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 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

3 years 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

3 years 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

3 years ago
  • Upon request
650 Fifth Ave, NYC, Plaza District,

650 Fifth Ave, NYC, Plaza District, Class A Office space for rent

  • Upon request
650 5th Ave, New York, NY 10019, USA

650 Fifth Ave, NYC, Plaza District, Class A Office space for rent   High floors 2800-4600 SF Class A furnished […]

  • 2800 - 4600 SF
  • Upon request
  • Office Space
Details

5th Avenue, Plaza District

3 years ago
  • Upon request
5th Avenue Office Space

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

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

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

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

5th Avenue, Bryant Park

3 years ago
  • Upon request
W 46th St, 5th Ave, Medical office space for rent in Midtown Manhattan

W 46th St, 5th Ave, Medical office space for rent in Midtown Manhattan

  • Upon request
5th Ave & W 46th St, New York, NY 10036, USA

W 46th St, 5th Ave,  Medical office space for rent in Midtown Manhattan. 3,500 – 5,500 Hi floor, Vacant, , Office […]

  • 3500 - 5500 Sq Ft
  • Upon request
  • Office Space
Details

5th Avenue, Midtown Manhattan

3 years ago
  • $40 per SF 
plan2 0

Flatiron District, Fifth Avenue, Class B Office space for lease

  • $40 per SF 
5th Ave & W 17th St, New York, NY 10003, USA

Flatiron District, Fifth Avenue, Class B Office space for lease $40 per SF  2,200 sf, 4,400 sf, 6th floor, Vacant, […]

  • 2200 - 4400 Sq Ft
  • $40 per SF 
  • Commercial Loft Space, Office Space
Details

5th Avenue, Flatiron District

3 years ago

E 41st St, New York, NY, 5th Ave, Office space for lease

  • $42
E 41st St, New York, NY, USA

4,300 sf,    10th floor, Lease term yrs, Possession Arranged, As Is condition, Office space, 8 windowed offices, conference room […]

  • Office Space
Details

5th Avenue, Grand Central

4 years ago

5th Ave, NY, NY, 32nd St, Class B Office Building

  • $45/psf
5th Ave, New York, NY, USA

5th Ave, NY, NY, 32nd St, Class B Office Building 4,950 sf,    5th floor, Lease term 5-7 yrs, Vacant, […]

  • 4950 Sq Ft
  • $45/psf
  • Office Space
Details

5th Avenue, Murray Hill

4 years 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%

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

  • 300 - 20,000 Sq Ft
  • $60-$70 per SF
  • Medical Office Space, Office Space
Featured

30 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1700 - 3500 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

18 W 33rd St, Herald Square, NY Office Medical space for lease or sale 1400-2800 square feet

  • 1400 2800 Sq Ft
  • $40 per SF
  • Medical Office Space, Office Space

36 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1560 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

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

14 E 55th Street, Plaza District, NY, Medical office space for lease 2,000 + 2,000 sf

  • 2000 Sq Ft
  • Negotiable
  • Office Space, Showroom Space

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