As of late 2023, New York Citys commercial real estate market, particularly the office sector, continues to navigate a complex landscape marked by fluctuating vacancy rates and evolving tenant needs. The office vacancy rate has stabilized around 16, reflecting a slight decrease from previous highs, yet it remains elevated compared to prepandemic levels. Recent trends indicate a gradual rebound in leasing activity, driven by companies reevaluating their workspace strategies to accommodate hybrid work models.
Market health indicators such as rental rates have varied significantly by submarket, with areas like Midtown experiencing more resilience compared to Downtown, where vacancy rates are notably higher. Landlords are increasingly offering flexible lease terms and incentives to attract tenants, showcasing a shift toward a tenantcentric approach.
The growth of coworking spaces continues to shape the landscape, catering to a diverse range of tenants from startups to established firms. Coworking facilities not only provide flexibility but also foster collaboration and innovation, making them particularly appealing to small businesses that may require scalable solutions. They serve as a buffer against longterm commitments traditionally associated with conventional office leases.
For small businesses considering office space in New York, it is essential to assess location priorities and budget constraints. Flexibility remains paramount businesses may benefit from coworking arrangements or shorter lease terms to adapt as their needs evolve. Additionally, the emphasis on amenities and creative office layouts can enhance employee satisfaction and productivity, making these factors critical considerations when selecting space in the current environment.
Rofo researches and displays commercial real estate listings from top brokerage firms and landlords in New York, NY making it easier to find available commercial space and compare current asking rental rates. In New York, NY there are currently 1,389 office spaces for lease, 2 warehouse spaces for rent, 265 retail spaces, and 544 shared office spaces (also known as co-working spaces and executive suites) with 99 real estate professionals to help you find the right space for you. Sizes range from 200 square feet up to 35,600 square feet. Filter your search below and get free advice from recommended brokers in New York, NY.
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Showing 1 - 20 of 163 buildings with 2 total listings
3950 Broadway, New York, NY 10032
3950 Broadway is an industrial property for lease in New York, NY. The property currently has 1 industrial space for lease and is marketed by Hunt Commercial Real Estate.
Great flex space available for lease. Contains an over 12,000 SF of warehouse space with 15' clearance in the middle. Space also has 3,000 SF...
1 industrial space 1,500 square feet.
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394 McGuinness Blvd, New York, NY 11222
394 McGuinness Blvd is an industrial property for lease in New York, NY. The property currently has 1 industrial space for lease and is marketed by Kalmon Dolgin Affiliates, Inc..
Kalmon Dolgin Affiliates exclusively presents a prime leasing opportunity of 4,730 square feet of versatile industrial space, situated in the...
1 industrial space 4,700 square feet.
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28 W 44th St, New York, NY 10036
28 W 44th St is for lease in New York, NY.
We offer 3 office solutions.� A Hot Desk where you can simply plug in to any empty desk in our common areas.� A reserved Dedicated Desk in our...
Listings
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805 3rd Ave, New York, NY 10022
805 3rd Ave is for lease in New York, NY.
A 31-story structure with approximately 583,000 rentable square feet, built in 1982.
Listings from 1,925 to 221,400 square feet.
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622 3rd Ave, New York, NY 10017
622 3rd Ave is for lease in New York, NY.
A 39-story structure with approximately 984,585 rentable square feet, built in 1973.
Listings from 11,887 to 53,000 square feet.
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