SF
Grand Central Office Space
46th Street & 5th Avenue
4,00 SFDivisibleNegotiable
This stunning New York City office space is located in the heart of Manhattan located around Grand Central station. This office's location provides an entertaining work environment and easy associability by public transportation. The office is located in a newly renovated space with glass and modern architecture.
Available Sizes: 4,000 SF
Grand Central Office Space
Madison Ave & 44th Street
6,500 SFDivisibleNegotiable
This 6,500 sq. ft. office space has a perimeter office layout with many windows. This office would be great for a law, accounting, or insurance firm. This office comes pre-built with 14 windowed offices, 3 interior offices, secretarial support areas, a board room, and a pantry.
Available Sizes: 6,500 SF
Grand Central Office Space
Great Park Avenue Deal
5,600 SFDivisible
This commercial real estate property consists of 10 windowed offices and 3 corner offices. Each office is prewired for telephone and data services. This office space also hosts renovated private restrooms, a kitchen area, and a spacious kitchen. This office provides all the essentials for you and your staff, and is an ideal work environment.
Available Sizes: 5,600 SF / 4,000 SF / 3,000 SF / 2,000 SF
Grand Central Office Space
Madison Avenue & West 45th Street, 15th Floor
1,2500 SFDivisibleNegotiable
The space available is located on the 15th floor and has a beautiful view through its many windows! In the center of the western side of midtown Manhattan, this office space can be rented as a whole 12,500 sq ft floor or broken down to as little as 2,000 sq ft. This space is perfect for those looking for the prominence of midtown Manhattan at an affordable price because of the current markets!
Available Sizes: 12,500 SF / 8,500 SF / 5,000 SF / 2,750 SF
Grand Central Office Space
Madison between 46th & 47th Streets
5,055 SFDivisibleNegotiable
Short term class A office sublet with a midtown location! The follwoing office is perfect for a growing law firm or hedge fund looking for a short lease term. This office is truely turn-key ready with furniture and phones available, 10 offices, 2 conference rooms, pantry area, and more!
Available Sizes: 5,055 SF
Grand Central Office Space
Madison & 48th Street
10,000 SFDivisibleNegotiable
This Top Class AAA office space is located on the 15th Floor at 48th Street and Madison Avenue in the historic Grand Central neighborhood. This office space is in ideal move-in condition and is prewired for any data or telephone use. Newly renovated bathroom is equipped with Kohler faucets and free standing sink + more...
Available Sizes: 10,000 SF / 7,000 SF / 5,000 SF / 2,500 SF
Midtown Office Space
Madison Avenue & 48th Street, 12th Floor
10,500 SFDivisibleNegotiable
Newly renovated bathroom is equipped with Kohler faucets and free standing sink. The rich wood floors and the large open windows provide the essential work environment. Impressive corporate board room, furniture and telephone /data equipment are available below market value. The open floor plan can accommodate any business. This office space is in ideal move-in condition
Available Sizes: 10,000 SF / 7,000 SF / 5,000 SF / 2,500 SF
East Midtown Office Space
551 Madison Avenue
3,428 SF
This move-in ready Class-A Sublet on Madison Avenue in the upscale Midtown East Office District comes fully furnished & completely wired for telephone and computers. Madison Avenue & 55th Street is one block east of Manhattan’s Fifth Avenue luxury shopping area, and two blocks south of the world famous shops of 57th Street. The finishes in this sublet include the latest modern basket lighting fixtures, smooth finish ceiling tiles, floor-to-ceiling perimeter windows in and glass panels on all six private offices; turn-key office space that will save you both time & money.
Available Sizes: 3,428 SF
East Midtown Office Space
Madison Avenue
4,500 SFDivisibleNegotiable
This space consists of an entire floor! It has big newly renovated windows that offer a good light to the space and great views on Madison Avenue. It is in perfect condition, a company could move-in immediately. This office space includes many perimeter offices and open layout. There are pantries and new bathrooms as well.
Available Sizes: 4,500 SF / 3,600 SF / 2,750 SF / 2,200 SF
East Midtown Office Space
Madison Avenue - 12th Floor
400 SFDivisibleNegotiable
This office has large open windows providing striking views of St Patrick's Cathedral. The office provides use of a newly renovated conference and copy rooms pre-wired with T-1 and voice data lines. In addition the office has a renovated private bathroom and kitchen amenities. The office is in ideal move-in condition. Pre-wired phone/data lines and central AC provides no move in extra costs.
Available Sizes: 400 SF
East Midtown Office Space
Madison Avenue
600 SFDivisibleNegotiable
Located in a nice and distinguished location on Madison Avenue, these commercial spaces are BRAND NEW shared office sublets. A business could immediately move in without having to worry about any work. Both spaces include for $500, 9 x 9 ft open area that could suit a small administration area. The space is fully furnished and phones and furniture are included.
Available Sizes: 600 SF
East Midtown Office Space
Madison Avenue
6,000 SFDivisibleNegotiable
Tenant wishes to sublease an approximate 6000 ft. portion of their space. Above Standard Installation w/2 Conference rooms + Law Library. Perfect Madison Avenue address for Law or Accounting firm, with 8 Perimeter offices, 4-5 Secretarial Stations - This Office is Move In Ready!
Available Sizes: 6,000 SF / 2,650 SF / 1,900 SF
Midtown South Sublet Office
34th Street
350 SF
This listing is for shared offices from a Law Firm in a sublet space within the Empire State Building. The space would be ideally suited for an Accountant, Law Firm, or an Executive Professional. The available space offered consists of two glass enclosed Private Offices and a open Workstation...
Available Sizes: 350 SF
View PDF Flyer + Floor Plans
email Jonathan for more details
Plaza District Sublet Office
Lexington Avenue
7,316 SF
The following 7316 SF. listing is for a subleased office space on Lexington Avenue. This office takes up part of the 17th Floor of a Class A Building occupying the corner space within the property that is accentuated by glass windows along the length of the office.
Available Sizes: 7,316 SF
View PDF Flyer + Floor Plans
email Jonathan for more details
Midtown Office Space
5th Avenue & 50th Street
12,500 SFDivisibleNegotiable
This midtown east office is located at famous 5th Avenue and 50th Street. This great sublet has amazing views of Rockefeller Center from the 15th floor. It comes pre-built with new furniture and state of the art phones and wiring throughout. There are pre-built offices, conferences rooms, open space, and even a private bathroom and pantry.
Available Sizes: 12,500 SF / 8,500 SF / 5,500 SF / 2,500 SF
East Midtown Office Space
54th Street & Madison Avenue
6,950 SFDivisibleNegotiable
Recently built, this building was designed to capture the stunning Manhattan views. The office has sub rooms that face both 55th Street and Madison Avenue. The sights from the 31st floor are breathtaking. The office has recently been renovated with new lighting, and a private restroom. The design of this location will be both appealing to yourself and your staff.
Available Sizes: 6,950 SF / 3,950 SF / 2,650 SF
Midtown Office Space
5th Avenue & 56th Street
4,500 SFDivisibleNegotiable
This penthouse office includes a 3,500 full renovated office complete with surrounding outdoor patio with garden and built in couches. The terrace overlooks all of 5th avenue and is a truly spectacular sight. The office is fully furnished with state of the office equipment and furnishings.
Available Sizes: 4,500 SF / 4,000 SF / 3,500 SF / 2,400 SF
Midtown Office Space
5th Avenue & 57th Street
9,900 SF
Ready to move in sublet with 9 windowed offices, 18 workstations, pantry, and a conference room. High ceilings, wood floors, and video intercom. Furniture available. OPEN layout has a full kitchen, 1.5 baths, and flexible living area. The loft is wired for high-speed internet access and was recently up graded with new windows, new electric, and new HVAC unit.
Available Sizes: 9,900 SF
Plaza District
Park Avenue & 56th Street
7,000 SF
Top of the line office space with a prestigious Park Avenue address. This unit has direct access off the elevators and takes over a full in a boutique Class A office building that has recently completed major capital improvements throughout the building. This space will leave a lasting impression your clients and inspire your employees.
Available Sizes: 7,000 SF
Midtown Office Space
57th Street, Between Madison & 5th Avenue
6,500 SFDivisibleNegotiable
The location is prestigious since the office is in one of the most dynamic areas of New York City. It is surrounded by shops, restaurants and other major companies. The office occupies an entire floor; the high ceilings make the space look even bigger. The space is well lit by abundant windows. The space comes with hardwood floors which were just installed 6 months ago.
Available Sizes: 6,500 SF / 3,500 SF / 1,700 SF / 1,300 SF
Midtown Office Space
Rockefeller Center - 16th Floor
3,692 SF
Perfect office for Law, CPA, Financial, or other Professional Use. Has 24/7 access in a secure, beautifully renovated and attended lobby, with passenger and freight elevators. Newly renovated hallways and bathrooms.Space includes 5 windowed offices, 1 Conference Room, open bullpen for 10, and an updated modern Pantry.
Available Sizes: 3,692 SF
Plaza District / Rockefeller Center - MIDTOWN
Fifth Avenue 31st Floor
3,368 SFDivisible
New to the market; this commercial sublet is now available for rent in Midtown Manhattan's west of Park Avenue between 55th and 56th Streets. On our walkthrough we found the space contained the following speficis; six private windowed offices, a conference room with windows on two sides, and a pantry give you all thats needed to startup and go! This is a true turn key space able to accomodate you with furniture and phones all of which is wired for voice and data.
Available Sizes: 3,368 SF
Midtown Office Space
Madison Avenue
1,700 SFDivisibleNegotiable
This office space of 1,700 sq. ft. is in mint condition and has a fantastic location on 61st and Madison. Furniture and phones are available for use. The office comes prebuilt with a conference room or large office and an open area with 9 built in work stations. This space includes recently renovated bathrooms and a private pantry/kitchen.
Available Sizes: 1,700 SF
Plaza District Offices
Madison Avenue 20th Floor
2,650 SFDivisibleNegotiable
Full high glass offices and conference room now available in the Plaza District. This sublet office is part of the 20th floor - offered ample light and great views of Manhattan. This building enjoys newly renovated elevators and a 24 hour attended lobby, offering said tenant a safe professional entry to their business.
Available Sizes: 2,650 SF
Midtown Office Space
Madison Avenue & 62nd Street
9,000 SFDivisibleNegotiable
This new construction office space of 9,000 sq. ft. (which can be subdivided into smaller spaces) is in nearly perfect condition and has a fantastic location on 62nd St. and Madison Avenue. The office comes prebuilt with a conference room, 1 large corner office, 8 smaller offices and an open work area.
Available Sizes: 9,000 SF / 6,750 SF / 4,150 SF / 2,100 SF
About Office Space in Midtown
The largest business district in New York (Midtown Manhattan) near Broadway and Times Square, this area offers ample commercial real estate in the form of private office properties which provide for companies searching for a professional environment in which to run their businesses in.
Arguably, there has never been a better time to have an office in Midtown Manhattan. The market has been in the midst of a heady environment marked by rising vacancy rates, rapidly rising rental rates, spiking sales prices, and limited new construction. These Nirvana-like conditions have resulted in sales transactions for Class-A buildings. This phenomenon reflects the intense demand for Midtown office buildings (particularly from financial services and law firms) combined with the prospects for impressive growth over the next several years. The bidding activity on any high-quality Midtown building hitting the market remains highly competitive.
With new future supply, and the difficulty and expense of building new office buildings in Midtown has kept a lid on new supply, escalating rents certainly make development economics more feasible, albeit still very difficult to execute. The City’s push for new development in the Penn Station sub-market makes it nearly certain that several million s.f. will ultimately be constructed.
Redevelopments of older Midtown structures, such as the Verizon building, also represent a source of competitive supply. That said, it is hard to envision a scenario by which excessive new construction in Midtown kills the golden goose this time around.
For further information about specific spaces and buildings in the area, call Prime Manhattan Realty at (212) 268-8043. We will find the perfect space for your needs at no cost! We will help to negotiate you an ideal lease agreement that will save you money and time.
