77 West 55th Street

Park Avenue Office Space – Park Avenue, surrounded by Midtown and Grand Central district, contains some of New York’s most luxurious Class A office space for lease or sale, with some famous and iconic office buildings like 200 Park Ave, MetLife, 300 Park Avenue, 320 Park Avenue, 350 Park Avenue, 390 Park Avenue, 400 Park Avenue, 425 Park Avenue and 499 Park Avenue. A historical fact is that 399 Park Avenue was built in early 50s by a soap company. The renowned architect Mies van der Rohe designed the 375 Park Avenue, Inside the Building is the well-known luxury Four Seasons Restaurant which is the top spot in Manhattan.

Park Avenue Office Spaces for lease

Manhattan is filled with business districts and high-end class office buildings lining on some great streets such as Avenue of the Americas, Park Avenue, Madison Avenue, Fifth Ave., Lexington Ave, 42nd Street, WTC. New York office space for rent becomes the area that has some of the highest per square foot office leasing available, which top companies tenants from around the world are nesting there. Plenty of opportunities are available such as creative or boutique shops, to find an attractive Park Avenue office space for lease.

Wonder why this area is known as the highest asking rents in Manhattan? Office space comes as a premium and five-star luxury buildings in Midtown. Park Avenue is, in general, the most expensive area in the Manhattan office space area. Taller office towers in the area are surrounding Grand Central Terminal, which is likely to spur development on Park Avenue. JPMorgan Chase is the banking mountain and planning to build a new high rise tower on the site to house its offices.

Demand and prices for office spaces for rent on Park Avenue

Park Avenue is the host of Citigroup, Colgate-Palmolive, and Both Major League Baseball and the National Football League and their headquarters. At the very beginning of Park Avenue arises 200 Park Avenue, also called the MetLife Building. When it opened in early 60s, it was the Pan Am Building. With about three million square feet of floor area, it was the largest office building in the world. Park Avenue is one of the significant price streets not only in New York but in the world.

Many companies know this area as international corporations and fast-growing businesses in Midtown Manhattan. Its name heals prestige, and domestic and foreign investors are willing to set up their offices on this famous area running between 42nd and 60th Streets. These well known architectonic landmarks just like the Seagram Building, Grand Central Terminal, Lever House, the MetLife Building, or the Waldorf-Astoria, this area of NYC has continually been the favored preference of prominent profile tenants.

In 2024 the average market price on Park Avenue office space asking rent between:

$80 – $140 per square foot for Class A office rent,

and between $60 – $75 per SF for Class B office rent.

We offer now excellent deals as a fully built-out and furnished office subleases in the area in class A and B buildings for $40-55 per square foot.

Transportation in Park Avenue

This region includes transportation to Grand Central Terminal serviced by Metro North, East Side 4, 5, and 6 trains, and the seven shuttles. The highly-trafficked Park Avenue transportation tunnel also benefits from various public transportation options. East Side IRT subway has express and local stops all along Lexington Avenue, a block to the east. Fortunately, this entire stretch of Park Avenue sits on top of the tracks and platforms of Grand Central Terminal.