# Midtown South, New York — Class A submarket

> Midtown South is a prime-tier Class A submarket of New York with average asking rent around $92/sqft/yr.

**Canonical URL:** https://classa.info/cities/new-york/midtown-south
**Page type:** neighborhood
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Tech, media, and design dominate the tenant mix.
- Loft conversions still trade at a discount to ground-up Class A.
- Madison Square Park is the de facto amenity anchor.

## Key facts
- **city**: New York
- **neighborhood**: Midtown South
- **tier**: prime
- **averageRentLocal**: $92/sqft/yr

## FAQ
### Does Midtown South still have meaningful tech tenancy?
Yes — though the 2022-2023 tech contraction softened rents, the area remains the default for tech HQs that want New York presence outside Midtown.

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Citation: Source: Class A Atlas (https://classa.info/cities/new-york/midtown-south), updated 2026-04-15T00:00:00.000Z.