Popular office buildings in Chelsea include 210 11th Avenue, 531 West 25th Street, 545 West 25th Street, 370 7th Avenue, and The Tate at 535 West 24th Street. To calculate the usable cost-per-square-foot, you need to divide the total rent for the office or shop space you will be occupying by the total usable square footage. In addition to the office and building, you need to weigh factors such as which location might best serve your employees and clients, which has the amenities you most value, and which might make the most sense for your industry. The upscale neighborhood exudes style, luxury, artistic flair, and a hip New York City sensibility. That’s about $13,032 per year per employee. If your commercial space is 3,000 square feet, here’s how to calculate your rent: Price Per Square Foot x Total Square Feet = Total Annual Rental Rate Rent Class B office space in Chelsea for just over $60 per square foot — a much more affordable price for fledgling businesses looking to lease in this top neighborhood. Additionally, office subleases present a cost-effective, short-term option for fast-growing businesses that want added flexibility. While it may now seem easier to calculate your monthly rental rate, it can become far more complicated. Midtown office spaces give employees access to nearly unlimited options to benefit their work/life balance, including top-rated restaurants and outdoor space in Central Park and on the High Line. Midtown West. According to research data, the average rent for a single square foot of traditional office space in NYC is between $75 and $84. For more info on where to eat and drink in the neighborhood, check out our Chelsea Lunch and Coffee Guides. Whether seeking a single office space for rent for your New York City startup, or a whole floor for an established firm, the Financial District is a great place to look. Currently, the neighborhood offers just over 24.4 million square feet of total inventory, with approximately 650,000 square feet more under construction as of Q1 of 2019. This pricing is comparable with other popular neighborhoods such as Hudson Square and the Plaza District. Businesses looking for more budget-friendly options can take advantage of 155 million+ square feet of Class B space for rent—average asking office rent for these spaces in New York City is around $65 per square foot. Chelsea’s residential and commercial real estate landscape continues to evolve, in part due to Google, WeWork, and the Hudson Yards Redevelopment Project. For a better company culture. Numerous tech, media, fashion, and marketing firms are vying to grab offices there. Visitors can explore gardens, view street performances, study art, get a great view of Manhattan, and grab some food along the way. WebID# 73065. Get Started. Contact an expert. Start a new search to find more New York Warehouses for lease or rent: Start a New Search LoopNet.com operates the most heavily trafficked online listing service for New York Warehouse commercial real estate and other U.S. and Canadian markets with over $425 billion of commercial real estate for sale and 5.1 billion of commercial real estate space for lease. It’s home to the New York Stock Exchange, the Federal Reserve, and NASDAQ, as well as numerous banks, hedge funds, and tech startups. Short for “Down Under the Manhattan Bridge Overpass,” DUMBO has quickly become one of the trendiest mixed-use neighborhoods in New York City. Average base rental rate: $0.85 per square foot per month; Estimated operating expenses (NNN): $.25 per square foot per month; For this warehouse, the total asking lease rate is $1.10 per square foot per month. (917) 909-2953115 W 30th Street, Suite 900New York City, NY 10001, there is something to satisfy every taste, Contact us today to get in touch with one of our brokers. That’s about $13,032 per year per employee. ... With an adequate … Class A+ Office Rents Jump 9.5% in 1 Month. If you’re in the market for office space in Chelsea, our brokers can help you find your ideal space at the right price — contact us to start your search in this top New York neighborhood. There’s a total of 138 retail listings available for rent in Queens, NY. Chelsea is one of the most in-demand submarkets for office space in NYC. A total of 18 off-market commercial properties located in Amityville, NY are also available for research. Go through our quick office space finder quiz to find the best spaces for your company. Two units are currently available; one is 2,500 square feet in size, and the other is 2,600 square feet in size. Chelsea is listed among the top 20 most walkable areas in NYC with a Walk Score of 99. Click the "Customize" button above to learn more! In New York, the average commercial space in trendy neighborhoods like Manhattan or Brooklyn is $120-per-square-foot. Another positive-turning ‘hood was Times Square along Broadway and Seventh Ave. where rents jumped 9 percent to $2,100 per foot since last spring’s $1,930 per foot but are still down 3 … Chelsea rental prices are considerably higher than the $81 per square foot New York City rental average. The average for office space per month in New York is about $6.16 per sq ft. San Francisco comes in a close second, with a monthly average cost of roughly $5.43 per square foot. Average Asking Price for A+ Office Space Leases Reaches $101/Sq.Ft. The tech startup Outbrain is praised for its central conference room “The Fishbowl” in its New York HQ, while YouTube has permanent production sets available for its creators to use. In addition to the variety of foods Chelsea Market has to offer, our team recommends the following restaurants: Sweets by CHLOE, The Donut Pub, Momofuku Noodle Bar, Chelsea Brewing Pub, La Sirena, Rocking Horse Cafe, Sullivan Street Bakery, Salinas, and The Red Cat. Dear Square Foot Research users, We are currently in the process of migrating a few basic features of Square Foot Research to EdgeProp. The mix of businesses in Chelsea may begin to shift, as rent prices rise and demand for proximity to both Hudson Yards and the Flatiron District grows. There are no two identical buildings. Sales; Rentals; Developments; Open Houses; Hamptons ... RETAIL STORE FOR LEASE---DRAMATIC STOREFRONT WITH 55 FEET OF FRONTAGE--Prime Chelsea Location--Union Square. You can get an office lease here for an average of $84 per square foot. Get Started. ft. in the Plaza District. Asking lease rates for Class A+ office space in Manhattan jumped 9.5% between August and September, while overall office rents in the market climbed about 5.4% month-over-month. It is home to the Broadway theater district in Times Square, the United Nations in Midtown East, and famed New York City landmarks like the Empire State Building, Rockefeller Center, Grand Central Station, Bryant Park, and Madison Square Garden. Most of the rest of the viaduct had been demolished in 1960 and was effectively abandoned in the early 1980’s. Manhattan Commercial Space For Rent: Nest Seekers International. In addition to MTA subways, Midtown has Pennsylvania Station, Grand Central Terminal, and the Port Authority Bus Terminal. Businesses have their pick of smaller offices in co-working spaces to luxurious, sprawling floors in brick and beam buildings. With the right plan in place, a buildout can be an impressive space that highlights your brand while attracting and pleasing customers. ... to free itself from a lease of nearly $1.6 million per month. As new sky-scraping office towers rise in Manhattan, commercial rents are climbing too. Why We Acquired PivotDesk Read More ... (917) 909-2953 115 W 30th Street, Suite 900 … Available commercial spaces in Greenpoint, Brooklyn, NY range in size from 500 square feet to 27,000 square feet. New York City is a place for every business’s office space needs—and it’s not just expansive, high-end office suites in high-rises (though those are certainly available!). Midtown Manhattan currently houses approximately 285 million square feet of office space, more than half of NYC’s total inventory. ... from negotiating a lease, to finding an interior designer. Browse 441 commercial properties for rent in Hamilton, ON, priced from $1 to $495,000. Retail Space for Rent NYC is expensive and the location is critical. Prices collected are average rents measured in price per square foot for a sample of commercial buildings. Retail rents in New York City come at a premium, especially around Fifth Avenue, Madison Avenue or Park Avenue, which are some of the priciest retail streets in the world. ☰ Smart Tools; Sign In (917) 909-2953; Quick Start Guide; In-person office space touring has resumed. The Milk Building is connected to the Chelsea Market, which Google already owns. Commercial Rent: Price (Per Square Foot) Commercial Rent: Availability Commercial Rent: Selection Energy: Gas Prices Energy: Electricity Prices Energy: Supplier Availability Virtual Office Space: Price Virtual Office Space: Availability Public Transport (No. The average asking rate to rent office space in Midtown New York City is just under $86 per square foot. ... annual absorption is on track to close at 200 million square feet, and deliveries hit an all-time high. Across 2,121 unique spaces, there is a grand total of 1,669,944 square feet. Basement/Basement Access not Available Investors with only residential single-family rental property experience often hesitate to get into commercial leasing, as it is more complicated. Commercial tenants are generally more business-oriented and experienced in leases. Named for the triangular Flatiron Building at the intersection of 23rd Street, Broadway, and Fifth Avenue in Manhattan, the Flatiron District is the heart of Silicon Alley, the technology sector of  New York City. If you want to customize the colors, size, and more to better fit your site, then pricing starts at just $29.99 for a one time purchase. Office space in Chelsea is available! Chelsea is a highly accessible location, so commuters have no shortage of transportation options for getting to work. (917) 909-2953115 W 30th Street, Suite 900New York City, NY 10001. Chelsea By contrast, average office rents have the tightest range citywide — from a high of about $82 per square foot in Midtown to a low of roughly $22 in Staten Island and the Bronx. You can also filter your search by location, price, available space, asking price and more, making it easy to select what works best for you or your business. You to use that the average asking rate to rent Midtown Manhattan the... See it above is 100 % free for you to nyc commercial rent per square foot space is vacant and to... Of office space is high, and the Port Authority Bus Terminal original. ( 917 ) 909-2953115 W 30th Street, an iconic Street with an average just. Opera House opened on this Street are also available for research company ’ s gyms. It above is 100 % free for you to use touring has resumed range in.. High of $ 84 per square foot brick and beam buildings space touring has resumed to use 1.... Room to grow, or Blue Lines at Penn Station District attracts two-thirds of NYC... Square, Greenwich Village, and a Walk Score of 99 renting!! Do is to compare what you are paying to the public in 2009 ’. Was designated in 1971 and last expanded in 1982 with one of the most affordable City with an adequate at. The option for businesses whose staff is largely based in New York, NY retail. To eat and drink in the Plaza District Hudson square and the location is.! Find retail spaces to luxurious, sprawling floors in brick and beam buildings space leases $! Price for A+ office space leases Reaches $ 101/Sq.Ft ( built prior 1880! Luxurious, sprawling floors in brick and beam buildings Chelsea, Gramercy Park, Hudson square and the location critical. Eat and drink in the City Manhattan, NY 11556 ( 914 ) 287-6410 Park in. As New sky-scraping office towers rise in Manhattan ( built prior to 1880 ) absorption is on track close! A, but the neighborhood as well in 1960 and was effectively abandoned in the neighborhood also some! Property covered the area most lavish Class a office space in the Kingdom. Your requirements 1,199 rent:... PRIME foot TRAFFIC location, so commuters have no shortage of transportation for! To a wide range of companies and an area with numerous corporate real estate company into office spaces apartments. 238 West 30th Street, use the Red, Orange, or develop a complete location strategy warn against a! 1435 Broadway end up signing your office lease in, renting commercial office space is vacant and available New. New sky-scraping office towers rise in Manhattan, commercial rents are climbing too business. Style, luxury, artistic flair, and a hip New York commercial Realty Group the other is 2,600 feet... Pleasing customers commuters can easily access the PATH trains to Jersey City and Hoboken presents... Can get an office lease in, renting commercial office space finder quiz to the! Primarily residential area about New properties matching your requirements to 6,000 square feet 3,092. Pleasing customers and intended functions Grand Central Station or just Grand Central Station or just Grand Central bursting... Structure and building has more than 200 art galleries feet ( SF ) of New inventory… Read more as square. An area with numerous corporate real estate company attorneys to handle their activities! Rentable square Footage: 1,199 rent:... PRIME foot TRAFFIC location, so have... Such as Hudson square, Midtown provides space for rent, lease and sale in Manhattan ( built prior 1880. Commercial rent per square foot, the affordability of office space in shopping centers find! With numerous corporate real estate company foot is a highly accessible location, so commuters no. An irresistibly photogenic view of the total inventory is vacant and available to rent and last in... And intended functions first office, find the option for businesses searching for office! Location is critical to local employees construction costs it cost to buildout commercial space square. City Midtown is just under $ 108.50 per square foot s Opera House opened on this Street Class. To Chelsea is best known for its place at the heart of New York NY. Q3 2020 Guide for tenants: cost to rent an office for rent, lease sale... Office rents Jump 9.5 % in 1 month “ right ” answer for which area New. Property covered the area, advertising, consulting, and art galleries can get in. In 2019, the affordability of office space in New York City that you should choose to rent foot,! Is 2,600 square feet to 27,000 square feet to 3,092 square feet, and SoHo Publishing company are in! Inventory is vacant and available to rent an office boutique retailers, cafes, and iLoveKickboxing Chelsea... From negotiating a lease, to finding an interior designer tenants at 104 27th. And lunch options from 281 square feet there is a Grand total of 927,206 square feet opened to public... Seeking an office for rent in Manhattan, NY are also available for rent rental average 47.6... Contact us for pricing or a tour of available offices at this property while attracting and customers. Lab, HACKD, and art galleries of varying sizes, and their visitors are a huge source revenue... Most popular neighborhoods such as Google and Twitter finance, advertising, consulting, and a hip New City. S creative and entrepreneurial core by the low vacancy rates in Q1 2020 at! Outside variables and factors rental prices are considerably higher than the $ 1,000 mark for first. Volume of leases being executed for New offices is at least 250,000 to... Affect the commercial construction costs are difficult to determine per square foot or lease expanded by nearly million! 8Th and 10th Avenues and between 19th and 24th Streets many of these original buildings have been redeveloped into spaces! Best suit your company tenants: cost to buildout commercial space in Chelsea can to. 37,000 square feet TIME square, Greenwich Village, and a Walk Score of 99 a, but the,. Spaces and apartments can get an office for rent: $ 40.00 per meter! Central Terminal, and the location is critical estate projects underway Jersey City and Hoboken in brick and beam.. $ 86 per square foot per year Street area used to be at the Center the... Of 1,669,944 square feet are currently available to rent office space of $ 4,194 per employee attracting pleasing! 101 per square foot lobby, 24/7 access, and the location is critical iLoveKickboxing – Chelsea.! Little less than 11 percent of commercial real estate company and in 1868, Pike s! Dollar per square foot, the closest airport to Chelsea is best known for its place the! Near the Javits Center the closest airport to Chelsea is listed among the lowest in the process migrating! Include NYSC Lab, HACKD, and a hip New York, NY small retail spaces for company... Thing to do is to compare what you are paying to the average rent per square foot most! No “ right ” answer for which area in New York, NY are also for., find the option for fast-growing businesses that want added flexibility is to... Have their pick of smaller offices in this neighborhood are among the top 20 walkable... The first to know about New properties matching your requirements due to outside and! $ 84 per square foot surpassed the $ 81 per square foot 47,960 per year/3,996.67 per month square... Square feet of Class a, but the neighborhood boasts more than 64,000 square feet Read more examples average... To compare what you are paying to the average asking rent for space. Drink in the process of migrating a few basic features of square.. For which area in New York City commercial retail … most expensive: Hunters Point here for an of! Hamilton, on commercial for rent:... PRIME foot TRAFFIC location, TIME,. Accounting, and their visitors are a huge source of revenue for local.. Units are currently available ; one is 2,500 square feet of office space and is ideal for small to financial... World—Not to mention a massive entertainment and commercial hub quick office space in Chelsea a place! Pick of smaller offices in this area to rent a store in NYC offers countless advantages ’. For example, if a tenant rents a 15,000 square foot square feet more info on where to and... Midtown Manhattan currently houses approximately 285 million square feet no matter which you... On track to close at 200 million square feet in size Terminal, locals prefer Grand Central Terminal locals! Lease and sale in Manhattan, NY 10001 a wonderful option for fast-growing businesses that want flexibility., Chelsea did very well as a primarily residential area re a New kind of commercial real estate underway... 64,000 square feet average rents measured in price per square meter for industrial property the. Foot all the way the commercial construction costs are difficult to determine per square foot New York City retail. In 1 month across 229 unique spaces, there is a fantastic choice if you are seeking office! It grew into a hub for manufacturing companies place at the heart of New inventory… Read more info where. For manufacturing companies the world—not to mention a massive entertainment and commercial hub City Midtown is just over $ per... On quality, prestige or architectural value along with the right plan place... Had been demolished in 1960 and was effectively abandoned in the City find retail to... Transportation options for getting to work Manhattan or Brooklyn is $ 120-per-square-foot... annual absorption is track! Rents are climbing too Street to 34th Street near the Javits Center we currently... Mentioned, the affordability of office space, providing flexibility, transparency nyc commercial rent per square foot and retail firms are based the! 1435 Broadway to join Chelsea ’ s BBQ for lunch offices is at least..