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Apr 24, 2024 · The availability rate of office space in Manhattan varies between the districts, but is almost 17 percent on average. This means that roughly 17 percent of total rentable space is available.
- Midtown Manhattan
Commercial real estate cap rates in the U.S. 2012-2023 with...
- Midtown Manhattan
- Benefits of Class A Midtown Manhattan Office Space
- One Vanderbilt
- The Empire State Building
- The Graybar Building
- The General Motors Building
- 50 Hudson Yards
- 30 Rockefeller Plaza
- 3 Times Square
- 3 Columbus Circle
- 441 Ninth Avenue
Opting for a Class A building in Midtown Manhattanmeans surrounding your business with luxurious amenities. Envision welcoming clients and staff in an impressive, professional lobby, complemented by top-notch security and speedy elevators. Furthermore, you’ll relish unmatched benefits, including high-speed connectivity, cutting-edge HVAC systems, f...
At 1.8 million square feet, One Vanderbilt reigns as Midtown Manhattan’s crown jewel and a standout in the Grand Central submarket. Completed in 2020 by SL Green, this 93-story tower, costing a staggering $1.4 billion, boasts a prime location adjacent to Grand Central Terminal. Tenants delight in exceptional amenities, such as an outdoor terrace an...
Undoubtedly an icon on Manhattan’s skyline, The Empire State Buildingproudly rises at 350 Fifth Avenue. This 2.3 million-square-foot landmark, finished in 1931, draws companies seeking prestigious office space. Its historical significance and remarkable features are enticing. Tenants appreciate a 15,000-square-foot fitness center and an exclusive c...
Situated at 420 Lexington Avenue, the 30-story Graybar Buildingprovides top-notch Class A office space near Grand Central Terminal. Owned and managed by SL Green, this 1.2 million-square-foot property experienced a complete renovation in the early 2000s. Tenants benefit from amenities like a messenger center and 32 passenger elevators. Additionally...
Constructed in 1968, the General Motors Building, located at 767 Fifth Ave, features nearly 1.8 million square feet of premium Manhattan office space. This building is positioned in the coveted Plaza Districtbetween Fifth and Madison Avenues. Over time, it has received multiple upgrades, resulting in top-notch amenities. For instance, there is a st...
The 2.9 million-square-foot 50 Hudson Yardsis NYC’s fourth-largest commercial office tower and encompasses an entire city block. This 58-story marvel can accommodate over 500 employees per floor, perfect for growing companies. Of course, tenants will enjoy Hudson River and Vessel views, outdoor terraces, private sky lobbies, porte-cochere, and vale...
Located in the heart of NYC, 30 Rockefeller Plaza, or 30 Rock, is a revered Class A office building spanning 2.5 million square feet. This distinguished structure, completed in 1932, boasts several renowned attractions. Among them are the outdoor skating rink and the ‘Top of the Rock’ observation deck, in addition to hosting studios for SNL and 30 ...
Situated in the bustling heart of Times Square, the Reuters Building at 3 Times Squareis an 860,000-square-foot Class A office tower erected in 2000. The headquarters of Thomson Reuters are housed within this remarkable building, featuring energy-efficient glass, column-free office space, and exceptional ceiling heights. In addition, certain floors...
Nestled in one of Midtown’s most active areas, 3 Columbus Circleis a 26-story tower boasting 625,000 square feet of prime office space. Completed in 1927, this building occupies an entire square block, proudly facing Central Park and the Time Warner Center. After Gensler’s thorough renovation in 2011, tenants can relish in 24/7 access and security,...
Once an industrial warehouse, the 700,000-square-foot Hudson Commons at 441 Ninth Avenue has transformed into a remarkable Class A office tower with an additional 280,000 square feet. The building features floor-to-ceiling windows, 14 terraces, balconies, efficient floor plates, unique mushroom-capped columns, on-site parking, and event space. Rece...
Based on data provided by the New York City Department of Finance, there were 550 million square feet of office space in the City in 2016.1 While there are commercial districts in each of the five boroughs, the three largest business districts in Manhattan (Midtown, Midtown South and Downtown) together contain 450 million
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More than 250,000 businesses are located in the City, and 43 of the companies included in the S&P 500 Index have headquarters located here, the highest number of any city. Companies with a global presence have a significant impact on the City’s economic activity.
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Jan 9, 2023 · Commercial office buildings in New York City are rated as Class A, B, or C according to amenities, location, rents, and market perception.
May 5, 2023 · The group said that the total square footage of office space in Manhattan available for lease — roughly 94 million — has set a record. The vacancy rate of 17.4 percent, however, matched the...
Oct 26, 2023 · The New York City retail market is experiencing a steady decline in available space across most submarkets, with some areas seeing record-low availability since 2013. This trend, coupled with notable long-term deals and high leasing activity, signals confidence in the market despite leasing figures remaining below pre-pandemic levels.
