Office space in Flatiron District.
At a glance
Building stock
Predominantly prewar masonry lofts — high ceilings, large windows, ornamented facades — with Class A- and boutique conversions among them. Floorplates suit open, collaborative layouts rather than rigid corporate cores.
Rent posture
Below trophy Midtown, but commanding a clear premium for character and location — prime loft space leads the Midtown South range, with the broader district more accessible.
Office inventory
8,895,133 SF of office space across 82 office buildings — 46 of them 50,000 SF or larger, averaging a 1912 vintage.
Under 50,000 SF
36 buildings, 896,894 SF total, averaging a 1900 vintage.
50,000 to 150,000 SF
30 buildings, 2,564,272 SF total, averaging a 1909 vintage.
150,000 to 500,000 SF
13 buildings, 3,136,100 SF total, averaging a 1912 vintage.
500,000 SF and larger
3 buildings, 2,297,867 SF total, averaging a 1937 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 $69 to $89. Class A from the two reports that publish it. Outliers exist in every submarket. In the Flatiron District, office space can be found in the $40s per square foot, and prime space above $100.
Questions
What does office space cost in the Flatiron District?
In the second quarter of 2026, office space in the Flatiron District averaged $74 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 Flatiron District?
The Flatiron District sits in the heart of Midtown South — a landmark prewar office market around the Flatiron Building and Madison Square Park, leased heavily by technology, media, and creative firms drawn to its loft character. DLS Commercial Real Estate represents tenants here, negotiating space, character, and terms against a competitive market.
