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Leasing
Top Three Neighborhoods to Lease Office Space in NYC
January 29, 2025
Are you on the hunt for the ultimate neighborhood to lease office space in New York City in 2025? Your search ends here.
New York City remains one of the world’s most dynamic business hubs, with unparalleled opportunities for businesses of all sizes to grow. But with so many neighborhoods to choose from, the search for the perfect spot for your business can be overwhelming.
Whether you’re a startup or a well-established enterprise, New York City has the perfect neighborhood for you.
What to Consider for a Commercial Location
Before we dive into the hottest NYC neighborhoods, keep these key factors in mind to guide your search for commercial space:
- Foot Traffic: Retail businesses thrive in areas with high pedestrian flow. Consider locations close to transit hubs, key intersections, or tourist attractions.
- Demographics: Understand the demographics of each neighborhood to ensure it aligns with your target audience.
- Amenities: Proximity to amenities such as restaurants, cafes, and parking can boost employee satisfaction and attract customers.
Prime Neighborhoods to Lease Office Space in the Big Apple
There are several neighborhoods that stand out for their unique advantages and amenities. Here are three top neighborhoods for office space in New York City:
Broadway Corridor
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Nestled in the heart of Manhattan, the Broadway Corridor is a hotspot for businesses. With its bustling streets and proximity to Times Square, this neighborhood offers a vibrant backdrop that’s sure to impress clients and employees alike.
Located in an area with high foot traffic and prime transportation hubs like Penn Station and Grand Central Terminal, you are sure to attract clients from all walks of life. Not only that, but you will also be amongst numerous other companies, which allows for unmatched networking opportunities and a diverse talent pool.
Empire State Realty Trust has several leasing opportunities along the Broadway Corridor, with properties which include the Empire State Building, 111 W. 33rd Street, 501 Seventh Avenue, 1400 Broadway, 1359 Broadway, 1350 Broadway, and 1333 Broadway. All buildings within ESRT’s Broadway Campus have access to a suite of amenities at the buildings like a 170+ town hall space and lounge at 1400 Broadway, and an outdoor roof deck and event space with stunning views of the Empire State Building soon to come at 1333 Broadway.
The Empire State Building recently opened its brand-new suite of amenities on the building’s Club Level, which bring the building’s total amenities to 65,000 square feet. The Empire Lounge features a new multi-sport court, a 400-person town hall space with a lounge/bar, and two golf simulators.
Columbus Circle
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Situated in the heart of Manhattan, Columbus Circle offers a serene and picturesque setting for office spaces. Surrounded by lush greenery and beautiful landscapes, this neighborhood offers a tranquil escape from the city’s hustle at Central Park and bustle and is an ideal location for businesses that value a balanced work-life and a pleasant environment. The area allows for workers to unwind and relax as they take in the views of The Great Lawn, Belvedere Castle, and many others.
ESRT’s 250 W. 57th Street is a prime example of what an office space in the Columbus Circle area can offer. Steps from the park and other notable locations, 250 West 57th Street comprises of 26 stories and 542,047 rentable square feet of modern office space. Tenants can go for a jog or bike ride as they take in the beautiful views of Central Park before they shower at the newly opened Refresh57, a tenant-only amenity space that includes private cabanas with spa-quality finishes.
Midtown Manhattan – Grand Central Terminal
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An average of half a million people rely on Grand Central Terminal every day to make it to their destination, which makes it one of New York’s largest transportation hubs. As an iconic New York City landmark, Grand Central Terminal is more than just a transportation hub—it’s also a bustling business district. The area surrounding Grand Central Terminal is well-connected to other parts of the city, which makes it easy for clients, employees, and business partners to travel to and from their workspaces.
At One Grand Central Place and other commercial buildings in the area, you will encounter office spaces occupied by companies of all shapes and sizes. One Grand Central Place is unmatched when it comes to its transportation access, which includes in-building access to Grand Central Terminal’s commuter trains, a 12-minute walk to Port Authority Bus Terminal, and steps from 5 subway lines. Tenants also have access to a tenant-only conference center and dining options from 6b, Pera Mediterranean Brasserie, and Blue Bottle Coffee.
ESRT’s leasing portfolio consists of modernized and amenitized office spaces located in these desirable locations. Not only do they offer strategic spaces for businesses, but they also offer office space of all sizes, ideal for the wide range of companies looking to lease their new space.
This blog post has been updated from a previous version.
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