Office space in
Times Square.
One of Manhattan’s 31 office submarkets — advised by DLS Commercial Real Estate, tenant-side, lease by lease.
Times Square is the office district at the crossroads of the world — the large Class A towers around the Broadway theater district, where Seventh Avenue meets Broadway in the West 40s. Its big, efficient floorplates and transit access draw media, law, and corporate tenants to one of the city’s busiest cores. DLS Commercial Real Estate advises tenants here, tenant-side, lease by lease.
At a glance
Character
The bow-tie where Broadway crosses Seventh Avenue in the West 40s — the bright, crowded heart of the theater district, ringed by some of Midtown’s largest modern office towers.
Typical tenant
Media and entertainment companies, law firms, and large corporate occupiers — tenants that need big, efficient floorplates and central transit, and that value signage and visibility.
Building stock
Predominantly large modern Class A towers from the district’s 1990s–2000s redevelopment — very large, efficient floorplates and high-capacity infrastructure — alongside some older stock. Built for scale.
Rent posture
Around the Midtown average: large efficient towers price competitively for their size, below the trophy markets to the east, with room to negotiate on big blocks. (Current market data, Q1 2026.)
A DLS datapoint
Illustrative — DLS stamps one original, first-hand figure here (e.g. the per-seat efficiency measured across recent Times Square large-floorplate tours).
Deal footprint
Illustrative — an anonymized DLS engagement in the district goes here (e.g. a media tenant’s large-floorplate relocation negotiated on improved terms).
Office inventory
38,323,953 SF of office space across 59 office buildings — 48 of them 50,000 SF or larger, averaging a 1959 vintage.
Small (<50k)
11 buildings, 354,478 SF total, averaging a 1920 vintage.
The floor of the market — single-tenant or partial-floor space.
Mid-Size (50k-150k)
8 buildings, 768,482 SF total, averaging a 1926 vintage.
Room to grow — typically several floors for one tenant.
Large (150k-500k)
11 buildings, 3,244,091 SF total, averaging a 1934 vintage.
Anchor scale — often most or all of a building.
Trophy (>=500k)
29 buildings, 33,956,902 SF total, averaging a 1977 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, Q1 2026 — consistent across sources.
Questions
What is the office market like in Times Square?
Times Square is a large-floorplate office district at the Broadway theater crossroads in the West 40s — modern Class A towers leased by media, law, and corporate tenants who need scale and transit. DLS Commercial Real Estate represents tenants here, negotiating space, efficiency, and terms against a competitive Midtown market.
Does DLS represent tenants in Times Square?
Yes. DLS Commercial Real Estate advises office tenants across Times Square and Manhattan's other office submarkets — the tenant's interests only, with a fee customarily paid by the landlord.