Times Square Medical For Lease

Boundaries for Times Square

Times Square is located in Midtown Manhattan and is bound by 6th Avenue to 8th Avenue from 38th Street to 49th Street.

Class A Medical Leases

Times Square contains 21 Class A medical buildings offering 138 different medical spaces for lease. In total, there are currently 2,142,502 square feet of rentable Class A medical space available.

Class B Medical Leases

Times Square contains 45 Class B medical buildings offering 261 different medical spaces for lease. In total, there are currently 1,548,234 square feet of rentable Class B medical space available.

Commute to Times Square

Times Square is in close proximity to a number of New York City’s major transportation hubs. The Times Square 42nd Street station includes lines from the S train, 1, 2 and 3 trains, and 7 train. The N, Q, R and W train extends into Times Square with its own Times Square 42nd Street Station. The B, D and F train line is within walking distance of Times Square with its station near Bryant Park. The A, C and E lines extend into Times Square with the 42nd Street Port Authority Bus Terminal.

Current Largest Tenants and Newest Tenants

The newest tenants in the Times Square medical leasing market include, BMO Capital Markets, which signed a 15-year lease for 215,000 square feet at 4 Times Square. Norris McLaughlin leased 27,488 square feet at 7 Times Square.

History of Medical Leasing in Times Square

Times Square began life in colonial America when Continental Army General John Morin Scott constructed his manor house on what today would be 43rd Street. By the 1870’s Times Square had become a manufacturing hub for horse drawn carriages. It was not until the turn of the century until the first billboard lights would go on to illuminate the square. By the early 1900’s the district became synonymous for its numerous theaters, music halls and hotels. With the dawn of the Great Depression Times Square’s luster vanished, as it became crime ridden and dangerous. Ravaged by crime the city took massive action during the 1990’s to restore Times Square to what it is today, a sprawling district attaining international fame.