Office space for sale in Midtown South
Midtown South is the historic home of New York tech and media, built on converted loft buildings with open floors and big windows. It spans NoMad and the blocks around Madison Square, and it is one of the tightest submarkets for well-built creative office.
- Office stock
- 28.3M SF
- Office properties
- 398
- Largest office
- 338 Fifth Avenue
- Transit
- R W at 28 St
Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.
On Leasemark No office space for sale and no requirements posted in Midtown South yet. Post yours and it is matched the day it goes up.
Nothing listed here yet
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NYC Department of Finance filings
Income and expenses per square foot: office buildings in Manhattan
In 2024, 1,506 Manhattan office properties filed income statements with the city. Their median gross income was $52.08 per square foot, and the middle half collected between $38.22 and $74.58. Their median operating expense was $19.66 per square foot. The typical property's income was up 1% on 2023. The city publishes these figures by borough, not by neighborhood, so they cover Manhattan as a whole.
Gross income per square foot, 2024
Manhattan office buildings
- Median gross income
- $52.08/SF
- Middle half
- $38.22 to $74.58
- Median operating expense
- $19.66/SF
- Typical change on 2023
- +1%
- Citywide median
- $39.05/SF
- Filings
- 1,506
Source: NYC Department of Finance, FY 2027 RPIE 2024 Income and Expense Distributions (FY 2027 assessment roll, published January 2026), page 8. Owners of income-producing properties file a Real Property Income and Expense statement each year; gross income is everything a property collected in 2024 per square foot, as filed, with outlier and partial-year filers left out. It includes vacant space, concessions and older leases, so it is not an asking rent.
NYC tax lot records
Office buildings in Midtown South
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Office space
- 28.3M SF
- Properties with office space
- 398
- All commercial space
- 35.7M SF
- Built before 1940
- 89%
Largest office buildings
All 185 large commercial buildings in Midtown SouthAge, height and zoning
- Median year built: 1915.
- Median height: 7 floors.
- Most common zoning districts: C5-2 (171), M1-8A/R11 (158), M1-8A/R12 (77). 40% of these lots are zoned for manufacturing.
- Historic districts: Madison Square North Historic District (82 lots).
- 31 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 South'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 South
Every station within about 0.5 mi of Midtown South's commercial core, closest first. Stations joined by a free transfer count once.
- Stations
- 10
- Subway lines
- 12
- Fully accessible
- 3 of 10
- Closest
- 28 St, 1 min walk
The 10 stations
- 28 St
- 28 St
- 28 St
- 23 St
- 23 St
- 34 St-Herald Sq
- 33 St
- 34 St-Penn Station
- 23 St
- 23 St-Baruch College
Lines
The 1, 2, 3, 6, B, D, F, M, N, Q, R and W trains stop within about 0.5 mi of Midtown South's core.
Step-free access
- 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.
- 23 St-Baruch College (6) is fully accessible.
- 28 St (6) is 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 South'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 office building sales in Midtown South
32 sales of the large office buildings Leasemark tracks in Midtown South have been recorded since 2016, $3.4 billion in all. The newest 6 are below.
Newest sales
Since 2016
- Largest: 1240 Broadway, $565 million in November 2016.
- Median price: about $633 a square foot of floor area, across 28 one-building sales.
- Newest deed on record: June 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.
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NYC transfer tax calculator
The city and state transfer taxes on a commercial sale, what the seller keeps and the buyer's mortgage recording tax.
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Questions about office space in Midtown South
Is there office space for sale in Midtown South right now?
No office space for sale in Midtown South is listed on Leasemark right now. Post what you want to buy and Leasemark matches you the day a space that fits is listed; your contact details stay private until you accept an intro. Owners and brokers can list a space here for free.
How much does office space cost in Midtown South?
Leasemark has no asking prices posted here yet, so here are the city's own numbers. Owners of office buildings in Manhattan reported a median $52.08 of gross income and $19.66 of operating expense per square foot for 2024 (middle half of income: $38.22 to $74.58), according to the income and expense statements owners file with the NYC Department of Finance (FY 2027 distributions, 1,506 filings). The city publishes these figures by borough, so this is Manhattan as a whole, not Midtown South alone. That is what buildings actually collected, with vacant space, concessions and leases signed years ago in the mix, so it is a baseline rather than a quote: a specific space's price depends on the building's class, floor, condition and the length of the lease.
How do I find office space in Midtown South that is not publicly listed?
Post a requirement on Leasemark. Owners and listing brokers see what you need (without your contact details) and can respond with spaces, including ones that are not on the market yet. You choose who gets an intro.
How much office space is there in Midtown South?
New York City's PLUTO tax lot data (26v2) records about 28.3 million square feet of office floor area across 398 properties in the part of Midtown South Leasemark covers. The largest by that measure is 338 Fifth Avenue, at about 2.7 million square feet. That is the existing building stock, not space currently for sale.
What subway lines serve Midtown South?
Ten subway stations sit within about 0.5 mi of Midtown South's commercial core, served by the 1, 2, 3, 6, B, D, F, M, N, Q, R and W trains. The closest is 28 St (R W), roughly 1 minute on foot; then 28 St (6), 28 St (1), 23 St (F M), 23 St (R W), 34 St-Herald Sq (B D F M N Q R W), 33 St (6) and 3 more. Walking times are straight-line estimates from MTA station data.
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.