Commercial Space for Lease in Manhattan – Use-Type Guide

Looking for commercial space in New York City? Whether you’re opening a medical practice, scaling a tech startup, or relocating a law firm, the right type of space makes all the difference.

This guide outlines the major categories of commercial office space in Manhattan and helps you explore listings tailored to your specific business needs. Click below to learn more about each space type or speak to a commercial real estate expert at (212) 444-2241.

Explore Commercial Space by Use Type

Average Office Space Leasing Costs in Manhattan

Updated September 2025

  • Class A Buildings: $48 – $150 per square foot
  • Class B Buildings: $33 – $80 per square foot
  • Class C Buildings: $26 – $55 per square foot

What Kind of Commercial Office Space Do You Need?

Financial Services Firms

Value traditional office layouts in Class A buildings with strong infrastructure and amenities.
Explore Financial Services Office Space

Accounting Firms

Often seek conservative office-intensive layouts with drop ceilings and modest finishes.
View Office Space Listings

Advertising & PR Agencies

Prefer creative loft spaces with open layouts, high ceilings, and natural light.
Explore Commercial Loft Space

Law Firms

Require private offices, conference rooms, and reception areas—often located near courts or City Hall.
See Legal Office Space Options

Tech Companies

Gravitate toward flexible, stylish loft spaces in Midtown South, the “Silicon Alley” of Manhattan.
Browse Tech-Friendly Spaces

Medical Practices

Need clean, comfortable space near hospitals, in buildings that reassure patients.
See Medical Office Listings

Common Tenant Considerations

  • Location and proximity to clients
  • Expansion potential within the building
  • Access to public transportation
  • Building amenities (gyms, lobbies, cafes, etc.)
  • Telecom and internet access (fiber, VoIP, 5G)
  • Parking availability
  • Security and concierge services
  • Image, visibility, and branding
  • Buildout flexibility and landlord incentives
  • Total occupancy costs

Understanding Buildouts in NYC Commercial Real Estate

Most NYC commercial office spaces are not move-in ready. They often require buildouts, which include:

  • Construction of private offices, conference rooms, and open areas
  • New lighting, flooring, and paint
  • Tenant signage and custom features

Types of Space Conditions:

  • White Box: Completely unfinished – walls, floors, and systems need to be built
  • Prebuilt: Built out by landlord with common layouts ready to go
  • Second/Third Generation: Previously occupied space needing cosmetic or layout changes

Tenant Improvement (TI) Allowance

Landlords often provide a budget for buildouts. The longer your lease term, the greater the allowance. If buildout costs exceed the allowance, tenants pay the difference.

Do Commercial Tenants Pay Property Taxes in NYC?

Generally yes – most tenants pay increases over a base year as part of their lease. However, some landlords may allow you to “buy out” this obligation in exchange for higher rent escalations.

Watch Our Video on Property Tax for NYC Tenants

Need Help Finding the Right Space?

Call Alan Rosinsky at (212) 444-2241 or browse our full listing inventory.