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

  • Average asking rent: $92/sqft/yr.
  • Tier: prime.
  • Citywide Class A rent context: $102/sqft/yr ($102 USD).
  • Citywide vacancy: 17.4% — submarket-level availability is typically tighter at prime tier.

Midtown South, New York office rents and availability

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

TL;DR

  • Average asking rent: $92/sqft/yr.
  • Tier: prime.
  • Citywide Class A rent context: $102/sqft/yr ($102 USD).
  • Citywide vacancy: 17.4% — submarket-level availability is typically tighter at prime tier.

Where rent sits

Midtown South averages around $92/sqft/yr for Class A, against a citywide Class A index of 102. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Tech and creative class HQs north of 14th, south of 34th. Public and late-stage tech, advertising and PR, creative agencies, professional services satellites.

Key facts

cityNew York
submarketMidtown South
tierprime
averageRentLocal$92/sqft/yr
cityClassARentUsd$102/sqft/yr
cityVacancyPct17.4%

Frequently asked questions

What is the average Class A rent in Midtown South, New York?
Around $92/sqft/yr. The citywide Class A index sits at $102/sqft/yr.

Related

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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