# New York Class A office rents and incentives

> Headline Class A rent in New York is around $102/sqft/yr, with 14 months of typical rent-free on a 10-year term.

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

## TL;DR
- Headline Class A rent: $102/sqft/yr.
- Trophy submarket rents (Midtown) push to roughly $128/sqft/yr.
- Typical concessions on a 10-year deal: 14 months free rent.
- Vacancy stands at 17.4% — market trend is rising.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **city**: New York
- **country**: United States
- **region**: Americas
- **classARentLocal**: $102/sqft/yr
- **classARentUsd**: $102/sqft/yr
- **vacancy**: 17.4%
- **typicalLeaseYears**: 10
- **typicalRentFreeMonths**: 14
- **submarkets**: 7
- **primeYieldPct**: 5.6%
- **trophyRent**: $128/sqft/yr
- **primeRent**: $92/sqft/yr

## FAQ
### What is the average Class A rent in New York?
Around $102/sqft/yr across the broader Class A index. Trophy submarkets like Midtown command 20–40% above that.

### How many months of rent-free are normal in New York?
14 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in New York?
The New York Class A market is currently rising. Vacancy is 17.4%, which sets the negotiating context.

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