Law firm relocation near Grand Central
Posted by a tenant rep broker · Legal
- Where
- Grand Central, Midtown
- Size
- 7,000 to 10,000 SF
- Budget
- to $110/SF
- Move in
- Jun 2027
24/7 accessADA accessible
Owners: got a fit?I have a fit
Manhattan
Commercial space in Midtown
Midtown is the largest office market in the country, anchored by the Plaza District, Sixth Avenue, and the Rockefeller Center corridor. Inventory runs from trophy towers to smaller prewar buildings on the side streets, which is where most full-floor deals under 10,000 SF happen.
- Commercial properties
- 1,443
- Office stock
- 137M SF
- Median year built
- 1926
- 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 Midtown 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 Midtown yet
The labeled examples below show how spaces appear here; they are not on the market. Get an email the day a space here is posted, or list yours and it is matched to requirements the day it goes up.
What a requirement here looks like
No live requirements in Midtown yet. These labeled examples show what tenants post.
Hedge fund, Hudson Yards or Plaza
Posted by a tenant rep broker · Finance
- Where
- Hudson Yards, Midtown
- Size
- 15,000 to 22,000 SF
- Budget
- to $140/SF
- Move in
- Aug 2027
24/7 access
Owners: got a fit?I have a fit
For owners and brokers
Hear the moment a tenant looks for space in Midtown
Tenant alerts send a notification when a requirement that fits your neighborhood, types and sizes is posted, before you list anything. Real requirements only. Free during Broker Pro early access.
NYC tax lot records
The building stock in Midtown
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Commercial properties
- 1,443
- Office space
- 137M SF
- Retail space
- 16.3M SF
- Built before 1940
- 66%
Largest office buildings
All 357 large commercial buildings in MidtownAge, height and zoning
- Median year built: 1926.
- Median height: 7 floors.
- Most common zoning districts: C5-3 (278), R8B (170), C1-9 (139).
- Historic districts: Upper East Side Historic District (49 lots), Turtle Bay Gardens Historic District (2 lots), Scenic Landmark (1 lot).
- 119 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 Midtown'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 Midtown
Every station within about 0.5 mi of Midtown's commercial core, closest first. Stations joined by a free transfer count once.
- Stations
- 18
- Subway lines
- 19
- Fully accessible
- 10 of 18
- Closest
- 47-50 Sts-Rockefeller Ctr, 1 min walk
The 18 stations
- 47-50 Sts-Rockefeller Ctr
- 42 St-Bryant Pk
- 49 St
- Times Sq-42 St
- 7 Av
- 5 Av/59 St
- 50 St
- 51 St
- 5 Av/53 St
- 57 St
- 59 St
- 57 St-7 Av
- Grand Central-42 St
- 50 St
- Lexington Av/63 St
- 34 St-Herald Sq
- 34 St-Penn Station
- 59 St-Columbus Circle
Lines
The 1, 2, 3, 4, 5, 6, 7, A, B, C, D, E, F, M, N, Q, R, W and S trains stop within about 0.5 mi of Midtown's core.
Step-free access
- 47-50 Sts-Rockefeller Ctr (B D F M) is fully accessible.
- Times Sq-42 St (1 2 3 7 N Q R W S) is fully accessible.
- 51 St (6) is fully accessible.
- 57 St (M) is fully accessible.
- 57 St-7 Av (N Q R W) is fully accessible.
- Grand Central-42 St (4 5 6 7 S) is fully accessible.
- Lexington Av/63 St (M Q) is fully accessible.
- 34 St-Herald Sq (B D F M N Q R W) is fully accessible.
- 34 St-Penn Station (1 2 3) is fully accessible.
- 59 St-Columbus Circle (1 A B C D) is fully accessible.
- 49 St (N R W) and 50 St (C E) are partly accessible (one direction only).
Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of Midtown'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 Midtown
82 sales of the large commercial buildings Leasemark tracks in Midtown have been recorded since 2016, $21.1 billion in all. The newest 6 are below.
Newest sales
Since 2016
- Largest: AXA Equitable Center, 787 Seventh Avenue, $1.93 billion in January 2016.
- Median price: about $788 a square foot of floor area, across 70 one-building sales.
- Newest deed on record: August 2026. The city's open data runs about a month behind.
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 Midtown
Of the 357 large commercial buildings Leasemark tracks in Midtown, 342 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $17.82 per square foot of floor area a year, before abatements.
Largest estimated bills
Across 342 taxed buildings
- The middle half pay between $12.98 and $24.56 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 $391 a square foot. That is the city's valuation for tax, not a sale price.
- 15 buildings are fully exempt, including One Bryant Park and 4 Times Square. Exemptions like these are common for government, nonprofit and PILOT properties.
5th highest of 73 NYC neighborhoods by tax per SFHow taxes show up in a lease
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 Midtown
In the 12 months to October 2026, the Department of Buildings issued first permits for 1,241 interior build-outs in 250 of the 357 large commercial buildings Leasemark tracks in Midtown, with work permitted on 1,959 floors in all. Their filed cost estimates add up to about $2089 million.
Most build-outs, last 12 months
- 70% of the buildings tracked here had a build-out, against 61% across Manhattan.
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.
How much is commercial rent in NYC? Per square foot, by borough
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.
Good guy guarantee in NYC commercial leases
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.
How much office space do you need per employee in 2026
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.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
TI allowance calculator
A landlord's build-out allowance in dollars, what it covers of your budget and what the rest adds to the rent.
- Free calculator
Commercial Rent Tax calculator
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
Questions about Midtown
How much commercial space is there in Midtown?
New York City's PLUTO tax lot data (26v2) records about 163.8 million square feet of commercial floor area across 1,443 properties in the part of Midtown Leasemark covers, including about 137.2 million square feet of office and about 16.3 million square feet of retail. The largest office building by that measure is 1221 Avenue of the Americas, at about 2.4 million square feet. That is the existing building stock, not space currently available.
What subway lines serve Midtown?
18 subway stations sit within about 0.5 mi of Midtown's commercial core, served by the 1, 2, 3, 4, 5, 6, 7, A, B, C, D, E, F, M, N, Q, R, W and S trains. The closest is 47-50 Sts-Rockefeller Ctr (B D F M), roughly 1 minute on foot; then 42 St-Bryant Pk (B D F M 7), 49 St (N R W), Times Sq-42 St (1 2 3 7 N Q R W S A C E), 7 Av (B D E), 5 Av/59 St (N R W), 50 St (1) and 11 more. Walking times are straight-line estimates from MTA station data.
Which subway stations in Midtown are accessible?
Ten of the 18 stations within about 0.5 mi of Midtown's commercial core are fully accessible, per the MTA: 47-50 Sts-Rockefeller Ctr (B D F M), Times Sq-42 St (1 2 3 7 N Q R W S), 51 St (6), 57 St (M), 57 St-7 Av (N Q R W), Grand Central-42 St (4 5 6 7 S), Lexington Av/63 St (M Q), 34 St-Herald Sq (B D F M N Q R W), 34 St-Penn Station (1 2 3) and 59 St-Columbus Circle (1 A B C D). 49 St (N R W) and 50 St (C E) are partly accessible (one direction only).
When did a large commercial building in Midtown last sell?
The newest sale on record is 10 East 53rd Street, which sold in August 2026 for $310 million to 10 EAST 53RD GORP PROPERTY LLC, per the deed recorded with the city. 82 sales, $21.1 billion in all, have been recorded of the large commercial buildings Leasemark tracks in Midtown since 2016.
How much are commercial property taxes in Midtown?
On the Department of Finance's 2026/27 assessment roll, the 342 large commercial buildings Leasemark tracks in Midtown that pay property tax come to a median of about $17.82 per square foot of floor area a year, with the middle half between $12.98 and $24.56. 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 General Motors Building, 761 Fifth Avenue, about $85.6 million a year. 15 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.
How much build-out work is happening in Midtown?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1,241 interior build-outs in 250 of the 357 large commercial buildings Leasemark tracks in Midtown, with work permitted on 1,959 floors in all. Their filed cost estimates add up to about $2089 million. The most were at 277 Park Avenue (26 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.
Do tenants in Midtown pay the NYC Commercial Rent Tax?
Yes, for larger leases. Midtown 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.
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.
Getting there
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq