Office space in Herald Square.
At a glance
Building stock
The Empire State Building at the center, surrounded by early 20th century loft and office towers on Broadway and the side streets. Floors run from small loft floors to full Empire State Building floors.
Rent posture
A central Midtown value: modernized Empire State Building floors lead the local range, with loft space on the side streets below the Midtown average.
Office inventory
6,325,410 SF of office space across 32 office buildings — 25 of them 50,000 SF or larger, averaging a 1917 vintage.
Small (<50k)
7 buildings, 193,618 SF total, averaging a 1913 vintage.
The floor of the market — single-tenant or partial-floor space.
Mid-Size (50k-150k)
16 buildings, 1,318,902 SF total, averaging a 1916 vintage.
Room to grow — typically several floors for one tenant.
Large (150k-500k)
8 buildings, 2,127,407 SF total, averaging a 1918 vintage.
Anchor scale — often most or all of a building.
Trophy (>=500k)
1 building, 2,685,483 SF total, averaging a 1931 vintage.
Headquarters scale — the market's largest occupiers.
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 · No published report breaks out Herald Square. The figures are for Penn Plaza and Garment District: the average is the median across five published market reports, second quarter 2026, which range from $52 to $64. Class A from the two reports that publish it. Request a shortlist for current asking rents in Herald Square itself.
Questions
What is the office market like in Herald Square?
Herald Square is the office district around Macy’s and the Empire State Building at 34th Street, with modernized prewar floors and deep transit for tenants of every size. DLS Commercial Real Estate represents tenants here, negotiating space and terms in central Midtown.
Does DLS represent tenants in Herald Square?
Yes. DLS Commercial Real Estate advises office tenants across Herald Square and Manhattan's other office submarkets — the tenant's interests only, with a fee customarily paid by the landlord.
