Office for Sale in Syracuse, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Syracuse, NY 13202

Description

Central New York's Art Deco Destination Constructed in 1927, the 22-story State Tower stands tall with a mix of residential, office, and retail spaces behind its decorative terra-cotta and brick façade. Multiple office spaces ranging in size from 529 to ±15,176 SF contiguous, are available for lease in the iconic ±166,953 SF State Tower. Aside from office space, this mixed-use property features 61 high-end residential units on floors 8 through 21 and ground-floor retail. Amenities include 24/7 lobby attendant, bike racks, attached parking garage, on-site restaurant, conference rooms with state-of-the-art technology, on-site management and maintenance staff.

Market Context

This office in Syracuse, NY is listed for sale. It has been on the market for 163 days. Compare it against other office listings for sale in Syracuse, NY — <a href="/search/sale/office/new-york/syracuse">view the full market</a>.

As of Q4 2023, the Syracuse office market showed a 3.7% vacancy rate, and average asking rents near $16.64/SF/yr. Source: Cushman & Wakefield Q4 2023 market report.

Tight vacancy keeps competition for quality space elevated.

Office market FAQ

Is the Syracuse office market tightening or softening?
Vacancy is around 3.7% (Q4 2023).

Unified Estimate

Medium Confidence

$18.50/SF – $22.00/SF

Mid: $20.60/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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