Office space in
Union Square.
One of Manhattan’s 31 office submarkets — advised by DLS Commercial Real Estate, tenant-side, lease by lease.
Union Square is one of Midtown South’s strongest technology and creative office markets — the prewar loft blocks around the park where 14th Street meets Broadway and Park Avenue South. A transit hub at the heart of “Silicon Alley,” it draws technology, media, and consumer firms. DLS Commercial Real Estate advises tenants here, tenant-side, lease by lease.
At a glance
Character
The lively crossroads around Union Square Park where the Village, Flatiron, and Gramercy meet — prewar lofts, flagship retail, and a major transit hub at the historic center of New York tech.
Typical tenant
Technology, media, and consumer firms alongside creative and professional tenants — teams that prize loft floorplates, transit, and a central, energetic Midtown South address.
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, Q1 2026.)
A DLS datapoint
Illustrative — DLS stamps one original, first-hand figure here (e.g. the premium measured for repositioned loft space across recent Union Square tours).
Deal footprint
Illustrative — an anonymized DLS engagement in the district goes here (e.g. a technology tenant’s relocation into loft space on improved terms).
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, Q1 2026 — shown as a range reflecting a spread 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.