38 West 39th Street

New York, NY 10018

212-581-3003

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Madison Avenue Office Space

  • Upon request
635 Madison Ave NY, NY Medical office space for lease UES

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

  • Upon request
635 Madison Ave, New York, NY 10022, USA

635 Madison Ave NY, NY 10022  Medical office space for lease UES 2500-5000 sf 2500-5000 sf  plus,   3-10 years lease […]

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

Madison Avenue, Plaza District, Upper East Side

5 months ago
  • Below market
Madison Ave, 40s, Class B Office Building, for lease 3,750 – 5,000 sf 

Madison Ave, 40s, Class B Office Building, for lease 3,750 – 5,000 sf 

  • Below market
Madison Ave, New York, NY 10017

3,750 – 5,000 sf     Hi floor, Vacant,  Office space, Corner suite with eastern and southern views. 7 windowed offices including one […]

  • 3750 - 5000 Sq Ft
  • Below market
  • Office Space
Details

Grand Central, Madison Avenue

7 months ago
  • Upon request
mad ave 4

E 42 St, New York, NY, Madison Ave, Grand Central office space for lease

  • Upon request
E 42nd St, New York, NY, USA

Hi Floor 2,500 -5,000 sf office space for lease, next to Grand Central Station. Standard office area very well appointed […]

  • 2500 - 5000 Sq Ft
  • Upon request
  • Office Space
Details

Grand Central, Madison Avenue

7 months ago
  • Upon request
Madison Ave, 60s 10065 NY Class A Medical, Office space for lease UES

Madison Ave, 60s 10065 NY Class A Medical, Office space for lease UES

  • Upon request
60 Madison Ave, New York, NY 10010, USA

Madison Ave, 60s 10065 NY Class A Medical, Office space for lease UES 3,500 – 8,500 sf Office or Medical […]

  • 3500 Sq Ft
  • Upon request
  • Medical Office Space, Office Space
Details

Madison Avenue, Upper East Side

7 months ago
  • Below market
Madison Ave, 40s, Class A Office Building, space for lease 7,500 sf

Madison Ave, 40s, Class A Office Building, space for lease 7,500 sf

  • Below market
40 Madison Ave, New York, NY 10010, USA

7,500 sf,   Hi floor, Vacant, As Is condition, Office space,Full floor identity. 3 windowed executive offices, 5 internal offices, 1 […]

  • 7500 sf
  • Below market
  • Office Space
Details

Madison Avenue, Midtown Manhattan

7 months ago
  • Upon request
E 40th St, Bryant Park, NY, 5th Ave, Class B Office Building

Madison Ave, NY, NY, 43rd St, Class A Office Building

  • Upon request
Madison Ave, New York, NY, USA

5,690 sf,   8th floor, Vacant, As Is condition, Office space, Move-in condition, plug and play space.New installation includes exposed […]

  • Office Space
Details

Grand Central, Madison Avenue

8 months ago

Madison Avenue Office Space

Madison Avenue Office Space  –  Madison Avenue is one of the most historic streets in America located from Madison Square to East Home. Most successful business companies are growing on this street, which is also known as a luxury street and stunning world of advertising for the past years. Madison Avenue is approximately six miles long, stretching almost to the North to South of Manhattan. The Madison Avenue region offers employees and clients the opportunity to visit restaurants, small coffee shops, and fisting bars. A short walk to the Museum of Modern Art or the Metropolitan Museum of Art will make you feel great and full of energy.

Madison Avenue Office Space for lease/rent

Some of the office space for rent in Madison Avenue gave a home to global retail names, innovative companies, counseling, technology organizations. Tenants may choose all kind of  lease length and terms, tons of office space for rent in the New York city business arena. With its excellent location near to dozens of popular neighborhoods and iconic landmarks, such as the Empire State Building, the Flatiron District, Grand Central ,  Murray Hill, Midtown , Park Avenue, and the UES. Madison Avenue offers an opportunity for locals and successful companies. Workers may choose a lot of travel alternatives and nearness to Fifth Ave. and Central Park.

Demand and prices for office space for rent on Madison Avenue

The impacts of the pandemic on New York City’s  and Madison Avenue office space market are very obvious in 2020 Q2, if not generally anticipated. With building visits dropped and huge firms handling the pandemic over their worldwide office portfolio, renting movement declined strongly in the course of recent months to approach record lows making the measure of accessible space increment.

With availability effectively over the metro normal combined with the way that the absolute biggest lease signing in earlier quarters were renewals rather than new leases, Madison Avenue and its costly leases may keep on attempting to pull in outside firms.

Madison Avenue general vacancy rate was approaching 10% toward the finish of 20 Q2 and has floated over the metro normal since 2017.  The demand has been conflicting all through most of this time cycle, and ongoing execution portrays the location confronting raised vacancies worries with negative retention estimated in previous four years. Demand misfortunes were especially intense in A and B Class buildings as tenants leave the area with older structure for newer properties in Manhattan.

One of the high end, prestige areas in Manhattan is Madison Avenue, with unique office space for rent.

Madison Avenue office space  rent price range is: $80-92 per square foot.

Class A office space on Madison Ave rent price is around: $95-100 per square foot.

Class B office space on Madison Ave rent price is around: $65-70 per square foot.

Quality buildings and heavy traffic are nesting here. These are two common symptoms of high-end companies with fast and not stopping business. Something notable from all habitats here is the street cleanliness and beautiful landmarks. The Madison Avenue Business owners support a trash free habitat.

Madison Avenue office space Inventory:  around  30 million SF,  available space:  6 M  SF, Vacancy Rate: 10%

 

Transportation around Madison Avenue

Situated in the focal point of Manhattan, this district is a vehicle driving bad dream, particularly close to Madison Avenue. Set up some additional cash for stopping, parking and fuel. A superior decision is the chance of office workers to utilize the public travel choices along city bicycle paths in Central Park and alongside first and second Avenues. Individuals close to Queens and North Brooklyn are utilizing their bicycles to make a trip.

Bicycle Docking stations on Madison Ave and some additional stations on Park and Lexington Avenues are in the assistance everything being equal. The Lexington Avenue train line, for example, 4 and 5 express trains, runs corresponding to Madison Avenue, and the new Q train augmentation goes through the Upper East Side. Near Midtown, the road offers more broad travel choices, for example, the F, M, N, Q, R, and W trains, express transports, and Metro-North trains that run from Westchester, Putnam, and Duchess Counties.

Madison Avenue Office Space
Madison Avenue Office Space
Madison 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
  • $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

  • 2800 Sq Ft
  • Upon request
  • 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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