Office space in
Gramercy Park.
One of Manhattan’s 31 office submarkets — advised by DLS Commercial Real Estate, tenant-side, lease by lease.
Gramercy Park is a quiet, boutique office district around its namesake private park, roughly between 18th and 23rd Streets east of Park Avenue South. Its prewar lofts and refined character draw smaller professional, creative, and design tenants seeking a calmer Midtown South address. DLS Commercial Real Estate advises tenants here, tenant-side, lease by lease.
At a glance
Character
The refined blocks around Manhattan’s last private park — prewar lofts and townhouses just east of the Flatiron and Union Square, with a quieter, residential-edged character.
Typical tenant
Boutique professional firms, design and creative studios, and small financial and advisory tenants — occupiers that value a distinctive, low-key address near Midtown South’s core.
Building stock
Prewar loft and office buildings beside residential townhouses — characterful floorplates, good light, boutique scale. Large contiguous blocks are limited.
Rent posture
A boutique Midtown South market: asking rents track the district’s smaller, character-rich space, below the prime loft cores. (Current market data, Q1 2026.)
A DLS datapoint
Illustrative — DLS stamps one original, first-hand figure here (e.g. the typical boutique-floor range measured across recent Gramercy tours).
Deal footprint
Illustrative — an anonymized DLS engagement in the district goes here (e.g. a design firm’s relocation into characterful loft space on improved terms).
Office inventory
2,538,302 SF of office space across 24 office buildings — 16 of them 50,000 SF or larger, averaging a 1914 vintage.
Small (<50k)
8 buildings, 219,002 SF total, averaging a 1915 vintage.
The floor of the market — single-tenant or partial-floor space.
Mid-Size (50k-150k)
9 buildings, 870,980 SF total, averaging a 1917 vintage.
Room to grow — typically several floors for one tenant.
Large (150k-500k)
7 buildings, 1,448,320 SF total, averaging a 1911 vintage.
Anchor scale — often most or all of a building.
Source: NYC Department of City Planning, MapPLUTO (fetched July 2026) — counting only true office buildings: 10,000 SF of office or more, office above grade (not a ground-floor office under apartments), purpose-built or converted loft/office-condo stock. Spatially joined to DLS’s 31 mapped submarkets.
Where rents sit
Asking rent, $/SF · Current market data, Q1 2026 — shown as a range reflecting a spread across sources.
Questions
What is the office market like in Gramercy Park?
Gramercy Park is a quiet, boutique office district around its private park east of Park Avenue South — prewar lofts leased by smaller professional, design, and creative tenants. DLS Commercial Real Estate represents tenants here, negotiating space, character, and terms in a refined Midtown South pocket.
Does DLS represent tenants in Gramercy Park?
Yes. DLS Commercial Real Estate advises office tenants across Gramercy Park and Manhattan's other office submarkets — the tenant's interests only, with a fee customarily paid by the landlord.