It goes without saying that Midtown Manhattan’s office space is the jewel crown on the whole of NYC. When you speak about this area as of your official business location, you can be sure that this business will be recognized and granted in the best possible way. Being the central part of Manhattan, the area evolved throughout the years as the top commercial property market, with options available on a broad spectrum. Having more than 240 thousand sq. ft. offices, Midtown is the broadest subdivision of Manhattan’s stock. This area is known for the most rapid evolution of businesses in New York; it is home to impressive CRE facilities, where numerous companies reside, and international diplomatic missions take place. Office suites in Manhattan are characterized by high and stable occupancy levels. Still, the rental fees there are skyrocketing, reaching the point of $96 per sq.ft. in the areas like Hudson Yard. Midtown Manhattan’s office space stock is diversified and features both - high-class assets and value add options. Thus, with such variability, the workspaces cater to a vast target audience - national and international tenants. The region already boasts a presence of fintech firms at their early stages of growth, financial and insurance institutions, those operating in healthcare and pharmaceutics, and many others. Because of the eclectic mix of properties and tenants, to find the best venue in the district is a competitive pursuit. Still, besides the traditional venues, the market already boasts coworking ones, which makes the offering more vibrant.
