Office Lease – 12 East 32nd Street, New York, NY 10016
Asking Rent: $7,000/month
Lease Type: Commercial – Office / Creative Loft
Property Type: Full-Floor Office Space
Location: Midtown South / NoMad Corridor (10016)
Availability: Immediate
Property Overview
12 East 32nd Street offers a 2,500 SF full-floor office suite in the heart of Midtown South’s NoMad district, one of Manhattan’s fastest-growing creative and tech hubs. Featuring an efficient open floor plan, flexible private office layouts, and strong access to commuter transit, this space is ideal for startups, professional services, design/creative firms, or boutique medical practices.
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Positioned between Madison Avenue and Park Avenue South, the property benefits from steady daytime foot traffic, a thriving dining/amenities scene, and direct access to Penn Station, Grand Central, and multiple subway lines.
Key Features
- Total Size: ≈ 2,500 SF
- Asking Rent: $7,000/month
- Annualized Rent: ≈ $84,000
- Effective Rent per SF: ≈ $34/SF annually
- Configuration: Open-plan loft layout with potential for private offices, conference rooms, and reception
- Ceiling Height: Loft-style ceilings (approx. 11–12 ft)
- Light/Exposure: Good natural light with mid-block windows
- Potential Uses: Office, showroom, design studio, medical/professional services
Lease & Terms
- Base Rent: $7,000/month (~$34/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; standard tenant financials required
- Tenant Responsibilities: Utilities, proportionate share of real estate taxes, and cleaning
Market Profile
- Location Advantage: Situated in NoMad/Midtown South, near Koreatown and Madison Square, surrounded by a mix of creative firms, hospitality, and professional services.
- Transit Access: Steps to 33rd Street (6), Herald Square (B/D/F/M, N/Q/R/W), Penn Station (1/2/3, LIRR, NJ Transit, Amtrak), and short walk to Grand Central.
- Neighborhood Demand: Strong from tech startups, creative firms, boutique law practices, and medical/professional tenants.
- Competitive Advantage: Affordable $34/SF office loft space in a Midtown South corridor known for attracting fast-growing firms priced out of Flatiron and Hudson Yards.
Summary
The 2,500 SF full-floor office at 12 East 32nd Street, New York, NY 10016 is offered at $7,000/month (~$34/SF annually). With its Midtown South location, open loft configuration, and flexible leasing terms, this property presents an ideal solution for creative firms, professional practices, or boutique office tenants seeking a presence in one of Manhattan’s most dynamic districts.
