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.
Office inventory
36,136,721 SF of office space across 55 office buildings — 44 of them 50,000 SF or larger, averaging a 1959 vintage.
Under 50,000 SF
11 buildings, 354,478 SF total, averaging a 1920 vintage.
50,000 to 150,000 SF
7 buildings, 621,834 SF total, averaging a 1927 vintage.
150,000 to 500,000 SF
11 buildings, 3,244,091 SF total, averaging a 1934 vintage.
500,000 SF and larger
26 buildings, 31,916,318 SF total, averaging a 1979 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 four published market reports, second quarter 2026. They range from $74 to $85. Class A from the one report that publishes it. Outliers exist in every submarket. In Times Square, office space can be found in the $40s per square foot, and prime space above $100.
Questions
What does office space cost in Times Square?
In the second quarter of 2026, office space in Times Square averaged $81 per square foot a year in asking rent, the median of four 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 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.
