Office Space for Rent in the Flatiron District: What It Costs and Why It Varies
Office space for rent in the Flatiron District costs very different amounts depending on the building, because two products share the same streets: plain prewar floors with modest lobbies, and finished penthouses over the parks. Our Flatiron hub carries the district's live median and range, and the block on this page shows the lower-priced floors on our book, Flatiron's among them. Landlords quote by the rentable square foot, per year. Nomad sets the floors against each other on total cost, tours the ones inside your budget and negotiates the lease. In most transactions the landlord pays the broker fee.
Rather have a broker answer it for your team?Tell us team size and timing. A broker reaches out within the hour during business hours.
Send me floors in my budgetUpdated 2026-10-03 · Nomad Group
Why one Flatiron building costs far more than the next
Location inside the district explains little of the gap. The building explains most of it.
- Frontage: a corner on Broadway or Fifth Avenue against a mid-block side street.
- Light and outlook: two exposures, a terrace or a view of Madison Square Park, against a floor facing its neighbor.
- Lobby and elevators: a renovated entrance with several cabs, or a modest one with a single cab.
- Finish: a floor delivered built and furnished, or one that still needs the work.
- Ownership: institutions hold the park corners and families hold many of the side-street lofts, and they price and negotiate differently.
Both ends are real Flatiron addresses with the same subway lines. Which one to pay for is a choice to make before the tour.
What the lower-priced Flatiron floors are like
Usually a prewar loft on a side street: good bones, high ceilings, large windows and a lobby nobody photographs. Some are partial floors, some are subleases taken as they stand, and some need a buildout that the landlord helps pay for on a longer term. For most teams this half of the range is the practical one. Above it you are paying for a view, a finish or a frontage.
What you can rent in Flatiron: full floors, suites, furnished floors, subleases
- Full floors, typically 5,000 to 11,000 square feet, with one company on each.
- Partial floors and suites for smaller teams.
- Furnished or prebuilt floors, which can usually be occupied two to four weeks after signing.
- Subleases, shorter and usually cheaper, ending when the original lease does.
The Flatiron guide describes the buildings in more detail.
What Nomad asks you to settle before a Flatiron tour
Because the spread is this wide, we fix the ceiling first. Give us the headcount, the move-in date and a monthly budget, and we turn the budget into a rate. Say a 5,000 square foot floor asks $60: multiply and divide by twelve, and base rent is $25,000 a month. Electricity adds roughly $2 to $4 a square foot a year, and escalations of 2.5 to 3 percent raise the figure annually.
With the band fixed, the tour is three to five floors you could actually sign. Rent per square foot, explained covers the conversion.
The floors below: under 75 dollars a square foot
The live block on this page is a price cut, not a neighborhood cut. It lists floors under that line from across our whole book, so many of them are outside Flatiron, elsewhere in Manhattan. To see only this district, open the Flatiron floors in the 50 to 75 band. The Flatiron floors under 50 have a page of their own, listed with the guides below.
Floors asking under $75 per square foot
Live from our listings · 6 of the 23, cheapest first23 of the 46 floors with a published rent ask under $75 per square foot per year, from 2,500 to 27,344 square feet.
- Floors
- 23
- Sizes
- 2,500-27,344 sq ft
- Asking rent
- $43-$72 / sq ft
- 137 East 25th Street, 6th Floor 8,308 sq ft $43/sq ft Flatiron about 47 people
- 213 West 35th Street, 10th Floor 5,250 sq ft $50/sq ft Penn Plaza about 30 people
- 276 Fifth Avenue, 9th Floor 5,500 sq ft $52/sq ft Flatiron about 31 people
- 29 West 17th Street, Partial 7th Floor 2,500 sq ft $60/sq ft Union Square about 14 people
- 32 Old Slip, Partial 32nd Floor 6,997 sq ft $64/sq ft FiDi about 40 people
- 54 West 21st Street, Partial 4th Floor 3,960 sq ft $72/sq ft Flatiron about 23 people
The full guide
This page is the short answer. The long one, with the numbers worked through, is here:
Related topics
- What the Flatiron District Is, for a Company Choosing an Office
- Office Space for Startups in Flatiron: The First Floor of Your Own
- Flatiron District Office Space, Sized for a Company That Is Still Hiring
- Dedicated Office Space in FiDi: A Floor of Your Own, Not Shared Desks
Is Flatiron more expensive than other Manhattan office districts?
It depends which floor you mean. A penthouse over the park and a side-street loft are priced far apart, so one district average says little about either. The Flatiron hub prints the current range and median and sets the median against our citywide figure. Read the range first.
Will a Flatiron landlord lower the asking rent?
Rarely by much. The printed number sets the comparables for the whole building, so owners defend it and give elsewhere: about a month of free rent for each year of the lease is customary, and the improvement allowance grows with the term. Compare offers on what the whole term costs. How to negotiate an office lease explains where the room is.
What does a Flatiron tenant pay on top of the quoted rate?
Electricity, annual escalations, a security deposit or a letter of credit at signing, furniture and cabling if the floor is not furnished, and any buildout cost above the landlord's allowance. A floor that looks cheaper per square foot can cost more once those are added, so we price each shortlisted floor in full.
Do cheaper Flatiron floors mean a worse commute?
No. The lower-priced lofts are on the same blocks as the expensive ones, a few minutes from 23rd Street or Union Square. The difference is the building, not the distance to the train.
Talk to a broker
Want this answered for your team?
Tell us three things: team size, timing, budget. A first shortlist can be ready within 24 hours, with the asking rent on every floor that publishes one.
- Within the houra broker reaches out during business hours, no automated triage
- On your sidewe work for you on your search, and the landlord usually pays our fee
- Open pricingasking rent published for 46 of 49 floors, size and address for all
- 300+ officesdelivered in New York, 2M+ sq ft leased
Or call 646-688-3158
