Office

Commercial Office Space for Lease – 940 Third Avenue, New York, NY 10022

Asking Rent: $7,500 / Month
Size: 1,400 SF
Price per SF: ~$64 / SF annually
Property Type: Office / Professional / Creative Workspace
Status: Active

Property Overview

940 Third Avenue offers approximately 1,400 SF of office space in the heart of Midtown East, one of Manhattan’s most established business districts. Located along the Third Avenue corridor near major corporate offices and retail amenities, the property provides a convenient and professional setting for a wide range of office users.

Key Features

• Total Size: 1,400 SF
• Asking Rent: $7,500/month ($90,000 annually)
• Price per SF: ~$64 annually
• Use Flexibility: Suitable for professional offices, consulting firms, design or creative studios, medical/administrative use, or boutique corporate headquarters
• Layout: Efficient floor plan with potential for open workspace, private offices, and conference room configuration
• Condition: Delivered ready for tenant improvements or light customization

Market Profile

• Target Tenants: Professional service firms, finance or legal users, consulting companies, tech startups, and creative agencies
• Neighborhood Demand: Midtown East remains a strong office submarket due to proximity to major transit hubs, corporate headquarters, and dining/retail corridors
• Competitive Advantage: At approximately $64/SF, this space offers strong value compared to higher-priced Class A Midtown office buildings

Location Advantages

• Neighborhood: Midtown East
• Proximity: Grand Central Terminal, Rockefeller Center, United Nations, and Fifth Avenue
• Transit: Served by 4, 5, 6, E, M, N, R, and W subway lines nearby
• Amenities: Surrounded by restaurants, cafés, hotels, and business services

Summary

The 1,400 SF office space at 940 Third Avenue presents a solid leasing opportunity at $7,500/month (~$64/SF annually) in the Midtown East corridor. With flexible layout potential, excellent transit access, and competitive pricing, this property is well suited for professional users seeking a centrally located Manhattan office.