Office space in Union Square.
At a glance
Building stock
Prewar loft and office towers — high ceilings, large windows, efficient floorplates — repositioned for modern tenants, with select new development. Prime space is competitive.
Rent posture
A strong Midtown South market: prime loft space leads the local range, with the broader district near the Midtown South average. (Current market data, Q2 2026.)
Office inventory
6,875,337 SF of office space across 86 office buildings — 44 of them 50,000 SF or larger, averaging a 1905 vintage.
Small (<50k)
42 buildings, 1,136,993 SF total, averaging a 1899 vintage.
The floor of the market — single-tenant or partial-floor space.
Mid-Size (50k-150k)
29 buildings, 2,449,830 SF total, averaging a 1906 vintage.
Room to grow — typically several floors for one tenant.
Large (150k-500k)
15 buildings, 3,288,514 SF total, averaging a 1903 vintage.
Anchor scale — often most or all of a building.
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 Union Square?
Union Square is a leading Midtown South technology and creative office market — prewar lofts around the park where 14th Street meets Broadway, at the heart of Silicon Alley. DLS Commercial Real Estate represents tenants here, negotiating loft space, transit, and terms in a competitive market.
Does DLS represent tenants in Union Square?
Yes. DLS Commercial Real Estate advises office tenants across Union Square and Manhattan's other office submarkets — the tenant's interests only, with a fee customarily paid by the landlord.
