Office · For lease · Union Square
12 E 16th St, Suite 5
Work out the rent over a lease term
No Commercial Rent Tax at this rent
Furnished, move-in ready suite with 22 desks and two glass offices. Short walk to the 4 5 6 L N Q R W at Union Square.
This is an example. Post a requirement like it and we match you with real spaces as they are listed.
I'm interested$64/SF a year is above the $52.08 median that Manhattan office buildings collected per square foot in 2024, inside the middle half ($38.22 to $74.58).
Source: the income and expense statements that owners of Manhattan office buildings file with the city (NYC Department of Finance (opens in a new tab), 2024 filings, 1,506 in the borough). It is what whole buildings across the borough collected (not this neighborhood alone), with vacant space, concessions and older leases in the mix: a baseline, not a quote for this space. Every borough, side by side
How much commercial rent costs in NYC, and what is paid on top of it
Example requirements, scored out of 100 on location, type, size, budget, timing and must-haves. Best fit first.
Posted by the tenant · Architecture
69 out of 100 match.Same borough (Manhattan) · 1 of 2 must-haves
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
How many square feet your team needs, from headcount and layout to a rentable range.
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
A landlord's build-out allowance in dollars, what it covers of your budget and what the rest adds to the rent.
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
