Commercial Lease – 31 E 17th Street, New York, NY 10003
Asking Rent: $15,000/month
Size: 5,000 SF
Lease Type: Office
Property Type: Full-Floor Office Space
Location: Union Square / Flatiron District (10003)
Availability: Immediate
Property Overview
31 E 17th Street offers 5,000 SF of prime office space in the heart of Union Square, steps from Flatiron and Gramercy. With a large open floor plate, high ceilings, and excellent natural light, the space is ideally suited for creative offices, tech firms, professional services, or collaborative work environments.
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Key Features
- Total Size: ≈ 5,000 SF
- Asking Rent: $15,000/month
- Annualized Rent: ≈ $180,000
- Effective Rent per SF: ≈ $36/SF annually
- Configuration: Full-floor layout with flexible partitioning potential
- Frontage: Elevator building with professional lobby presence
- Potential Uses: Tech office, co-working, creative studio, law/finance firm
Lease & Terms
- Base Rent: $15,000/month (~$36/SF/YR)
- Term: Negotiable (long-term preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, janitorial, and proportionate RE tax obligations typical for office leases
Market Profile
- Location Advantage: Steps from Union Square, Flatiron, and Gramercy—high foot traffic and prime visibility.
- Transit Access: Immediate access to Union Square subway hub (N/Q/R/W, 4/5/6, L).
- Neighborhood Demand: Strong from tech firms, startups, creative agencies, and professional offices.
- Competitive Advantage: Rare 5,000 SF full-floor availability in Union Square with below-market effective rent.
Summary
The 5,000 SF office space at 31 E 17th Street, New York, NY 10003 is offered at $15,000/month (~$36/SF annually). With its Union Square location, full-floor presence, and excellent transit access, this property is a compelling opportunity for tenants seeking office space in one of Manhattan’s most dynamic business districts.
