Midtown South Overview

More on Midtown South
A wide angle view of the Flatiron Building and surrounding buildings in Midtown South, Manhattan.
Map of the Midtown South major commercial real estate market located in Manhattan, New York City.

Come on Down: Rent Space in the Surging Commercial Real Estate Market of Downtown! Lower Manhattan’s commercial real estate market is in transition. Many office buildings have been converted to residential condominiums while stores like Hermes, Tiffany, BMW and other luxury goods stores have planted their footprint in Downtown Manhattan.

Before 9/11, financial services firms mostly leased space in Lower Manhattan. Since then, competitive rents and government incentive programs have attracted a variety of office use industries, such as marketing, creative and non-profit companies. Conde Nast, publishers of Vogue, Vanity Fair, W and others, are eschewing the Times Square area and are headed to the new World Trade Building Number One. Others are following in droves.

Here is an opportunity to lease an office space in Downtown Manhattan in a Class A property for half the rent you would pay for a similar property in Times Square or The Plaza District. In addition, such real estate incentives as the Community Renewal Program (CRP) and the Relocation Incentive Program (REAP) that apply to Lower Manhattan can further reduce your net effective rent. Take our advice: ACT NOW while the pickings are still good!

Find Affordable Manhattan Office Space in Lower Manhattan

Wall Street, the World Trade Center, Tribeca and City Hall all offer competitive office space for rent or lease (longer term) as competition is keen for Class A and Class B properties only found downtown. An example of these buildings are the Woolworth Building, the Equitable Building and One Liberty Plaza which are some of the best-known commercial office buildings in this city.

Lower Manhattan Commercial Real Estate Incentive Programs

In addition to affordable rents and first-rate public transportation, Lower Manhattan tenants benefit from government incentive programs that reduce the cost of commercial rents and cut energy costs. The Commercial Revitalization Program (CRP), the Lower Manhattan Relocation Program (LMREAP) and the Lower Manhattan Energy Program (LMEP) all reduce the cost of leasing Lower Manhattan office or retail space. These programs are very valuable to business tenants and you can save a considerable amount in rent over the term of your lease.

Strong Relationships with Commercial Landlords

Metro Manhattan Office Space enjoys a strong relationships with key landlords, property managers and commercial real estate leasing agents in this area, and, as a result, we know about off market office, loft and retail space sometimes before it becomes available.

Let Us Find Your New Home Away from Home:

Office Space, Commercial Loft Space, Showroom property and Retail Space, your one real estate source for New York City Over the last year, Midtown Manhattan Office Space (212-444-2241) has leased over 47 commercial loft and office spaces in the to businesses of every kind. No one knows this city better than we do and we are always here, ready to help you make one of the most complex and expensive decisions of your career.

Midtown South Neighborhoods

Chelsea street view

Chelsea

The second-largest office submarket by inventory in Midtown South, Chelsea is one of the more up-and…

Read more
Flatiron building

Flatiron

The Flatiron District takes its name from one of the city’s most iconic landmarks. The wedge-like …

Read more
View of Washington Square, Greenwich Village

Greenwich Village

Although likely one of the smallest Midtown South submarkets by volume, Greenwich Village is a …

Read more
Streets of Tribeca

Hudson Square/Tribeca

The neighborhood’s name stands for ‘Triangle Below Canal Street’ and is widely regarded as the area…

Read more
Meatpacking District

Meatpacking District

The Meatpacking District, bordered by Chelsea to the north and Greenwich Village to t…

Read more
Ornate Cast Iron facades in the Soho district of Manhattan, New York City

Noho/Soho

The SoHo district of Midtown South has gone through various incarnations over the decades. It s…

Read more

Park Avenue/Madison Square

Essentially the highest-priced office submarket in Midtown Manhattan, Madison/Fifth commands respect…

Read more

Union Square

Named for its position as a meeting point between a large number of roadways, Union Square in Midtown Sou…

Read more

Downtown Overview

More on Downtown Manhattan
Aerial view of Lower Manhattan at sunset, with the iconic skyscrapers of the Financial District and the World Trade Center lit up against the sky.
Map showing the location Downtown Manhattan, New York City.

Hip Space for Creative Creatures, Techies and Start-Ups. Is this where you belong?

Midtown South spans Manhattan Island from North Canal Street to South of Murray Hill to The Garment District and below. This huge area offers the largest inventory of former factory and loft buildings in Manhattan. They have been retrofitted and made into commercial office rentals with large rooms and huge windows. If Midtown South is your choice, Metro-Manhattan Office Space brokers will take you to Chelsea, Union Square and The Flatiron District that are among the best known and most loved neighborhoods in Midtown South. Your broker is especially connected in this part of town and will find and negotiate the best deal for you!

Class B and Class C office buildings dominate the area. They attract creative-type firms such as advertising agencies, public relations firms and architects seeking to rent commercial lofts or open plan office space where they can spread out. The Flatiron Building and The Starrett Lehigh Building are among the best-known commercial properties in this part of the town in commercial real estate market. Say Hello! To Martha Stewart for us after you move in.

Get a Deal on Commercial Loft Space Chelsea, in midtown south, has lots of office- and retail space to offer. Chelsea is known for its art galleries and casual lifestyle but it’s also for its competitive office space deals. Base rents in Class C loft buildings may come in as low as $35.00 per sq. ft. Yip, that’s nothing to turn your back on with numbers like these.

Downtown Manhattan Neighborhoods

Chinatown street view

Chinatown

The area bordered by Little Italy to the north, Civic Center to the south, the Lower East Side …

Read more

City Hall/Insurance

Home to the offices of city, state, and federal government, the City Hall/Insurance District benefits fro…

Read more

Civic Center

Built over the troubled site formerly known as the Five Points, Downtown Manhattan’s Civic Center …

Read more

Financial District

The symbol of Manhattan’s image as the foremost financial center in the world, the city’s Financial D…

Read more

WTC/World Financial

Following more than a decade of redevelopment and rebuilding, the World Trade Center submarket of Do…

Read more

Uptown Manhattan Overview

More on Uptown Manhattan
Bow Bridge and San Remo at Autumn in Central Park, Uptown Manhattan
Map of Uptown Manhattan: Upper East, Upper West Side & Harlem.

It’s common to overlook Uptown Manhattan and its commercial real estate market. After all, it’s somewhat far from New York City’s traditional business centers of Lower Manhattan and Midtown and is better known for residential properties rather than commercial spaces.

However, Uptown Manhattan has seen a recent surge in popularity and demand as commercial tenants seek affordable alternatives to the high costs of leasing office space in many Lower Manhattan and Midtown districts. 

Located in New York City north of Midtown and close to Central Park, Uptown is home to some of the city’s most iconic and culturally vibrant neighborhoods, such as Washington Heights, Harlem, the Upper West Side, the Upper East Side, and Inwood. 

Rich Cultural Heritage and Unique Architecture

Uptown has a rich cultural heritage with neighborhoods marked with distinction. Landmarks and prestigious institutions of art, culture, and academics, such as The Lincoln Center, the Metropolitan Museum of Art, Apollo Theatre, and Columbia University, only begin to describe the prestigious establishments that call the area home.  

Moreover, the area continues to see a rising economic trajectory. Harlem particularly comes to mind as its business activity and commerce flourish due to recent efforts and funding initiatives.

Another thing Uptown’s well-known for is the distinct brand and flavor of its commercial real estate.

Barring some Upper West Side and Upper East Side office properties, most of Uptown’s commercial inventory primarily consists of smaller, boutique-style office spaces best suited for small businesses and private offices. You can find a unique mix of historic architecture, pre-war buildings, and appealing architecture. 

Educated Talent Pool, Diverse Tenants

Parts of Uptown have easy access to a well-educated talent pool, as Columbia University students commonly live in the Upper West Side and parts of Harlem.

The Uptown market appeals to companies from various industries, ranging from healthcare and law to architecture, tech, and communications. Notable tenants occupying office space in Uptown Manhattan include ABC, Time Warner, BMI, Aetna, Harlem Properties, Silicon Alley Media, National Geographic, and French Bull, among many others. You can also find various diplomatic missions throughout the Upper East Side. 

Uptown Manhattan Neighborhoods

Harlem

The Uptown Manhattan neighborhood of Harlem is located just north of Central Park, bordered by …

Read more

Upper East Side

Originally known as the Silk Stocking District, the prestigious Upper East Side neighborhood is a posh, m…

Read more

Upper West Side

The upscale Upper West Side neighborhood is bordered by the Hudson River on the west, Central Park to the…

Read more