Office space in Murray Hill.
At a glance
Building stock
A mix of prewar loft and office towers, mid-century blocks, and residential conversions — efficient, modest-to-mid floorplates. The stock favors smaller and midsize requirements.
Rent posture
A Midtown East value: asking rents sit below the Grand Central and Plaza markets, with negotiable terms across a deep base.
Office inventory
7,239,137 SF of office space across 43 office buildings — 29 of them 50,000 SF or larger, averaging a 1935 vintage.
Under 50,000 SF
14 buildings, 351,203 SF total, averaging a 1917 vintage.
50,000 to 150,000 SF
16 buildings, 1,367,361 SF total, averaging a 1923 vintage.
150,000 to 500,000 SF
9 buildings, 2,752,572 SF total, averaging a 1937 vintage.
500,000 SF and larger
4 buildings, 2,768,001 SF total, averaging a 1975 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 three published market reports, second quarter 2026. They range from $61 to $73. Class A from the two reports that publish it. Outliers exist in every submarket. In Murray Hill, office space can be found in the $40s per square foot, and prime space above $100.
Questions
What does office space cost in Murray Hill?
In the second quarter of 2026, office space in Murray Hill averaged $65 per square foot a year in asking rent, the median of three 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 Murray Hill?
Murray Hill is a value-priced Midtown East office market east of Park Avenue, from 23rd to 40th Street. Prewar and mid-century space is leased by professional, healthcare, and nonprofit tenants near Grand Central. DLS Commercial Real Estate represents tenants here, negotiating central space and terms below the trophy cores.
