Cost of Office Space in the Empire State Building: Fast-Track Guide to Understanding Office Costs

The cost of office space in the Empire State Building varies based on several factors, such as floor location, unit size, lease terms, and the build-out condition of the space. As of early 2024, asking rents typically range from $60 to $80 per square foot annually, with premier floors and recently renovated suites commanding prices at the higher end or even exceeding this range. Class-A amenities, a world-famous Midtown address, and unmatched city views make the Empire State Building a highly coveted commercial location. Additional occupancy costs—such as common area maintenance, utilities, and taxes—can also apply, so tenants should budget carefully when exploring lease agreements. Typical office sizes start as small as 2,000 square feet and can extend to full-floor options of more than 30,000 square feet, making the skyscraper suitable for both startups and established corporations.

As a designer and workspace planner, I always advise maximizing every square foot, especially in premium environments like the Empire State Building. For businesses aiming to create an inspiring and highly functional workspace within such an iconic setting, a specialized office layout planner can help you visualize, optimize, and plan your office interior with precision before committing to a lease.

Tips 1:

When budgeting for office space here, consider not only the rent but also the value that historic prestige, proximity to major transit, and on-site amenities can bring to your team and clients. Flexible layout design is key—using modular furniture, open-plan zones, or hybrid meeting areas can ensure your office remains agile as your team evolves.

FAQ

Q: What is the average cost per square foot for office space in the Empire State Building?

A: Average asking rents range from $60 to $80 per square foot annually, but can be higher for premium spaces or better views.

Q: Are there smaller office suites available, or only large-floor options?

A: Yes, spaces as small as 2,000 square feet are available, in addition to full-floor and custom-built suites.

Q: What additional costs should tenants consider?

A: Common additional costs include maintenance fees, utilities, real estate taxes, and insurance, which can significantly impact total occupancy expenses.

Q: Is the Empire State Building suitable for tech startups as well as corporations?

A: Yes, the building attracts a diverse mix of tenants, from startups to Fortune 500 companies, due to its amenities, location, and flexible office types.

Q: Can I visualize my future office layout before leasing?

A: Absolutely; using an office layout planner can help you map out and optimize your ideal workspace before making leasing decisions.