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Questions?
Any questions about retail or office space? Call (212) 889-2330 or email us.  To get complete listings within 2 hours, go to: Space Survey, Retail & Medical or Non Profit Space.

The tables below summarize the range of rents and number of new office spaces 1500-5000rsf in Midtown, including (on the east side) Grand Central, Plaza, Murray Hill, and UN Plaza districts, and (on the west side) Columbus Circle,  Times Square, and Penn Plaza-Garment districts.

Columbus Circle

 

 

DIRECT SPACES

 

 

SUBLET SPACES

 

TOTAL

# Spaces

Min

Avg

Max

# Spaces

Min

Avg

Max

Avg

Off/Med

 

 

 

 

 

 

 

 

 

Plus Electric

7

$38.50

$40.31

$42.00

0

-

-

-

$40.31

Off/Ret

 

 

 

 

 

 

 

 

 

Negotiable

1

-

-

-

0

-

-

-

-

Plus Electric

0

-

-

-

1

$62.00

$62.00

$62.00

$62.00

Office

 

 

 

 

 

 

 

 

 

Full Service Gross

6

$10.00

$34.58

$39.00

0

-

-

-

$34.58

Negotiable

29

$45.00

$86.52

$102.00

28

$38.00

$38.00

$38.00

$85.37

Plus Electric

81

$35.00

$64.74

$95.00

35

$39.00

$47.13

$88.00

$62.12

TBD

5

$30.00

$55.62

$65.00

2

-

-

-

$55.62

                     

 Grand Central

 

 

DIRECT SPACES

 

 

SUBLET SPACES

 

TOTAL

# Spaces

Min

Avg

Max

# Spaces

Min

Avg

Max

Avg

Off/Med

 

 

 

 

 

 

 

 

 

Plus Electric

1

$42.00

$42.00

$42.00

0

-

-

-

$42.00

Off/Ret

 

 

 

 

 

 

 

 

 

Negotiable

3

$25.00

$25.00

$25.00

2

-

-

-

$25.00

Plus Electric

4

-

-

-

0

-

-

-

-

Office

 

 

 

 

 

 

 

 

 

Full Service Gross

5

$50.00

$54.91

$56.00

7

-

-

-

$54.91

Modified Gross

0

-

-

-

1

$40.00

$40.00

$40.00

$40.00

Negotiable

72

$35.00

$66.61

$84.00

23

$49.00

$49.00

$49.00

$63.61

Plus All Utilities

2

-

-

-

0

-

-

-

-

Plus Electric

282

$20.00

$55.81

$135.00

36

$33.00

$56.09

$95.00

$55.82

TBD

8

-

-

-

4

-

-

-

-
                     

 Murray Hill

 

 

DIRECT SPACES

 

 

SUBLET SPACES

 

TOTAL

# Spaces

Min

Avg

Max

# Spaces

Min

Avg

Max

Avg

Off/Med

 

 

 

 

 

 

 

 

 

Negotiable

3

-

-

-

1

-

-

-

-

Off/Ret

 

 

 

 

 

 

 

 

 

Negotiable

2

$60.00

$60.00

$60.00

0

-

-

-

$60.00

Plus Electric

2

-

-

-

0

-

-

-

-

Office

 

 

 

 

 

 

 

 

 

Full Service Gross

13

$33.00

$35.32

$42.00

1

-

-

-

$35.32

Modified Gross

0

-

-

-

1

-

-

-

-

Negotiable

13

$25.00

$27.30

$38.00

7

$35.00

$35.35

$36.00

$28.85

Plus All Utilities

2

$25.00

$25.00

$25.00

0

-

-

-

$25.00

Plus Electric

80

$24.00

$42.22

$102.86

18

$15.00

$25.83

$38.50

$41.04

TBD

1

$29.75

$29.75

$29.75

0

-

-

-

$29.75

Triple Net

11

$32.00

$38.93

$40.35

0

-

-

-

$38.93

                     

 Penn Plaza/Garment

 

 

DIRECT SPACES

 

 

SUBLET SPACES

 

TOTAL

# Spaces

Min

Avg

Max

# Spaces

Min

Avg

Max

Avg

Off/Med

 

 

 

 

 

 

 

 

 

Negotiable

1

$55.00

$55.00

$55.00

0

-

-

-

$55.00

Off/Ret

 

 

 

 

 

 

 

 

 

Full Service Gross

1

-

-

-

0

-

-

-

-

Negotiable

1

-

-

-

0

-

-

-

-

Plus Electric

3

$40.00

$40.00

$40.00

0

-

-

-

$40.00

Triple Net

5

$46.08

$46.08

$46.08

0

-

-

-

$46.08

Office

 

 

 

 

 

 

 

 

 

Full Service Gross

24

$16.00

$26.19

$40.00

9

$34.00

$34.24

$36.00

$27.41

Modified Gross

2

$28.00

$28.21

$29.20

0

-

-

-

$28.21

Negotiable

147

$20.00

$36.26

$62.00

29

$20.00

$24.84

$28.00

$35.37

Plus All Utilities

1

$23.00

$23.00

$23.00

1

-

-

-

$23.00

Plus Electric

376

$21.00

$40.77

$67.57

40

$26.00

$35.99

$50.00

$40.51

TBD

9

$25.00

$41.42

$50.00

5

$29.00

$32.61

$39.00

$39.80

Triple Net

1

-

-

-

0

-

-

-

-

Utilities & Char

4

$28.00

$30.37

$37.50

0

-

-

-

$30.37

                     

 Times Square

 

 

DIRECT SPACES

 

 

SUBLET SPACES

 

TOTAL

# Spaces

Min

Avg

Max

# Spaces

Min

Avg

Max

Avg

Off/Med

 

 

 

 

 

 

 

 

 

Full Service Gross

0

-

-

-

1

-

-

-

-

Negotiable

1

$38.00

$38.00

$38.00

0

-

-

-

$38.00

Plus Electric

1

$40.00

$40.00

$40.00

0

-

-

-

$40.00

Off/Ret

 

 

 

 

 

 

 

 

 

Negotiable

8

-

-

-

0

-

-

-

-

Plus Electric

1

$56.00

$56.00

$56.00

0

-

-

-

$56.00

Triple Net

4

$32.00

$37.38

$40.00

0

-

-

-

$37.38

Office

 

 

 

 

 

 

 

 

 

Full Service Gross

6

$30.00

$43.04

$45.00

8

-

-

-

$43.04

Modified Gross

6

-

-

-

0

-

-

-

-

Negotiable

35

$30.00

$56.97

$75.00

8

$54.00

$54.00

$54.00

$56.08

Plus Cleaning

2

$38.00

$38.00

$38.00

0

-

-

-

$38.00

Plus Electric

90

$25.00

$49.69

$70.00

28

$48.00

$49.62

$52.00

$49.69

TBD

16

$42.00

$42.00

$42.00

2

-

-

-

$42.00

Triple Net

3

$25.00

$25.53

$32.00

0

-

-

-

$25.53

                     

 U.N. Plaza

 

 

 

DIRECT SPACES

 

 

SUBLET SPACES

 

TOTAL

# Spaces

Min

Avg

Max

# Spaces

Min

Avg

Max

Avg

Office

 

 

 

 

 

 

 

 

 

 

 

Full Service Gross

1

$38.00

$38.00

$38.00

0

-

-

-

$38.00

 

Negotiable

2

-

-

-

1

-

-

-

-

 

Plus Electric

14

$38.00

$38.00

$38.00

4

-

-

-

$38.00

                       

Plaza District

 

 

DIRECT SPACES

 

 

SUBLET SPACES

 

TOTAL

# Spaces

Min

Avg

Max

# Spaces

Min

Avg

Max

Avg

Off/Med

 

 

 

 

 

 

 

 

 

Full Service Gross

1

-

-

-

0

-

-

-

-

Negotiable

2

$120.00

$120.00

$120.00

0

-

-

-

$120.00

Plus Electric

1

$49.00

$49.00

$49.00

0

-

-

-

$49.00

TBD

1

-

-

-

0

-

-

-

-

Off/Ret

 

 

 

 

 

 

 

 

 

Full Service Gross

2

$48.00

$48.00

$48.00

0

-

-

-

$48.00

Negotiable

10

$45.00

$45.46

$48.00

0

-

-

-

$45.46

Plus Electric

10

$55.00

$97.11

$150.00

2

$23.00

$23.00

$23.00

$78.96

Triple Net

7

-

-

-

0

-

-

-

-

Office

 

 

 

 

 

 

 

 

 

Full Service Gross

27

$34.50

$46.09

$69.50

17

$42.50

$42.50

$42.50

$44.77

Negotiable

122

$34.00

$76.99

$135.00

54

$39.00

$60.85

$85.00

$73.91

Plus Electric

291

$32.00

$77.42

$175.00

45

$32.50

$79.31

$89.00

$77.55

TBD

18

$55.00

$55.00

$55.00

3

$62.00

$62.00

$62.00

$59.24

Triple Net

3

-

-

-

0

-

-

-

-

Map courtesy of CoStar Group and no claim is made as to is ownership.
Photos
Check out photos and floor plans of available office space at Photos.

How much free rent?
Impact your bottom line.  We typically obtain 3-4 months free rent with a five year lease.


Security Deposit
We suggest a Standby Letter of Credit rather than cash when its cost is less than money mkt.


Insurance
Most leases require a $1-3MM comp general policy.  We include your insurance agent early.


Improvements
If you plan alterations, we'll obtain approval as part of the lease instead of incurring costs later.


No Fees
Save money using our services and view the best selection of space with no charge to you.


How Much Time?
It typically takes 7-10 days for us to find the perfect space & 2 days to negotiate best terms.
 
 
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