Office Space for Rent NYC

Small Private Office Space NYC | Executive Suites | Shared Offices

We have New York City executive office buildings currently available for occupation at short notice on flexible rental terms without the long-term commitments and overheads of conventional commercial real estate lease agreements. Our perfectly positioned offices are situated in prime NYC business locations in Battery Park City, the Financial District, TriBeCa, Lower East Side, NoHo, SoHo, West Village, Chelsea, Midtown East, Garment District and Gramercy Park. You can rent NYC office space or a virtual office address on world famous streets including Madison Avenue, 5th Avenue, Avenue of the Americas (6th Ave), Broadway and Lexington Avenue. We've got flexible office space available near major attractions including Times Square, Central Park, Battery Park and Grand Central Station.

Each featured listing provides an ideal solution for flexible New York City office space, with these New York offices offering a temporary lease term allowing you to move in right away and increase or reduce the amount of space rented at short notice. This type of flexibility may be ideal for start-ups and companies that are expected to grow fast, as well as for those that are downsizing.

New York Commercial Real Estate: NYC Office Market

With more than 550 million square feet of office space and a total market value of approximately $168bn, New York City has the largest CBD in the United States, dwarfing other prominent city centers such as Los Angeles or Washington DC. Most office space is concentrated in three districts:

• Upper Manhattan: is one of Manhattan's Uptown neighborhoods where office space can be found in Harlem, Upper East Side and Lenox Hill.
• Midtown: which consists of Far West Side, Grand Central, Murray Hill, Park Avenue, Penn Station, Plaza District, Rockefeller Center, Times Square, East Village, Flatiron and Westside.
• Lower Manhattan: which includes downtown East, downtown West, City Hall, TriBeCa, Chelsea, Soho, Noho, Union Square, Hudson Square and Greenwich Village.

Brooklyn is the fourth largest office market in New York City and is characterized by higher availability rates (usually around 20 percent) and a different occupier profile made up by public sector, education, and consumer products firms. In other parts of the city, the sectors driving demand are professional and business services, technology, media, information, and advertising, as well as the FIRE sector (finance, insurance, real estate).

City-wide, Class A space accounts for nearly 60 percent of the total and in general terms demand is on par with supply, although vacancy rates fluctuate and seem to point at a tight market underpinned by strong confidence from both occupiers and investors. Another factor contributing to the dynamism of the local office market is the growing amount of office jobs, which in 2017 reached a record high of more than 1.5 million.

Office rentals in downtown New York, NY average $63 / sq ft / year for all classes, and availability rates are almost back to pre-recession levels at around 11 percent. In Brooklyn, rents are significantly lower and the average is still below $40 / sq ft / year (2017 data). Asking rates are expected to keep soaring in most NYC office space sub-markets, since the average age of a New York City office building is 70 years and tenants increasingly require new and better equipped premises, which come at a higher price.

The most important development currently underway in the city is the Hudson Yards complex, which once complete will be the largest NYC office complex built since the inauguration of Rockefeller Center in the heart of Midtown Manhattan.

Find NYC Furnished Office Space

Most of the office buildings offer executive suites, loft space, temporary offices and small office spaces that are fully furnished and equipped, making setting up a very fast process. Some of these serviced offices can be configured to meet the particular needs of your company.

Select any of the NYC shared office space, executive office suites, temporary office space for rent or office space for lease listed above. Each featured listing for flexible office space in NYC is in an ideal business location. So whatever you're looking for, be it office space in Chelsea, industrial space in the Garment District, a warehouse for rent on Staten Island, a satellite office on Fifth Avenue or Union Square office space we can help.

Grow Your Business: Rent / Lease New York City Office Space

New York City is a global business hub supported by a dynamic economy where every industry sector is represented. As such, New York is a prime business location and more than 1 million firms are already based in the city. New York has been especially successful at attracting large-scale investment into the software, business and consumer products, finance, and media sectors. As a result, the city receives consistently high rankings in the Innovation Index and is well known for fostering a climate of growth for new businesses.

Key Employers in New York City: The largest employers are public sector agencies like the City of New York (which provides more than 150,000 jobs), the Department of Education, the Federal Government, and the Metropolitan Transit Authority, which have more than 50,000 employees each. Other important employers include New York City Health and Hospitals Corporation, North Shore Health System, Verizon, JP Morgan Chase, Walmart, Citigroup, MetLife, Bank of America, Columbia University, New York University, PwC, United Parcel Service, Macy's, and Morgan Stanley.

NYC Labor Market & Employment: In addition to a solid business community, New York City companies benefit from a highly educated workforce, since approximately 36 percent of the workforce has a bachelor's degree, and there is a large amount of business, visual arts, social sciences, education, science, and engineering graduates. Education, healthcare, and leisure are the industry groups adding the highest number of jobs, although admin and office support services are also an important source of employment due to presence of corporates in the city. Employment growth forecasts suggest that by 2022 the information services sector will account for 20 percent of all jobs in the city, and prospects are particularly good for web, software and app development specialists.

Support for NYC Businesses & Startups:

Find Office Space in New York City

Boasting more than 200 move-in ready offices and affordable coworking spaces throughout NYC, we can help you with renting or leasing office space in the locations you see above as well as in Flatiron District, Port Authority, Midtown West, Upper East and more. We have office buildings with currently available spaces on Madison Ave, Broad Street, West 34th Street, 3rd Ave, West 23rd Street, 7th Avenue, 40th Street and the list goes on. Navigate using the map above to find NYC office space in the location you want.

As well as the NYC office space listed above, we have more Manhattan offices for rent. We also provide an extensive selection of executive suites, shared and private office space for rent and office space for lease in excellent business locations throughout the state of New York. Fill out the quick form above or call us now.