Office space in Gramercy Park.
At a glance
Building stock
Prewar loft and office buildings beside residential townhouses — characterful floorplates, good light, boutique scale. Large contiguous blocks are limited.
Rent posture
A boutique Midtown South market: asking rents track the district’s smaller, character-rich space, below the prime loft cores.
Office inventory
1,857,390 SF of office space across 18 office buildings — 12 of them 50,000 SF or larger, averaging a 1916 vintage.
Under 50,000 SF
6 buildings, 159,669 SF total, averaging a 1912 vintage.
50,000 to 150,000 SF
7 buildings, 692,803 SF total, averaging a 1919 vintage.
150,000 to 500,000 SF
5 buildings, 1,004,918 SF total, averaging a 1911 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 four published market reports, second quarter 2026. They range from $72 to $89. Class A from the two reports that publish it. Outliers exist in every submarket. In Gramercy Park, office space can be found in the $40s per square foot, and prime space above $100.
Questions
What does office space cost in Gramercy Park?
In the second quarter of 2026, office space in Gramercy Park averaged $75 per square foot a year in asking rent, the median of four 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 Gramercy Park?
Gramercy Park is a quiet, boutique office district around its private park east of Park Avenue South — prewar lofts leased by smaller professional, design, and creative tenants. DLS Commercial Real Estate represents tenants here, negotiating space, character, and terms in a refined Midtown South pocket.
