TOC / sq ft / yr
Under $60
$60 – $120
$120 – $200
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New York Office Occupancy Costs
Total occupancy cost for Grade A office space in New York (Midtown Manhattan) is $174.67 per sq ft ($1880 per sq m) per year. Office rent is $83.88 per sq ft ($903 per sq m). The total includes rent, service charge, business rates, fit-out, facilities management, utilities and exit costs.
| Submarket | Rent / sq ft | Rent / sq m | Total cost / sq ft | Total cost / sq m |
|---|---|---|---|---|
| Downtown/FiDi | $45.27 | $487 | $130.51 | $1405 |
| Hudson Yards/West Side | $110.64 | $1191 | $208.59 | $2245 |
| Midtown Manhattan | $83.88 | $903 | $174.67 | $1880 |
| Midtown South | $85.02 | $915 | $176.48 | $1900 |