Office space in Times Square.
At a glance
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, Q2 2026.)
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, Q2 2026 — the average is shown as a range 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.
