Everything you need to get your business venture off the ground under one roof.
Bound by East River, Hudson River, and Harlem River, Manhattan is a concrete jungle of dizzying skyscrapers, and world’s most desirable business address. In fact, when most people refer to New York City as the Big Apple, they’re often thinking of Manhattan and its icons like the Empire State Building.
It’s no wonder it has become the leading cultural, commercial, and entertainment hub of the world.
Home to nearly 1.6 million residents, NYC’s most densely populated borough has more than 450 million sq.ft of office space designed for all business sizes and budgets. There’s also an additional 20 million sq.ft in new developments like Hudson Yards. What’s more, these office spaces come in all desirable options, including subleases, coworking spaces, direct lease, and flexible leases. Today, Manhattan boast of over 8 million sq.ft. of coworking space.
Rub shoulders with industry giants
In terms of its business scene, Manhattan is known to be NYC’s economic powerhouse. Major government institutions like the Federal Reserve, stock exchanges like NYSE & NASDAQ, top-tier banks like JP Morgan Stanley, insurance titans such as AIG, investment firms like Blackrock, and entertainment giants such as CBS, call Manhattan home.
What to Expect
Prestigious office buildings, first-class amenities, lots of options, larger inventory, and above-average rental costs
Famed for its skyscrapers, Manhattan enjoys a thriving business culture complemented by a bustling tourist economy. Expect authentic bars, coffee shops, entertainment hotspots, art galleries, museums, first-rate amenities, and plenty of goodies in-between. Most of the office spaces are nestled in snazzy high-rises, which means there are lots of options to choose from.
Office spaces priced for every budget
There’s a reason leasing activity in Manhattan jumped by 40% in the past year: there’s something for business. While the average asking rent for an office space in Manhattan is estimated to be $75 per sq.ft., a space in Class A buildings will cost around $84 per sq.ft. on average. Those in Class B and lower buildings often cost much less at an average of $58 per sq.ft.
Over 65% of Class A office spaces are tucked in Midtown Manhattan, with Lower Manhattan hosting the famous FiDi. If you’re looking for affordable office spaces combined with the vibrant culture of Manhattan, check out Chelsea, SoHo, Tribeca, Grand Central, and Hudson Yards. All of these neighborhoods are crisscrossed by bus routes, subway lines, and commuter rails.