Manhattan

Commercial space in the Financial District

The Financial District offers large blocks of office at a meaningful discount to Midtown, plus new towers at the World Trade Center. It has the best regional transit access in the city, including PATH to New Jersey.

Commercial properties
494
Office stock
76.9M SF
Median year built
1923
Known for
Office, Retail, Medical

Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.

On Leasemark No spaces or requirements posted in the Financial District yet. List a space and it is matched to every new requirement, or post what you need and get matched as spaces arrive.

Nothing listed in the Financial District yet

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What a requirement here looks like

No live requirements in the Financial District yet. These labeled examples show what tenants post.

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NYC tax lot records

The building stock in the Financial District

What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.

Commercial properties
494
Office space
76.9M SF
Retail space
5.8M SF
Built before 1940
63%

Largest office buildings

  1. 104 floors · built 2009
  2. 53 floors · built 1973
  3. 45 floors · built 2009
  4. 54 floors · built 1986
  5. 44 floors · built 1987
All 111 large commercial buildings in the Financial District

Age, height and zoning

  • Median year built: 1923.
  • Median height: 10 floors.
  • Most common zoning districts: C5-5 (262), C6-4 (67), C6-2A (51).
  • Historic districts: South Street Seaport Historic District (53 lots), Stone Street Historic District (14 lots), Fraunces Tavern Block Historic District (11 lots).
  • 67 lots are designated city landmarks.

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.4 mi of the Financial District's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.

MTA station data

Subway stations in the Financial District

Every station within about 0.5 mi of the Financial District's commercial core, closest first. Stations joined by a free transfer count once.

Stations
13
Subway lines
13
Fully accessible
6 of 13
Closest
Wall St, 1 min walk

The 13 stations

  • Wall St1 min walk · Not accessible
  • Bowling Green1 min walk · Accessible station
  • Broad St1 min walk · Not accessible
  • WTC Cortlandt2 min walk · Accessible station
  • Rector St2 min walk · Not accessible
  • Wall St2 min walk · Not accessible
  • Whitehall St-South Ferry3 min walk · Not accessible · connects to South Ferry
  • Rector St3 min walk · Not accessible
  • Cortlandt St4 min walk · Accessible station · connects to Chambers St, World Trade Center, Park Place
  • Fulton St4 min walk · Accessible station
  • Chambers St6 min walk · Accessible station
  • City Hall7 min walk · Not accessible
  • Brooklyn Bridge-City Hall9 min walk · Accessible station · connects to Chambers St

Lines

The 1, 2, 3, 4, 5, 6, A, C, E, J, R, W and Z trains stop within about 0.5 mi of the Financial District's core.

Step-free access

  • Bowling Green (4 5) is fully accessible.
  • WTC Cortlandt (1) is fully accessible.
  • Cortlandt St (R W) is fully accessible.
  • Fulton St (2 3 4 5 A C J Z) is fully accessible.
  • Chambers St (1 2 3) is fully accessible.
  • Brooklyn Bridge-City Hall (4 5 6) is fully accessible.

Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of the Financial District's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.

NYC property records (ACRIS)

Recent building sales in the Financial District

19 sales of the large commercial buildings Leasemark tracks in the Financial District have been recorded since 2016, $4.64 billion in all. The newest 6 are below.

Newest sales

  1. 1 Whitehall Street$104.5 million
    July 2026 · $325 a SF · to ONE WHITEHALL PROPERTY OWNER LLC
  2. January 2026 · $262 a SF · to 101 GREENWICH PROPERTY OWNER LLC
  3. December 2025 · $186 a SF · to WPJG LLC
  4. 75 Maiden Lane$40.2 million
    October 2025 · $259 a SF · to CSC 75 MAIDEN PROP CO LLC
  5. July 2024 · $275 a SF · to MAIDEN GLASS LLC
  6. 55 Broad Street$172.5 million
    July 2023 · $425 a SF · to 55 BROAD STREET OWNER LLC

Since 2016

  • Largest: 60 Wall Street, $1.04 billion in January 2017.
  • Median price: about $338 a square foot of floor area, across 18 one-building sales.
  • Newest deed on record: July 2026. The city's open data runs about a month behind.
All 19 building sales in the Financial District

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.

NYC Department of Finance

Commercial property taxes in the Financial District

Of the 111 large commercial buildings Leasemark tracks in the Financial District, 93 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $9.38 per square foot of floor area a year, before abatements.

Largest estimated bills

  1. $8.20 a SF · market value $666.5 million
  2. 1 Liberty Plaza$28.1 million
    $16.63 a SF · market value $601.1 million
  3. $13.02 a SF · market value $539.9 million
  4. 60 Wall Street$23.3 million
    $14.42 a SF · market value $477.8 million
  5. $10.14 a SF · market value $478.6 million
  6. $10.83 a SF · market value $369 million

Across 93 taxed buildings

  • The middle half pay between $7.93 and $11.04 a square foot of floor area a year.
  • Manhattan median: $13.55 a square foot, across 1388 large buildings Leasemark tracks.
  • Median market value on the roll: about $205 a square foot. That is the city's valuation for tax, not a sale price.
  • 18 buildings are fully exempt, including 185 Greenwich Street and 225 Liberty Street. Exemptions like these are common for government, nonprofit and PILOT properties.

Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-16. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (35,000 SF and up in Manhattan).

NYC Department of Buildings permits

Interior build-outs in the Financial District

In the 12 months to October 2026, the Department of Buildings issued first permits for 361 interior build-outs in 79 of the 111 large commercial buildings Leasemark tracks in the Financial District, with work permitted on 807 floors in all. Their filed cost estimates add up to about $1002 million.

Most build-outs, last 12 months

  1. 18 floors with work
  2. 16 floors with work
  3. 25 floors with work
  4. 70 floors with work
  5. 13 floors with work
  6. 20 floors with work
  • 71% of the buildings tracked here had a build-out, against 61% across Manhattan.

Build-outs by quarter

  • Q1 202582
  • Q2 202583
  • Q3 202582
  • Q4 202580
  • Q1 202674
  • Q2 2026101
  • Q3 2026104
  • Q4 2026 to Oct 2219

Newest

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (35,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

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Questions about the Financial District

How much commercial space is there in the Financial District?

New York City's PLUTO tax lot data (26v2) records about 91.3 million square feet of commercial floor area across 494 properties in the part of the Financial District Leasemark covers, including about 76.9 million square feet of office and about 5.8 million square feet of retail. The largest office building by that measure is 185 Greenwich Street, at about 7.2 million square feet. That is the existing building stock, not space currently available.

What subway lines serve the Financial District?

13 subway stations sit within about 0.5 mi of the Financial District's commercial core, served by the 1, 2, 3, 4, 5, 6, A, C, E, J, R, W and Z trains. The closest is Wall St (4 5), roughly 1 minute on foot; then Bowling Green (4 5), Broad St (J Z), WTC Cortlandt (1), Rector St (R W), Wall St (2 3), Whitehall St-South Ferry (R W 1) and 6 more. Walking times are straight-line estimates from MTA station data.

Which subway stations in the Financial District are accessible?

Six of the 13 stations within about 0.5 mi of the Financial District's commercial core are fully accessible, per the MTA: Bowling Green (4 5), WTC Cortlandt (1), Cortlandt St (R W), Fulton St (2 3 4 5 A C J Z), Chambers St (1 2 3) and Brooklyn Bridge-City Hall (4 5 6).

When did a large commercial building in the Financial District last sell?

The newest sale on record is 1 Whitehall Street, which sold in July 2026 for $104.5 million to ONE WHITEHALL PROPERTY OWNER LLC, per the deed recorded with the city. 19 sales, $4.64 billion in all, have been recorded of the large commercial buildings Leasemark tracks in the Financial District since 2016.

See every building sale in the Financial District

How much are commercial property taxes in the Financial District?

On the Department of Finance's 2026/27 assessment roll, the 93 large commercial buildings Leasemark tracks in the Financial District that pay property tax come to a median of about $9.38 per square foot of floor area a year, with the middle half between $7.93 and $11.04. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is 55 Water Street, 43 Water Street, about $29.1 million a year. 18 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.

How taxes show up in gross and net leases

How much build-out work is happening in the Financial District?

In the 12 months to October 2026, the Department of Buildings issued first permits for 361 interior build-outs in 79 of the 111 large commercial buildings Leasemark tracks in the Financial District, with work permitted on 807 floors in all. Their filed cost estimates add up to about $1002 million. The most were at 200 Liberty Street (19 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.

Build-outs in every NYC neighborhood

Do tenants in the Financial District pay the NYC Commercial Rent Tax?

Yes, for larger leases. The Financial District is in Manhattan below 96th Street, where the city's Commercial Rent Tax applies. A tenant owes it only when base rent for the space is $250,000 a year or more. The tax is 6% of base rent after a 35% reduction, so 3.9% of rent, with a sliding credit between $250,000 and $300,000, and the Small Business Tax Credit wipes it out for businesses with total income of $5 million or less and base rent under $500,000. Lower Manhattan has its own rules: stores south of Murray, Frankfort and Dover Streets and premises in the World Trade Center area pay nothing, and some new leases in eligible buildings south of Canal Street get a special reduction.

Estimate it with the Commercial Rent Tax calculator

Is it free to post on Leasemark?

Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.