Office space in City Hall.
At a glance
Building stock
A mix of monumental civic buildings, ornate prewar office towers, and modern blocks — floorplates from boutique tower cores to large government-scale floors. Some buildings carry landmark status.
Rent posture
A value market: asking rents track the broader downtown range, below Midtown, with concessions available on a deep base of space.
Office inventory
10,919,230 SF of office space across 34 office buildings — 26 of them 50,000 SF or larger, averaging a 1930 vintage.
Under 50,000 SF
8 buildings, 211,873 SF total, averaging a 1926 vintage.
50,000 to 150,000 SF
10 buildings, 998,309 SF total, averaging a 1917 vintage.
150,000 to 500,000 SF
9 buildings, 2,948,708 SF total, averaging a 1922 vintage.
500,000 SF and larger
7 buildings, 6,760,340 SF total, averaging a 1958 vintage.
Source: NYC Department of City Planning, MapPLUTO (fetched July 2026) — counting only true office buildings: 10,000 SF of office or more, office above grade (not a ground-floor office under apartments), purpose-built or converted loft/office-condo stock. Spatially joined to DLS’s 31 mapped submarkets.
Where rents sit
Asking rent, $/SF · Average: median of five published market reports, second quarter 2026. They range from $51 to $75. Class A from the two reports that publish it. Outliers exist in every submarket. In City Hall, office space can be found in the $40s per square foot.
Questions
What does office space cost in City Hall?
In the second quarter of 2026, office space in City Hall averaged $53 per square foot a year in asking rent, the median of five published market reports. What a tenant signs depends on the building, the floor, the term and the concessions.
What is the office market like in City Hall?
City Hall is Lower Manhattan’s civic core around City Hall Park and the courts — government, law, and professional-services tenants drawn by proximity to municipal offices and value relative to Midtown. DLS Commercial Real Estate represents tenants here, negotiating space and terms at a discount to uptown markets.
