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Times Square Submarket — New York City

Times Square submarket of New York City: 16 tracked properties, 10,194,700 SF of inventory and 2,366,500 SF available.

16Listings
2,366,500 SFAvailable space
10,194,700 SFTotal inventory
$91.61/SFAvg asking rent
121,200 SFMedian suite
792 E 42nd StNew York, NY · Office · Class A121,200 SF available$87.31 – $106.29/SF/yr FS
Summit PointNew York, NY · Office · Class C700 SF available$63.73 – $77.58/SF/yr FS
Alamo CenterNew York, NY · Office · Class A148,400 SF available$91.60 – $111.51/SF/yr FS
Pecos ParkNew York, NY · Office · Class B135,000 SF available$72.89 – $88.73/SF/yr FS
1372 Madison AveNew York, NY · Office · Class A28,300 SF available$90.16 – $109.76/SF/yr FS
Colorado GatewayNew York, NY · Office · Class B173,400 SF available$79.83 – $97.19/SF/yr FS
Granite CenterNew York, NY · Office · Class A1,653,300 SF available$87.34 – $106.32/SF/yr FS
750 BroadwayNew York, NY · Office · Class A1,629,800 SF$84.36 – $102.70/SF/yr FS
Metro ParkNew York, NY · Office · Class A224,400 SF$80.14 – $97.56/SF/yr FS
1001 W 52nd StNew York, NY · Office · Class A29,100 SF available$97.60 – $118.82/SF/yr FS
458 W 23rd StNew York, NY · Office · Class C71,500 SF available$70.74 – $86.12/SF/yr FS
Capital TowerNew York, NY · Office · Class B5,600 SF available$71.73 – $87.33/SF/yr FS

16 commercial properties are tracked in the Times Square submarket, representing 10,194,700 SF of rentable building area, of which 2,366,500 SF is currently marketed as available.

Asking rents average $91.61 per square foot per year, the median marketed suite is 121,200 SF, and listings have been on market a median of 720 days.

The stock splits 11 Class A, 3 Class B, 2 Class C, with construction dates from 1905 to 2017 (median 1974).

Other New York City submarkets

ChelseaColumbus CircleFinancial DistrictFlatiron / Union SquareGramercyGrand CentralHudson YardsMurray HillPenn Plaza / GarmentPlaza DistrictTribeca / SoHoUpper East SideUpper West Side

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Frequently asked questions

What is the average asking rent for commercial space in Times Square, NY?

Across the 16 commercial listings published in Times Square, NY, asking rents average $91.61 per square foot per year, quoted on a FS basis.

How much commercial space is available in Times Square, NY?

2,366,500 SF is currently marketed across 10 buildings, out of 10,194,700 SF of total inventory.

What is the commercial vacancy rate in the New York City market?

The New York City commercial market is running 21.1% vacancy with year-over-year asking rent growth of 4.9%.

Which submarkets have the most commercial space in Times Square, NY?

Times Square (16 properties).

What cap rates are commercial assets trading at in Times Square, NY?

Listed commercial assets in Times Square, NY show an average asking cap rate of 6.97%. Closed sale comparables are available in RealStar's Sales module.

Which brokerages are most active in Times Square, NY?

Northgate Commercial (2 listings), Atlas Property Group (2 listings), Cornerstone Brokerage (1 listing), Harbor & Vale (1 listing), Trinity Commercial Group (1 listing). See the full Times Square, NY broker directory.

How do I list a commercial property in Times Square, NY?

Publish it from RealStar in a few minutes. Basic listings are free; Silver, Gold, Platinum and Diamond packages lift the listing above free inventory and add media, syndication and lead reporting. Compare advertising packages.