WELCOME TO
AFFINITY REALTY NYC

Affinity Realty is a full-service real estate company in New York. We provide strategic advisory expertise, specializing in Tenant Representation, Investment Sales and Consulting Services across a wide variety of professions.

Smart real estate decisions come from extensive experience, a pragmatic strategy and a thorough knowledge of the market.

Affinity Realty provides prudent, cost-effective solutions and superior results.

Affinity also provides tenants and landlords and buyers and sellers with access to top tier "in-house" architectural, engineering and construction services.

Advisory Services

ADVISORY SERVICES

With over 120 years of experience, our principals have intimate knowledge of the New York City real estate market and have transacted in excess of 8 million square feet of office space and more than $2 billion in sales throughout the city and the tristate area.

Affinity provides strategic guidance and analysis for our commercial and residential clients. We search for office and residential space with our proprietary database. Our market research provides you with “up to the moment” information for every submarket throughout the city.

It is our fiduciary responsibility to act in your best interest. We help find the space that best suits your aesthetic and budget. Our substantial negotiation experience results in the most advantageous transaction for every tenant.

WHY AFFINITY REALTY?

TENANT
REPRESENTATION

INVESTMENT
SALES

Construction Services

ARCHITECTURAL
SERVICES

ENGINEERING
SERVICES

BUDGET & ESTIMATING

LONG ISLAND CITY

Market Snapshot

Inflation may still be high but talk of a recession has simmered down a bit and afterall, this is New York. Why are we confident? New York has always come back stronger from daunting circumstances.

More than 56 million tourists visited New York City in 2022 and with substantial tourism, the retail and hospitality sectors have improved signifcantly. Transportation numbers are rising steadily and there are more people in the office, in the stores and restaurants all across NYC.

63% of the office tenant population has returned to work in the office for the majority of the week. The historical average is approximately 75%.

Since the pandemic began, we have seen a "flight to quality" for office space whereby tenants seek higher quality office space, while "right sizing" their total square footage, at better pricing. Demand for Class A office space continues to rise with activity up by more than 30%, year over year. Savvy tenants are now touring space.

While May saw just 1.8 million square feet leased across Manhattan, 7.4 million square feet was leased during Q1. The average asking rent in Manhattan is $74.84. The availability rate remains high at 16.9%. Midtown office asking rents average $78.24 psf, Midtown South asking rents average $80.34 and Downtown asking rents remain steady at $58.69.

The sublease market encompasses approximately 21,540,000 SF, or 23% of all available space.

New York State has experienced an improving economy with the unemployment rate at 4% in April, 2023, lower than a year earlier when the rate was 4.4%.

Statistics provided by the New York State Department of Labor