Office space in Midtown Manhattan
Office space in Midtown Manhattan
Office Space in Midtown Manhattan
Searching for office space in Midtown Manhattan? The area includes more than 1,579 office buildings with 316,082,515 square feet of space located from 59th Street to 30th Street and from the Hudson to the East River. Sub-markets within this area include Columbus Circle, the Plaza District, UN Plaza, Grand Central, Murray Hill, Penn Station/Garment District and Times Square. Given the enormity of this area an effective space search requires narrower criteria. Key criteria to consider are: (1) Location, including proximity to clients, suppliers and transportation; (2) Pricing; (3) Building quality and amenities; and (4) Building infrastructure.
Rental Rates for Office space in Midtown Manhattan
According to Costar, Commercial Real Estate Information Company, at the close of Q2 2014 the occupancy rate for office space in Midtown Manhattan was 92.1% with an average quoted rent of $59.21 PSF on direct leases across A, B & C Building Classes. The rent ranges from a low of $46.91 PSF in Penn Station/Garment District to $68.58 in the Plaza District.
♥As your Tenant Representation Broker, Cogent Realty can negotiate substantially lower contract rents and obtain a Tenant Incentive Package which includes a rent abatement and Landlord-funded renovations made to the space.
Best Strategy for Renting Office space in Midtown Manhattan
Office space in Midtown Manhattan- so convenient!
If your business plans on renting office space in Midtown Manhattan contact the experienced NO FEE Tenant Representative Broker, Cogent Realty. Cogent will secure the optimal lease terms for you by utilizing in depth market information, transaction expertise and negotiation skills. Phone (212) 509-4049.
