Private Office for Lease in NYC: What It Really Costs Each Month
A private office for lease in New York is priced in dollars per rentable square foot per year, not per month. To find the monthly rent, multiply that rate by the square feet and divide by twelve. Then add what the rate leaves out: power, at something like $2 to $4 for every square foot over a year; a yearly step-up in rent of 2.5 to 3 percent; a security deposit; and furniture and cabling when the space is not furnished. The block on this page shows floors from the middle of our price range with their current asking rents. Every listing is in Manhattan.
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Send me priced officesUpdated 2026-10-03 · Nomad Group
A private office's yearly rate, turned into a monthly rent
Landlords quote one number, and it covers twelve months. Three steps turn it into a monthly figure: take the rentable square feet, multiply by the rate, divide by twelve. Say a 3,500 square foot office asks $60: that is $210,000 a year, or $17,500 a month. Rent per square foot, explained walks through the conversion with live numbers.
The square feet in that sum are rentable, a measure that includes a share of the building's common areas. The part you can furnish is 15 to 25 percent smaller. At the usual planning figure, 3,500 square feet suits about 20 people.
What a private office lease adds on top of the rent
- Electricity. On 3,500 square feet, the usual charge works out to about $580 to $1,170 a month.
- Escalations. The rent steps up every year, so by the third year you are paying roughly 5 to 6 percent more than in the first.
- Security. A deposit or a letter of credit, typically several months of rent and more for a young company. It is due up front, and both the amount and the form are negotiable.
- Furniture and cabling. A one-time cost that disappears when the floor comes furnished.
- Buildout beyond the landlord's allowance, when the space needs work.
The full cost guide puts a number on each of these.
Per person: a private office against coworking desks
Coworking charges about $800 to $1,400 monthly for a desk, with everything included. In the example above, 20 people share $17,500 of rent and about $900 of electricity, which is roughly $920 a person before internet, cleaning and furniture.
That is why the comparison turns on team size. Under roughly 15 people the desks tend to be cheaper, since the extras and the commitment fall on a small base. From about 20 people up, the leased office tends to win, and it keeps winning as the team grows into the space.
What to read in a private office lease before signing
- The escalation clause: a fixed yearly step, or a share of building costs above a base year, or both.
- How electricity is charged: by a meter on your floor or as a flat amount.
- The security: its size, its form, and a schedule that hands part of it back as you pay on time.
- The guarantee: a good guy guarantee is narrower than a full personal one.
- Restoration and sublet rights: what you must undo when you leave, and whether you may pass the space on.
Your attorney reviews the document, and your broker holds the landlord to the business terms already agreed. Lease red flags lists the clauses that cost tenants most.
Floors asking $50 to $75 per square foot
Live from our listings · 6 of the 20, cheapest first20 of the 46 floors with a published rent ask $50 to $75 per square foot per year, from 2,500 to 27,344 square feet.
- Floors
- 20
- Sizes
- 2,500-27,344 sq ft
- Asking rent
- $50-$72 / sq ft
- 276 Fifth Avenue, 9th Floor 5,500 sq ft $52/sq ft Flatiron about 31 people
- 151 West 26th Street, 12th Floor Penthouse 17,610 sq ft $56/sq ft Chelsea about 101 people
- 45 Broadway, Partial 12th Floor 2,624 sq ft $60/sq ft FiDi about 15 people
- 1239 Broadway, Entire 12th Floor 12,500 sq ft $62/sq ft NoMad about 71 people
- 151 West 26th Street, Partial 10th Floor 9,000 sq ft $64/sq ft Chelsea about 51 people
- 60 East 42nd Street, Partial 13th Floor 5,772 sq ft $72/sq ft Grand Central about 33 people
The full guide
This page is the short answer. The long one, with the numbers worked through, is here:
Related topics
- Private Office Spaces in NYC: A First Office for 10 to 12, Sized and Toured
- Private Offices for Lease in NYC: The Steps, and How Long Each Takes
- Rent or Lease a Private Office: Which a Startup Should Do
- Flexible Workspace for Rent: A Private Office on 12, 24 or 36 Months
Is office rent in New York quoted per month or per year?
Per year, for each rentable square foot. Say the rate is $60: that means $60 for every square foot over twelve months, so a monthly figure always needs the conversion.
How big a deposit does a landlord ask for on a private office?
Typically several months of rent, and more from a young company without years of financial statements. Treat the first figure as an opening position. A letter of credit can stand in for cash, and a burn-down schedule returns part of the security after each year of on-time payment. Security deposit explains the terms.
Does the rent on a private office go up during the lease?
Usually. Most leases build in a yearly increase of roughly 2.5 to 3 percent, and many also pass through rises in the building's operating costs above a base year. Both are written into the lease, so you can project them before you sign.
Are the private offices on this page all in Manhattan?
Yes. Nomad's published listings are in Manhattan only, and the block on this page draws from the middle of the price range. In most transactions the landlord pays the broker fee, and a first shortlist can be ready within 24 hours.
Talk to a broker
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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.
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