---
title: "Commercial Rent Tax (CRT) — Class A Atlas glossary"
description: "NYC tax on commercial tenants below 96th Street."
canonical: https://classa.info/glossary/commercial-rent-tax
pageType: glossary
lastUpdated: 2026-04-01T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> NYC tax on commercial tenants below 96th Street.

## TL;DR

- 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](/glossary/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](/topics/cross-border-expansion) occupiers can translate quickly.

## See also

- [Operating expenses (op-ex)](/glossary/operating-expenses)

---

Citation: Source: Class A Atlas (https://classa.info/glossary/commercial-rent-tax), updated 2026-04-01T00:00:00.000Z.