Restaurant space for lease in Midtown South

No restaurant space for lease in Midtown South is listed on Leasemark right now. Post what you need 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.

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Leasemark has no asking rents posted here yet, so here are the city's own numbers. Retail buildings in Manhattan collected a median $64.71 per square foot in 2024, and the middle half between $38.35 and $104.91, according to the income and expense statements owners file with the NYC Department of Finance (FY 2027 distributions, 1,328 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.

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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.

New York City's PLUTO tax lot data (26v2) records about 4.1 million square feet of retail floor area across 634 properties in the part of Midtown South Leasemark covers. The largest by that measure is 140 West 30th Street, at about 31,000 square feet. That is the existing building stock, not space currently for lease.

The NYC Health Department had 510 restaurants and other food service places with an inspection on file in the part of Midtown South Leasemark covers as of October 2026, and 61 more had applied for a permit and were waiting for their first inspection. The most common kinds are American (122), Korean (81) and coffee and tea (66). The streets with the most are West 32nd Street (73), Fifth Avenue (54) and Broadway (54).

74 food service places in the part of Midtown South Leasemark covers had their first pre-permit health inspection in the 12 months to October 23, 2026, 15% of the 510 open there. Counts are food service permits in an active status: restaurants, cafes, bakeries, bars that serve food and similar places. A new permit is either a new restaurant or a new operator taking over an existing one. Places that opened and closed again within the year are not counted.

The New York State Liquor Authority listed 224 active full liquor licenses and 74 beer and wine licenses for drinking on site in the part of Midtown South Leasemark covers as of October 23, 2026. 34 more applications for on-site licenses were waiting for a decision, 27 of them for full liquor.

New York's 500-foot rule (Alcoholic Beverage Control Law, section 64) bars a new full liquor license for on-site drinking within 500 feet of three or more places that already hold one, unless the State Liquor Authority finds at a hearing that it is in the public interest. In the part of Midtown South Leasemark covers, 220 of the 220 places with a full liquor license (100%) have three or more others within 500 feet, so almost any new full liquor license here would need that hearing. A beer and wine license is not subject to the rule and does not count toward it. Distances here are between map points, so check the exact address before you sign a lease.

Owners registered 899 ground- and second-floor storefronts in the part of Midtown South Leasemark covers for the end of 2025, and 107 of them (11.9%) stood vacant on December 31, 2025, against 9.2% citywide and 12.7% here a year earlier. The most storefronts are on Fifth Avenue (104) and Madison Avenue (76). A vacant storefront is not always on the market: some are being renovated, held empty or already leased to a tenant who has not moved in.

Owners of 30 of the 135 large buildings Leasemark tracks in Midtown South with registered storefronts reported at least one vacant on December 31, 2025, 14 of them at 3 or more year ends in a row. The most vacant: 856 Avenue of the Americas (4 of 20 storefronts), 2 Park Avenue (3 of 10 storefronts) and 29th Street Towers, 214 West 29th Street (3 of 3 storefronts). Each building's page shows its filings by year. A vacant storefront is not always on the market: some are being renovated, held empty or already leased to a tenant who has not moved in.

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.

Yes, for larger leases. Midtown South 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.

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