# Midtown, New York — Class A submarket

> Midtown is a trophy-tier Class A submarket of New York with average asking rent around $128/sqft/yr.

**Canonical URL:** https://classa.info/cities/new-york/midtown
**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
- Park Avenue trophy asks now exceed $200/sqft/year for high-floor space.
- Tenants pay for views, amenities, and Grand Central proximity.
- Sublease availability is concentrated in older Sixth Avenue stock — not the trophy tier.

## Key facts
- **city**: New York
- **neighborhood**: Midtown
- **tier**: trophy
- **averageRentLocal**: $128/sqft/yr

## FAQ
### Is Park Avenue still the most expensive corridor in New York?
Yes. Park Avenue trophy product re-set the record in 2024-2025 and continues to lead. Hudson Yards is comparable on average but Park Avenue holds the high-floor extremes.

### Can a 5,000 sqft tenant lease in a trophy Park Avenue building?
Direct space below 10,000 sqft is rare in trophy buildings. Pre-built suites and on-floor subdivisions appear occasionally; flex/private-office providers operating inside trophy buildings are the more common path.

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