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How Much Does It Cost to Rent a Business Space?

A business person looking at office space
December 24, 2018

How Much Does It Cost to Rent a Business Space?

 

Whether you are looking to transition from a large corporate office or move out of a home office into something more professional, many people are looking to rent office space on a temporary or short-term basis right now. However, the big question that always comes up is “how much does it cost to rent a business space?” and which types of spaces are best for your business.

 

In this FAQ section, we’re addressing these questions to help you find the ideal work environment for your current and future operations.

 

Types of Business Spaces for Rent

 

There are many options available to businesses today, including gross leases, net leases, absolute leases, and percentage leases. Also, office buildings are often ranked in tiers (Class A, B, and C) to distinguish the most prestigious buildings from ones that have below-average rental prices. Meanwhile, the types of office spaces available include traditional spaces with various types of rooms, open-floor-plan creative spaces, coworking spaces, executive suites, flexible space, temporary space, and meeting rooms for rent.

 

NYC Office Suites Pricing

 

We offer highly competitive rates to our business customers, including private, full-time office space starting at $595 per month, largely inclusive. Our pricing is also very competitive if you only need to use an office on a temporary or occasional basis. Meanwhile, if you only need to rent meeting room from time to time, we offer meeting room pricing starting at $42 per hour as part of a package or $69 per hour on demand. For the most accurate pricing based on what you need and to book a tour of the space, please contact us.

 

Features of Our Rented Business Spaces

 

What’s great about rented business spaces from NYC Office is how many features and perks you can enjoy while occupying the space. For example, our office spaces include executive-style furnishings, plug and play telecommunication and largely inclusive pricing that includes things like pantry items and copies. With our convenient Midtown Manhattan locations, you can also have access to our professional administrative staff, technology team, and great spaces to host your events.

 

Rental Locations in New York City

 

At NYC Office Suites, we are proud to offer business spaces for rent in six prestigious New York City locations. If you’re looking for business space to rent, we can assist you in the following buildings:

  • Rockefeller Center, 1270 Avenue of the Americas
  • Grand Center, Graybar Building
  • Citigroup Center, 601 Lexington Avenue
  • Grand Central, 733 3rd Avenue
  • Love Building, 1350 Avenue of the Americas
  • 10 Grand Central, 155 East 44th Street

 

Benefits of Renting a Flexible Business Space

 

If you’re in a time of transition, not wanting to commit to buying property, or just looking to cut costs as you grow your business, temporary office space in Manhattan is the way to go.  As you may have guessed, office space in New York City is considerably more expensive than most other places in the country. According to research data, the average rent for a single square foot of traditional office space in NYC is between $75 and $84. That means you may only get about 811 square feet of space for $5,000 a month, which isn’t enough for many growing and successful companies.

 

However, renting flexible office space from NYC Office Suites can save you time and money. We offer contract terms with as little as a three-month commitment, and we have some great office space configurations to choose from to adopt this temporary space as your own. With one of our spaces, you don’t have to worry about paying for utilities, repairs, build-out fees, or any fine print. Instead, you can feel confident that you are getting the best possible price for your rental business space and even save up for the next phase of your business’ growth.

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