Many South Florida firms still need a New York presence, and many New York firms now have clients in Palm Beach and Miami. Quest Workspaces at 48 Wall Street connects the two: private offices, coworking, virtual offices, and meeting rooms in the 1927 former Bank of New York headquarters, linked to Quest's Florida centers.
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At a glance |
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Address |
48 Wall Street, New York, NY 10005 |
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Building |
1927 art deco landmark, former Bank of New York headquarters |
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Getting there |
Wall Street and Broad Street subway stations nearby |
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Best for |
Two-city finance and legal firms, family offices with New York advisors, international firms |
Is Manhattan really cheaper than Miami now?
On average, yes. In July 2026, office asking rents in Brickell reached $79.70 per square foot and Miami's CBD $78.40, both above Manhattan's $72 average (MIAMI REALTORS + RWorld). Lower Manhattan is the value play within New York: Downtown Class A averaged $61.77 per square foot in Q1 2026 (Downtown Alliance), well below Midtown.
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Office market (2026) |
Asking rent ($/SF/yr) |
|---|---|
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Midtown South, Manhattan |
$81.14 |
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Brickell, Miami |
$79.70 |
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Miami CBD |
$78.40 |
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Midtown, Manhattan |
$76.98 |
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Manhattan average |
$72.00 |
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Lower Manhattan Class A |
$61.77 |
Is it getting harder to find space in Manhattan?
Yes. Manhattan office vacancy fell to 12.6% in Q3 2026, its lowest since before 2020 (CRE Daily), and American Express plans a new Lower Manhattan headquarters (Wiss). Small, move-in-ready suites go first.
How does a two-city setup work with Quest?
Keep your main office in Florida and a private office or virtual office at 48 Wall Street, or the reverse. Book meeting rooms in either city when you travel. Clients in New York meet you at a 1927 art deco landmark steps from the New York Stock Exchange; clients in Florida meet you in Brickell, Boca, or West Palm.
Frequently asked questions
What is the history of 48 Wall Street? It was completed in 1927 as the Bank of New York's headquarters and is now home to Quest Workspaces NYC.
Is Brickell more expensive than Manhattan? Brickell's July 2026 average asking rent of $79.70 per square foot was above Manhattan's $72 average, though parts of Midtown remain higher.
Can a Florida Quest client use 48 Wall Street? Yes. Quest clients can book meeting rooms and day offices at 48 Wall Street when in New York.
