In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.
Total Office Space in New York: 906,039,855 Sq. Ft.
In New York, the largest share of office space is in office properties sized 100k to 500k square feet. In terms of quality rating, you’ll find that 324,420,646 square feet of office space in New York is rated Class A. Office space rated Class B amount to 334,885,619 square feet.
New York Office Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Office |
| 50k to 100k Sq. Ft. |
99,912,155 Sq. Ft. |
11.03% |
| 100k to 500k Sq. Ft. |
310,697,397 Sq. Ft. |
34.29% |
| 500k to 1M Sq. Ft. |
154,717,145 Sq. Ft. |
17.08% |
| > 1M Sq. Ft. |
273,458,050 Sq. Ft. |
30.18% |
New York Office Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Office |
| Class A+ |
150,337,132 Sq. Ft. |
16.59% |
| Class A |
324,420,646 Sq. Ft. |
35.81% |
| Class B |
334,885,619 Sq. Ft. |
36.96% |
| Class C |
31,473,064 Sq. Ft. |
3.47% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in New York: 720,889,264 Sq. Ft.
New York is home to an industrial real estate market that encompasses 720,889,264 square feet of space across 1283 industrial properties of various use types, sizes, and quality ratings.
New York Industrial Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Industrial |
| 50k to 100k Sq. Ft. |
138,102,794 Sq. Ft. |
19.16% |
| 100k to 500k Sq. Ft. |
291,214,410 Sq. Ft. |
40.4% |
| 500k to 1M Sq. Ft. |
67,325,451 Sq. Ft. |
9.34% |
| > 1M Sq. Ft. |
98,988,707 Sq. Ft. |
13.73% |
New York Industrial Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Industrial |
| Class A |
125,447,792 Sq. Ft. |
17.4% |
| Class B |
454,235,616 Sq. Ft. |
63.01% |
| Class C |
100,187,971 Sq. Ft. |
13.9% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in New York: 280,113,235 Sq. Ft.
The New York commercial real estate market includes 3740 properties that are dedicated to retail use. The various types of retail space here account for 280,113,235 square feet of commercial property in New York.
New York Retail Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Retail |
| 50k to 100k Sq. Ft. |
56,578,080 Sq. Ft. |
20.2% |
| 100k to 500k Sq. Ft. |
147,266,753 Sq. Ft. |
52.57% |
| 500k to 1M Sq. Ft. |
32,097,495 Sq. Ft. |
11.46% |
| > 1M Sq. Ft. |
27,876,071 Sq. Ft. |
9.95% |
New York Retail Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Retail |
| Class B |
89,655 Sq. Ft. |
0.03% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.
405 Lexington Avenue 26th Floor, New York, NY%20NewYork%20USA%20Kitchen%20-%201325%20Avenue%20of%20the%20Americas.jpg?width=450 "1325 Avenue of Americas")
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