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 — alongside the major towers ringing Herald Square. Larger blocks are limited.
Rent posture
A central Midtown value: asking rents sit below the Midtown average, with flexibility on smaller floors. (Current market data, Q2 2026.)
Office inventory
8,855,710 SF of office space across 57 office buildings — 37 of them 50,000 SF or larger, averaging a 1918 vintage.
Small (<50k)
20 buildings, 513,743 SF total, averaging a 1918 vintage.
The floor of the market — single-tenant or partial-floor space.
Mid-Size (50k-150k)
24 buildings, 2,156,890 SF total, averaging a 1915 vintage.
Room to grow — typically several floors for one tenant.
Large (150k-500k)
10 buildings, 2,131,916 SF total, averaging a 1917 vintage.
Anchor scale — often most or all of a building.
Trophy (>=500k)
3 buildings, 4,053,161 SF total, averaging a 1943 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 · Current market data, Q2 2026, shown at the district level — no submarket-specific series is published at this granularity.
Questions
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.
Does DLS represent tenants in Korea Town?
Yes. DLS Commercial Real Estate advises office tenants across Korea Town and Manhattan's other office submarkets — the tenant's interests only, with a fee customarily paid by the landlord.
