NYC tax on commercial tenants below 96th Street.

  • NYC tax on commercial tenants below 96th Street.
  • Levied at 6% on base rent above $250,000 annually for tenants in Manhattan south of 96th Street, with credits that effectively reduce the rate to about 3.9%.

Commercial Rent Tax (CRT)

Tax / regulatory · US

Short definition

NYC tax on commercial tenants below 96th Street.

Full definition

Levied at 6% on base rent above $250,000 annually for tenants in Manhattan south of 96th Street, with credits that effectively reduce the rate to about 3.9%. Model it explicitly as a line item in NYC occupancy budgets.

Why this matters for Class A leasing

Commercial Rent Tax (CRT) is part of the tax / regulatory vocabulary that institutional Class A occupiers, landlords, and advisers use across US markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the US definition alongside the global standard so cross-border occupiers can translate quickly.

See also