77 West 55th Street

New York, New York 10019 38 W 39th St. NY NY 10018

212-581-3003

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Fifth Avenue Office Space

  • Upon request
5th Avenue Office Space

5th Ave, Bryant Park, Class A Built Office Space for rent

  • Upon request
5th Ave, New York, NY 10017, USA

5th Ave, Bryant Park, Class A Built Office Space for rent   3,500 sf – 7,000 sf,   high floor, Lease […]

  • 3500 - 7000 Sq Ft
  • Upon request
  • Office Space
Details

5th Avenue, Bryant Park

8 months ago

Murray Hill, Fifth Ave, Built Office/Medical Space For Rent 8,100 SF

  • $48 per SF
5th Ave, New York, NY 10016, USA

Murray Hill, Fifth Ave, Built Office/Medical Space For Rent 8,100 SF   Murray Hill, Fifth Ave, Built Office/Medical Space For […]

  • 8100 Sq Ft
  • $48 per SF
  • Medical Office Space, Office Space
Details

5th Avenue, Murray Hill

8 months ago
  • Upon request
5th Ave, Plaza District NY, 10019 Class A Office space for rent 3,000 sf.

5th Ave, Plaza District NY, 10019 Class A Office space for rent 3,000 sf.

  • Upon request
726 5th Ave, New York, NY 10019, USA

5th Ave, Plaza District NY, 56th Street, Class A Office space for rent 3,000-5000 sf  3,000 – 5,000 sf,   Hi floor, Vacant, […]

  • 3000 Sq Ft
  • Upon request
  • Office Space
Details

5th Avenue, Midtown Manhattan, Plaza District

8 months ago
  • Upon Request
Fifth Ave, Plaza District, Furnished Office Space For Sublease 3,500 SF

Fifth Ave, Plaza District, Furnished Office Space For Sublease 3,500 SF

  • Upon Request
Fifth Avenue, 5th Ave, New York, NY 10019, USA

Fifth Ave, Plaza District, Furnished Office Space For Sublease 3,500 SF   Fifth Ave, Plaza District, Furnished Office Space For […]

  • 3500 Sq Ft
  • Upon Request
  • Office Space
Details

5th Avenue, Plaza District

8 months ago
  • $34 per SF
5th Ave, NYC, Fully Furnished Office Space For Sublease 5,950 SF

5th Ave, NYC, Fully Furnished Office Space For Sublease 5,950 SF

  • $34 per SF
W 35th St, New York, NY 10001, USA

5th Ave, NYC, Fully Furnished Office Space For Sublease 5,950 SF   5th Ave, NYC, Fully Furnished Office Space For […]

  • 5950 Sq Ft
  • $34 per SF
  • Office Space
Details

5th Avenue, Midtown South

8 months ago
  • Below market
Fifth Ave

Fifth Ave, New York, NY, 40s Class A Office for rent 4,500-11,000 Sq Ft

  • Below market
5th Ave, New York, NY, USA

Fifth Ave, New York, NY, 40s Class A Office for rent 4,500-11,000 sf   4,500 – 11,000 sf,  14th floor, […]

  • 4500 - 11,000 Sq Ft
  • Below market
  • Office Space
Details

5th Avenue, Grand Central

8 months ago
  • Upon request
Fifth Ave, Fully Furnished Office Space For Lease 4,550 SF

Fifth Ave, Fully Furnished Office Space For Lease 4,550 SF

  • Upon request
5th Ave, New York, NY 10001, USA

Fifth Ave, Fully Furnished Office Space For Lease 4,550 SF . Fifth Ave, Fully Furnished Office Space For Lease 4,550 […]

  • 4550 Sq ft
  • Upon request
  • Office Space
Details

5th Avenue, Madison Square

8 months ago

5th Ave, NYC Office Space For Lease 3,280 SF, Low Price!

  • $37 per SF
5th Ave, New York, NY 10018, USA

5th Ave, NYC Office Space For Lease 3,280 SF, Low Price!   5th Ave, NYC Office Space For Lease 3,280 […]

  • 3280 Sq Ft
  • $37 per SF
  • Office Space
Details

5th Avenue

8 months ago
  • Upon request
W 22nd Street, 5th Ave, Class B Office Building, 5000-12,000 sf

W 22nd Street, 5th Ave, Class B Office Building, 5,000-12,000 sf

  • Upon request
W 22nd St, New York, NY, 10010

W 22nd Street, 5th Ave, Class B Office Building, 5,000-12,000 sf   5,000 -12,000 sf,  High floor, Vacant office space […]

  • 5000 - 12,000 Sq Ft
  • Upon request
  • Office Space
Details

5th Avenue, Flatiron District

8 months ago

Fifth Avenue Office Space

Fifth Avenue Office Space  – There is no denying the fact if there isn’t a street in the world, which gathers more fame than 5th Avenue. In fact – it is coming on your mind when you start thinking “Which is the most famous street in the world?” The street is existing since the beginning of the 19th Century and it was and remains one of the main sights on the island of Manhattan.

Fifth Avenue is currently a significant fascination because of its top of the line shops and a significant focal point for vacationers because of its numerous verifiable structures, some notable on the planet. Also, that the popular Central Park is arranged on its western side. Metropolitan Museum Of Art, and the famous Plaza Hotel, Flatiron Building and Empire State Building are also on it – so the people potential has always been a part of 5th Avenue.

Fifth Avenue Office Space for lease

Historically, 5th Avenue was the attraction point for many residents and visitors of New York City. This has made the street not only one of the most famous in the world but also has attracted prestigious labels to open their major stores there. We are talking about luxury brands from the fashion industry, jewelry, premium digital items. A lot of influential businesses have their offices located on 5th Avenue or the nearby parallel streets.

A new trend is tech and media companies (used as the abbreviation TAMI, coming from “Technology, Advertising, Media and Information”). Given the high rate of pedestrian traffic, you can expect also major retail chains also to be present, and they are. The landscape is characterized by skyscrapers followed by historical buildings, which now house art museums, hotels and offices, with a lot of architectural and/or historical heritage to NYC.  How all this is reflected in the market for office spaces for rent or lease?

Demand and prices for office space for rent on 5th Avenue

As we said, Manhattan is attracting a lot of new tenants every year and the demand for retail and office space is continuing to grow year-over-year so you could expect it reflected on the prices. If you lease office space on 5th Avenue, it is going to be on the higher price range in the whole of NYC.
Bear in mind, that the office space vacancy rate in Q4 2019 was only 10% for the whole of Manhattan.

5th Avenue is not an exception from that and you can expect a premium-tag to be asked due to the location of the facility and also expect to have reduced availability of office space in that area. For example, the vacancy rate in Midtown South was last quarter at around 8%. 

The overall market on Fifth Avenue office space asks between $80 and $100 per square foot for Class A office rent, and between $55 and $70 for Class B office rent. We offer excellent deals as a fully built-out and furnished office subleases in the area in class A and B buildings for $40-50 per square foot. Fifth Avenue remains the heart of Manhattan so it is very unlikely office space to be available in huge numbers on it. Expect to pay a premium (if not the highest in NYC at all) and availability to be tight. If your business depends on high bandwidth internet speed, you have to be carefully choosing as not all buildings can offer it due to their age.

Transportation around 5th Avenue

5th Avenue crosses Manhattan from Northeast to Southeast. Best way to get around is by car and/or taxi (Uber). You can also cycle and walk by foot if you are in the neighborhood. Public transport is buses only – bus line M1, M2, M3 and M4 go all along 5th Avenue.

 

Fifth Avenue office space
Fifth Avenue office space
Fifth Avenue office space

MANHATTAN OFFICE SPACE MARKET INFORMATION

  • INVENTORY SF 376 M +1.0% Prior Period 373 M
  • UNDER CONSTRUCTION SF10.2 M -10.3%Prior Period 11.4 M\
  • VACANCY RATE11.7% +1.0%Prior Period 10.7%
  • AVERAGE MARKET RENT/SF$76.15 +1.2%Prior Period $75.25
  • MARKET SALE PRICE/SF$904 +2.9%Prior Period $878
  • MARKET CAP RATE4.3% Prior Period 4.3%

Availability

  • Vacant SF 40.7 M Sublet SF 11.8 M
  • Availability Rate 18.3% Available SF 65.8 M
  • Available average Asking Rent/SF $60.04
  • Occupancy Rate 88.3% Percent Leased Rate 91.5%

Office Sales Past Year

  • Asking Price Per SF $701
  • Sale to Asking Price Differential -1.4%
  • Sales Volume $7.5 B
  • Properties Sold 104
  • Months to Sale 11.0
  • For Sale Listings 142
  • Total For Sale SF 1.3 M

Demand

  • 12 Months Net Absorp % of Inventory -0.1%
  • 12 Months Leased SF 32 M
  • Months on Market 8.2
  • Months to Lease 12.1
  • Months Vacant 11.0
  • 24 Months Lease Renewal Rate 35.1%
  • Population Growth 5 Years 3.0%
nyc.manhattan2

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • 300 - 20,000 Sq Ft
  • $50-$70 per SF
  • Medical Office Space, Office Space
Featured

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • 1850 - 3000-10,000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

Madison Ave, NY, Medical office space for lease UES 2500-5000 sf

  • Baths: 3
  • 2500 - 5000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

Penn Station, NY, Class A Office space 5,000 -10,000 sq ft. for sublease

  • 5000 - 10,000 Sq Ft
  • Office Space

750 Lexington Ave NYC, Class A Office space for rent 2300-5000 SF in UES

  • 2300 - 5000 Sq Ft
  • Upon request
  • Office Space

405 Lexington Ave Chrysler Building Class A Office for sublease, Grand Central Station

  • 3200 - 7,500 Sq Ft
  • Upon request
  • Office Space

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