Leasing Space for Law Firms in Manhattan and Greater New York City
In 2019, law firms accounted for 5.9% of all leased space in the United States (according to CBRE) making them sizable tenants in the office space market. Most law firms prefer to have offices in Midtown Manhattan, larger firms prefer a Downtown location (typically the Financial District) to gain the benefits of being close to City Hall and courthouses located in its vicinity.
For over 16 years, Metro Manhattan Office Space has successfully brokered many hundreds of leases for office space in New York City. Make use of our knowledge of the available listings, landlords and buildings, and take advantage of record low square footage costs in 2021 by securing a highly favorable long-term lease to reduce your business’s long-term real estate costs. Browse our listings or call us for access to thousands of properties not currently listed on our site: (212) 444-2241
Current Average Office Space Leasing Costs in Manhattan
(Updated Feb. 2021)
Class A Buildings: $45 to $130 per square foot
Class B Buildings: $33 to $80 per square foot
Class C Buildings: $26 to $55 per square foot
Common Tenant Considerations
- Location, proximity to primary clients
- Telecommunications (fiber internet access, VoIP, 4G/5G cellular availability etc.)
- Building amenities (gyms, waiting areas, bathrooms, shops etc)
- Visibility and prestige
- Neighborhood security
- Building security
- Neighboring tenants
- Office space buildout, signage and other customizations
- Favorable long-term lease terms
- Overall leasing costs
What Lawyers Look for in Manhattan Office Space
The legal industry provides advice and services to customers in many areas – general litigation, administrative, corporate and appellate law, intellectual property matters, patent laws, antitrust, immigration, sports, estate, probate and many others. Law firms aim to impress their clients and value well-appointed spaces that make their clients comfortable. Aside from private offices, most law firms require space for a reception area, designated areas for assistants and paralegals, conference rooms, a library and document storage, as well as a kitchen and dining area for staff.
Major Transportation Hubs for Commuting to Office Space in Manhattan and Greater New York City
Manhattan has a well-established public transit system which has enjoyed a recent revival with the new Moynihan Train Hall that opened in 2021 and the planned demolition and replacement of the Port Authority Bus Terminal. Here are some of the major transit stations and hubs that service Manhattan, to help you determine the ideal location for your office.
Major rail stations:
- New York Penn Station, which is served by Amtrak, Long Island Rail Road, New Jersey Transit, and the New York City Subway
- Grand Central Terminal, which is served by Metro-North Railroad and the New York City Subway
- Jamaica Station, which is served by Long Island Rail Road, New York City Subway, and AirTrain JFK
- Atlantic Terminal, which is served by the New York City Subway and Long Island Rail Road
- Newark Penn Station, which is served by Amtrak, New Jersey Transit, PATH and Newark Light Rail
- Hoboken Terminal, which is served by New Jersey Transit, Metro-North Railroad, PATH, Hudson-Bergen Light Rail, and NY Waterway
- Harlem–125th Street Station, which is served by Metro-North Railroad and the New York City Subway
Major bus hubs:
- Port Authority Bus Terminal, served by commuter and intercity buses. The busiest bus station in the United States, the terminal serves both commuter routes, mainly operated by New Jersey Transit, and national routes operated by private companies, such as Greyhound and Peter Pan.
- George Washington Bridge Bus Station, also served by commuter and some intercity buses. Most commuter buses are from New Jersey and Rockland County.
- Penn Station is used by BoltBus, Megabus, Tripper Bus and Vamoose Bus.
- Chinatown, including the corner of East Broadway and Forsyth Street, where several intercity Chinatown buses have a common terminus.
New York Office Building “Classes”
Regardless of whether you need traditional office space, an open plan commercial loft or a short-term executive office suite, it is helpful to understand the differences between “A”, “B” or “C” office buildings:
Class A Buildings: Prestigious and Luxurious
- Lobbies attended by staff 24/7
- Air-conditioned lobbies and common areas
- Property management on premises
- High level of capital improvements
- Cleaning services included in the base rents
- Advanced fire alarm and security systems
Class B Buildings: Affordable & Functional
- Traditional lobbies and corridors
- 24/7 tenant access
- Attended lobbies, mostly during business hours
Class C Buildings: Bare Bones and Cost Effective
Class C buildings offer the most affordable NYC office space for lease. They are usually former warehouse or manufacturing buildings converted to office use. In some cases attended, the lobbies may range from nice and acceptable to bare bones and functional. Class C buildings are great for start-ups that are seeking an inexpensive office space to lease in NYC.