Top Five Office Spaces In Financial District To Lease Below The Market Rate
Financial District, along with Harlem and City Hall, is one of NYC’s most affordable office submarkets.
Financial District area might be less hot than all these new fancy developments like Hudson Yards.
Still—what it lacks in terms of media hype, it more than makes up in stellar reputation and potential networking wealth. The bottom line: Financial District is one of NYC’s most desirable office submarkets—but you, of course, know that. What’s new, however, is that this area is also NYC’s most affordable submarket—along with Harlem and City Hall.
It’s no secret that the office rental rates citywide are steadily increasing. The average asking rent in Midtown, for example, has rolled over $100 per square foot. On the other hand, vacancy rate there has also grown. Now, with Financial District, it’s the other way around. The median asking rent for office spaces in Financial District listed on Agorafy is moderate $57 per square foot. But then the competition for office prime space there is stiffer.
Here at Agorafy we have decided to give you a heads up and picked the prime office spaces that just hit our platform and have below media asking rents.
4,500 square feet | $36 per square foot
2,270 square feet | $50 per square foot
4,696 square feet | $42 per square foot
11,365 square feet | $40 per square foot
4,223 square feet | $40 per square foot
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