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New York Office Space for Sale
Office Space For Sale in New York
New York City stands as a major center for finance, technology, and culture, hosting a wide and active real estate market. This market is especially appealing for CRE investing. Office space for lease is a key focus for investors looking to benefit from the city's economic activity and professional environment. The city's infrastructure, highlighted by its top-tier public transportation, supports a vast network of businesses and services, making office spaces in high demand. Its renowned educational institutions supply a constant influx of talent and draw in international professionals, creating a diverse and skilled workforce. New York's strategic location also plays a vital role in its global commerce, making office spaces valuable for businesses operating both internationally and domestically.
In New York City, office spaces are plentiful and well-placed to take advantage of the city's comprehensive transportation network, including airports and subway lines, ensuring easy access for both employees and clients. This connectivity, along with the city's role as a financial and tech center, places office spaces at the center of economic activities. The real estate market also includes various other property types. Apartment buildings provide residential options in a city where space is highly sought after, serving the needs of a diverse population looking for urban living. Shopping centers and hotels thrive on New York's strong tourism and retail industries, attracting both international tourists and locals. Investors setting up a1031 exchange have the opportunity to select from a variety of properties, from commercial to residential, to meet their investment goals. These property types together create a well-rounded real estate market that reflects New York City's complex economy and active urban lifestyle.
Learn About Office Space For Sale in New York
How many Office Space listings are available for sale in New York?
There are 498 listings of Office Space available for sale in New York.
What factors should I consider when searching for an Office Space in New York?
When searching for an office space in New York, you should consider the average size, price per square foot, and the property's potential for meeting your specific business needs.
- New York's average office space size is 18,112 SF which is considerable and could suit a range of business sizes and configurations.
How much does it cost to buy an Office Space in New York?
The cost of buying office space in New York can widely vary, but on average, the price per square foot is $711.
What is the largest Office Space available to buy in New York?
The largest office space available for purchase in New York offers an expansive floor area of 443,248 SF.
Why is New York an ideal location for Office Space?
New York's position as a global city with a significant impact on various sectors including commerce, technology, and education makes it a prime choice for office space.
- New York is a vital commercial hub, housing many Fortune 500 corporations and two of the world's largest stock exchanges.
- The city’s influence on sectors like technology, research, and education make it a hotspot for diverse businesses.
- With 498 listings of office space, the options are vast, making it easier for businesses to find a suitable location to thrive in the city's dynamic environment.
What is the cap rate for office space in New York?
The average cap rate for office space in New York is 6.24%, while some prime offerings reach a maximum cap rate of 10.79%.
Size Summary For New York Office Space
| Office Space Size | Square Feet |
|---|---|
| Maximum | 443,248 SF |
| Average | 18,112 SF |
| Minimum | 481 SF |
Cap Rate for New York Office Space
| Office Space Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 10.79% |
| Average | 6.24% |
| Minimum | 2.8% |
Prices for New York Office Space
| Office Space Price | Price Per SF |
|---|---|
| Maximum | $3,394 Per SF |
| Average | $711 Per SF |
| Minimum | $0 Per SF |
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