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2,483 Commercial Real Estate Listings in Manhattan, NY

  • 47 West 47th Street - New York
    47 West 47th Street, Central Midtown, New York, NY 10036
    For Lease $2,832/Month
    Property
    • Office
    • 12,247 Sqft
    Availability
    • 1 Space
    • 600 Sqft
  • 147 West 35th Street - New York
    147 West 35th Street, Garment District, New York, NY 10001
    Contact for pricing
    Property
    • Office
    • 99,184 Sqft
    Availability
    • 1 Space
    • 670 Sqft
  • 325 West 38th Street - New York
    325 West 38th Street, Garment District, New York, NY 10018
    For Lease $4,100/Year
    Property
    • Office
    • B
    • 110,188 Sqft
    Availability
    • 1 Space
    • 1,300 Sqft
    Year Built
    • 1929
  • 164 West 25th Street, Chelsea, New York, NY 10001
    Contact for pricing
    Property
    • Office
    • 4,500 Sqft
    Availability
    • 1 Space
    • 4,500 Sqft
  • 343 Canal St, Soho, New York, NY 10013
    Contact for pricing
    Property
    • Office
    • 2,000 Sqft
    Availability Contact for availability
  • 86 Bowery, Chinatown, New York, NY 10013
    For Sale $2,400,000
    Property
    • Office
    • 1,366 Sqft
  • 153 West 27th Street - New York
    153 West 27th Street, Chelsea, New York, NY 10001
    Contact for pricing
    Property
    • Office
    • 106,920 Sqft
    Availability
    • 1 Space
    • 2,216 Sqft
  • 22 Allen Retail Store - New York
    23 Orchard Street, Chinatown, New York, NY 10002
    For Lease $8,500/Month
    Property
    • Retail
    • 6,861 Sqft
    Availability
    • 1 Space
    • 614 Sqft
  • 325 West 38th Street - New York
    325 West 38th Street, Garment District, New York, NY 10018
    For Lease $3,780/Month
    Property
    • Office
    • B
    • 110,188 Sqft
    Availability
    • 1 Space
    • 1,100 Sqft
    Year Built
    • 1929
  • 36 West 44th Street, Central Midtown, New York, NY 10036
    Contact for pricing
    Property
    • Office
    • A
    • 2,312 Sqft
    Availability
    • 1 Space
    • 2,312 Sqft
  • 415 West 45th Street - New York
    415 West 45th Street, Clinton - Hell's Kitchen, New York, NY 10036
    For Sale $20,995,000
    Property
    • Unassigned
    • 22,000 Sqft
  • 25 Howard Street - New York
    25 Howard Street, Soho, New York, NY 10013
    For Lease Contact for pricing
    Property
    • Retail
    Availability
    • 1 Space
    • 2,400 Sqft
  • 53 Wooster Street - New York
    53 Wooster Street, Soho, New York, NY 10013
    For Lease $46.08/Sqft/Year
    Property
    • Mixed Use
    Availability
    • 1 Space
    • 1,250 Sqft
  • 30 East 60th Street - New York
    30 East 60th Street, Lenox Hill, New York, NY 10022
    For Lease $65 - $75/Sqft/Year
    Property
    • Office
    Availability
    • 11 Spaces
    • 29,179 Sqft
  • 75 Rockefeller Plaza - New York
    75 Rockefeller Plaza, Central Midtown, New York, NY 10019
    Contact for pricing
    Property
    • Office
    Availability
    • 3 Spaces
    • 33,756 Sqft
  • 1140 Avenue of the Americas - New York
    1140 Avenue of the Americas, Central Midtown, New York, NY 10036
    For Lease $82 - $89/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 19,284 Sqft
  • 373 Broadway - New York
    373 Broadway, Tribeca, New York, NY 10013
    For Lease $14.75/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 250 Sqft
  • 6 East 45th Street - New York
    6 East 45th Street, Central Midtown, New York, NY 10017
    For Lease $49.5 - $65/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 9,550 Sqft
  • 253 5th Avenue - New York
    253 5th Avenue, Nomad, New York, NY 10016
    For Lease $60/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 2,500 Sqft
  • 48 West 38th Street - New York
    48 West 38th Street, Garment District, New York, NY 10018
    For Lease $54/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 23,336 Sqft
  • 211 East 43rd Street - New York
    211 East 43rd Street, Turtle Bay, New York, NY 10017
    For Lease $58 - $65/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 22,620 Sqft
  • 12 West 37th Street - New York
    12 West 37th Street, Garment District, New York, NY 10018
    For Lease $66 - $84/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 1,000 Sqft
  • 261 West 35th Street - New York
    261 West 35th Street, Garment District, New York, NY 10001
    For Lease $40/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 6,825 Sqft
  • 353 West 39th Street - New York
    353 West 39th Street, Garment District, New York, NY 10018
    For Lease $22 - $46.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 6,465 Sqft
  • 505 8th Avenue - New York
    505 8th Avenue, Garment District, New York, NY 10018
    For Lease $48/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 4,850 Sqft

Manhattan, NY Commercial Real Estate

There are currently 2,446 commercial listings available in Manhattan, NY. These listings include 4,515 commercial spaces that encompass a total of 51,635,710 square feet. Available commercial spaces in Manhattan, NY range in size from 77 square feet to 1,800,000 square feet. A total of 820 off-market commercial properties located in Manhattan, NY are also available for research.

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Manhattan, NY Economic Overview

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Manhattan, one of the five boroughs of New York City, is usually the first place people think of when they picture New York. Central Park, the Empire State Building, Lower Manhattan, the Garment District, Wall Street, Fifth Avenue, the United Nations Headquarters, Times Square and Broadway are all part of Manhattan and its skyline.  Although it is the smallest borough measured by land area, it is one of the largest by population. With 1.6 million people, Manhattan more than doubles in population size during the work week, when an additional 2.3 million commuters come into Manhattan to work. Described as the financial, media, entertainment and cultural center of the world, commercial real estate in Manhattan attracts investment from all over the world.

Manhattan real estate is the largest economic driver in the borough, with both foreign and domestic capital creating a demand that exceeds the supply and causing the combined total value of real property in Manhattan to push well past the $3 trillion mark. Manhattan accounts for over 66% of the total jobs in New York City, most of them being white collar professions in the financial sector, corporate and technology sectors. Tourism also plays a major role in the Manhattan’s economy, drawing over 61 million visitors each year to the 'Big Apple'.

Manhattan, NY Commercial Real Estate Market

With over 550 million square feet of commercial office space in Manhattan it is the largest office market in the U.S. Midtown Manhattan is home to the Empire State and Chrysler Buildings, while Lower Manhattan is the heart of the U.S. financial and banking markets with Wall Street and the Federal Reserve Bank of New York being headquartered there. 2017 kicked off with asking rents at their highest ever, vacancy rates moving lower and absorption relatively flat for all submarkets of Manhattan. The commercial real estate market in Manhattan is concentrated in Harlem, SoHo, the Financial District, Washington Heights, Downtown Manhattan, the Upper West Side, and the Lower East Side.

Millions of monthly tourists, combined with a relatively wealthy resident base, has caused Manhattan to become one of the largest retail markets in not only the U.S., but the world. Almost all buildings have some type of street-level retail, lending to one of the most diverse tenant mixes anywhere.

The Madison Avenue and Fifth Avenue corridors, where asking rents are nearly $3,500 per square foot, are home to the most sought-after retail space in Manhattan. Brand name tenants include Saks Fifth Avenue, Bergdorf Goodman, Louis Vuitton and Hermes.

While elsewhere in the nation retail has slowed down and is slowly recovering, according to the Real Estate Board of New York, Manhattan is different:

"This activity throughout Manhattan—among amenable landlords, the borough’s strong retail market fundamentals, more diversity among food tenants, trends among e-commerce retailers opening brick and mortar stores, and continued international retailer interest—have shown that the Manhattan retail environment is too dynamic and should not be included with the pessimistic conjectures about e-commerce’s effect on the future of brick and mortar retailing and struggling suburban shopping centers."

Manhattan, NY Commercial Inventory Breakdown

Office Spaces

Total: 539,778,499 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 29,391,871 SF / 5.45% of total office
  • 100k to 500k SF: 162,237,717 SF / 30.06% of total office
  • 500k to 1M SF: 123,180,310 SF / 22.82% of total office
  • > 1M SF: 224,968,601 SF / 41.68% of total office

By class:

  • Class A+: 142,796,811 SF / 26.45% of total office
  • Class A: 213,569,406 SF / 39.57% of total office
  • Class B: 149,293,527 SF / 27.66% of total office
  • Class C: 8,374,864 SF / 1.55% of total office

Industrial

Total: 1,208,572 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 325,835 SF / 26.96% of total industrial
  • 100k to 500k SF: 882,737 SF / 73.04% of total industrial

By class:

  • Class B: 808,873 SF / 66.93% of total industrial
  • Class C: 399,699 SF / 33.07% of total industrial

Office Spaces with Retail

Total: 5,709,380 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 1,517,629 SF / 26.58% of total office with retail
  • 100k to 500k SF: 2,321,751 SF / 40.67% of total office with retail
  • 500k to 1M SF: 1,870,000 SF / 32.75% of total office with retail

Employment in Manhattan, NY

Employment

Manhattan has the highest per capita income of any market in the U.S., with the average weekly wage coming close to $3,000. Called the 'employment engine' of New York, nearly 2.3 million people commute to the borough each work day, most of them for white collar jobs in the financial services industry.

Wall Street, the financial services sector, and securities and investment banking industries, account for over 5% of the City's private sector jobs and generate 22% of the city's total wages. The New York Stock Exchange, NASDAQ, the New York Board of Trade and the New York Mercantile Exchange are all located in Manhattan.

Drawn by its abundance of more than 500 million square feet of office space, more corporate headquarters are located in Manhattan than anywhere else in the country. Manhattan is the largest office market in the United States and has the largest central business district in the world.

Manhattan's Silicon Alley is another major center of employment, with over 300,000 workers in the high-tech sector. Industries in Silicon Alley include Internet companies, digital media, telecommunications, software development, biotech, financial and info technology and game design. Over the past couple of years more than $7.3 billion in venture capital has been invested in this area of Manhattan, alone.

With an employment base of over 900,000, a median household income of over $75,000 per year, and highly educated, diverse and motivated workforce, combined with the trophy real estate of Manhattan, it's no wonder that job growth and wages in the borough remain extremely strong.

Education in Manhattan, NY

Within its vast array of public education and private preparatory schools, Manhattan is home to some of the most prestigious schools in New York City. Among the best known public high schools in Manhattan are Beacon High School, Stuyvesant High School, NYC Lab School and Hunter College High School. Preparatory schools in Manhattan include Dalton School, Browning School, Convent of the Sacred Heart and Loyola School.

Manhattan has one of the country's densest populations of highly education residents, with 60% holding a four-year degree and 25% holding advanced degrees. With more than 225,000 students, and even more adult professional continuing education students, the City University of New York (CUNY) is the largest urban municipal college system in the U.S. Well known universities and colleges in Manhattan include Columbia University, Marymount Manhattan College, New York University, The Julliard School and St. John's University.

Commuting Time in Manhattan, NY

Because of the high population density in Manhattan, more residents use public transportation than in almost any other major metropolitan city in the world. Upwards of 72% of Manhattanites use public transportation to commute to and from work, and almost 80% do not even own a car.

For residents of the borough, using public mass transit in Manhattan is the main form of their commute:

  • The New York City Subway system is the largest in the world and is the main means of traveling within the City.
  • Commuter rail service operates to and from Manhattan via the Long Island Rail Road, the Metro-North Railroad, and the NJ Transit system.
  • An extensive, integrated network of buses operate within Manhattan. Operated by the MTA, the New York City Transit system serves nearly 800 million passengers a year, more than double the ridership of Los Angeles.
  • Public heliports in Manhattan are the East 34th Street Heliport, the Port Authority Downtown Manhattan/Wall Street Heliport and the West 30th Street Heliport.
  • John F. Kennedy International Airport, Newark International Airport and LaGuardia Airport are the three major airports in the New York metropolitan area and serve both the City of New York and New Jersey.

Manhattan Demographics

Population

  • Total Population1,598,291
  • Male Population(47.3 %) 756,171
  • Female Population(52.7 %) 842,120
  • Median Age37.00

Income/Financial

  • Average Household Income$130,595
  • Median Household Income$109,037
  • Median Income Under 25$49,375
  • Median Income 25-44$136,295
  • Median Income 45-64$113,833
  • Median Income Over 65$47,141

News

Main Takeaways Mountain View – Shoreline was the nation’s most expensive submarket in 2019, with an average sale price of $1,554 per square foot of office space. The average sale price for a square foot of office space in the U.S. was $233. The 10 most expensive submarkets were in California, Ne...

Sales activity in the Manhattan office market decreased 12% year-over-year, with total sales volume dropping to just under $2.8 billion. After gaining significant traction in Q3, Manhattan office sales dropped by more than $1 billion quarter-over-quarter. Highlights: Y-o-Y, the average price per...

A decade is a long time, and so much has occurred in our country and around the world in the last 10 years. In particular, rising real estate prices have been one of the prevailing themes throughout the 2010s. Coming off the heels of the Great Financial Crisis, the U.S. economy has trended upwar...