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Sixth Avenue Office Space
Sixth Avenue Office Space – Sixth Avenue, the heart of all Americans is located on the west side of Manhattan near Chelsea and between 7th Avenue and 5th Avenue, Madison Square Park to the east, and the Hudson River to the west. The City Council officially named that street Avenue of the Americas in 1945. In modern times you can see unique buildings and structures like the magnificent Empire State Building, the well-known Rockefeller Center with offices for rent, the National Museum of mathematics and other places to rent or to see. Buildings like the 50-story Americas Tower, nested between 45th and 46th streets, the 50-story Burlington House located near 54th and 55th streets can blow your mind with its almost entirely coated glass windows reflecting the sky on them. If you are looking for an office or something else to rent this is just your place but be in mind, you will pay a high price to have it. This luxury location is famous by many companies, and 6th Avenue provides alternative financing to large and mid-sized businesses.
6th Ave is one of the most commercial real estate markets in New York City with buildings having class A Manhattan office space for rent and buildings are offering enough space for lease. Executive office suites have access to many class A spaces and short term offices in Manhattan including the famous Rockefeller Center for lease. If you are looking for a building with office space for rent lease or sale there are many possibilities such as 24-hour doorman and full access, dedicated elevators, conference areas with complete IT support giving an impressive look of shiny glass windows.
The Avenue of the Americas is a trendy office space area; the need for office spaces for lease is high. Trends are showing that for the third quarter of 2019, the availability rate of Manhattan office space is near 10.5%. The asking rent average reached a high record of pricing. For example,
New York office space asking rent gained 2,5% since the last quarter of 2019 and jumped to $77 per square foot. Submarkets in Midtown Manhattan are showing various price ranges.
Plaza District Class A average asking rent is $96. There was 17 Manhattan office space for lease listings with 250,000 SF of space near the 6th Ave. In other words, there are lots of free office spaces, but trends are showing movement in 2019, so if you are planning to rent lease, keep that in mind.
Class A office space in Midtown Manhattan average asking rent on Six Avenue is $88 per square feet.
Class B office space average asking rents on Six Avenue is $63 per square feet.
The amount of available space for lease is close to 55 million square feet, the percentage of vacancy is 7.3%, which is less, over the Manhattan average of 10.5%.
At the beginning of the 1960s, Sixth Avenue was rebuilt as a street of corporate towers with new and modern style. The elevated railway also resulted in fast commercial development in Midtown. Going to work or your home is a crucial must-do for the everyday man. Fortunately, there is public transport and various types of vehicles that can take you to your desired destination safely and on time. Sixth Avenue is near Park Avenue, served by the New York City subway or you can use just the old fashion train. Buses that get near buy the sixth Avenue are M23-SBS, X68, M14A-SBS, M2. If you use the map navigation, you will see the closest stations to Sixth Avenue: W 23 St/5 Av, 7 Av/W 23 St, 28 St [1,2].