Renting an Office near Fifth Avenue & 42nd Street
Renting an Office near Fifth Avenue & 42nd Street
Crossroads of the World!
Renting an office near Fifth Avenue & 42nd Street was compiled in September 2015. Space availability and pricing can change daily. Contact Cogent Realty Advisors for updated information: (212) 509-4049. Cogent Realty Advisors is a NO FEE Tenant Representation Broker.
At the close of the second quarter of 2015 renting an office in midtown Manhattan within the Grand Central Station sub-market cost an average of $63.84 per rentable square foot (PSF) as reported by Costar, the commercial real estate information company. Vacancy stood at 11%. Asking rents segmented by building quality were $65.80 PSF in Class A; $57.43 in Class B; and $50.44 in Class C.
LET COGENT HELP YOU CALCULATE THE SIZE OF YOUR NEXT OFFICE
With the cost of renting an office at a premium, your business should carefully calculate the amount of space that it needs during its next lease term. Use our OFFICE SPACE CALCULATOR to estimate your required size. Some firms can reduce the size of their offices by modifying the design and paring down the area occupied by each employee. Another strategy is to use hourly or daily rentals at off-site business centers for part-time staff and conferences.
Sample Offices for Rent near Fifth Avenue & 42nd Street
475 Fifth Avenue – Class A
Suite A @ 6,690 RSF
Suite B @ 3,200 RSF
Pre-built Office, asks $72
500 Fifth Avenue – Class A
Efficient Layout
4,181 RSF, asks $75
500 Fifth Avenue – Class A
Private Floor – Panoramic Views
6,793 RSF, Call for Rent
501 Fifth Avenue – Class B
As built
3,263 RSF, asks $60
530 Fifth Avenue – Class A
Landlord will build to suit
33,148 RSF, Call for Rent
BEST STRATEGY FOR LEASING A NYC OFFICE
Your organization can save valuable time and money when it uses Cogent Realty to find office space. By using our extensive building and Landlord database, and the most current lease pricing information, we will negotiate the optimal terms for you. Cogent is an independent and licensed NO FEE broker with over 15 years of experience representing NYC businesses that lease office space. Contact us today: (212) 509-4049.
