Office space in Korea Town.
At a glance
Building stock
Early-20th-century loft and office towers with modest-to-mid floorplates, mixed condition, and strong retail bases, a short walk from the larger towers of Herald Square. Larger blocks are limited.
Rent posture
A central Midtown value: asking rents sit below the Midtown average, with flexibility on smaller floors.
Office inventory
4,838,495 SF of office space across 45 office buildings — 28 of them 50,000 SF or larger, averaging a 1916 vintage.
Under 50,000 SF
17 buildings, 414,145 SF total, averaging a 1920 vintage.
50,000 to 150,000 SF
19 buildings, 1,672,222 SF total, averaging a 1914 vintage.
150,000 to 500,000 SF
7 buildings, 1,384,450 SF total, averaging a 1914 vintage.
500,000 SF and larger
2 buildings, 1,367,678 SF total, averaging a 1948 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 · No published report breaks out Korea Town. 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. Outliers exist in every submarket. In Korea Town, office space can be found in the $40s per square foot, and prime space above $100. Request a shortlist for current asking rents in Korea Town itself.
Questions
What does office space cost in Korea Town?
In the second quarter of 2026, office space in the Penn Plaza and Garment District area, where Korea Town sits, averaged $61 per square foot a year in asking rent, the median of 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 Korea Town?
Koreatown is a compact office market around West 32nd Street near Herald Square and the Empire State Building — loft towers above a dense retail corridor, leased by small and midsize professional and creative tenants. DLS Commercial Real Estate represents tenants here, negotiating central-Midtown space at accessible rents.
