Flatiron Office Space for Rent
Flatiron Office Space for Rent
Flatiron Building
175 Fifth Avenue
Constructed 1902
Flatiron Office Space for Rent was priced at a premium and found in limited supply at the close of the first quarter of 2015. According to Costar, the Commercial Real Estate Information Company, the average quoted asking rent was $65.18 PSF and the vacancy factor stood at 9.1%. The graph below tracks historical performance over the past three years.
Flatiron District- Q1 2015
About the Flatiron District
The Flatiron District’s boundaries are “loosely” defined on the map below. This unique neighborhood balances both commercial and residential interests. It has a cool vibe, great restaurants and retail stores, stellar architecture and is home to some of the world’s leading technology companies and the venture capitalist that fund them. Link here for details about living, working and playing in the Flatiron.
Sample Flatiron Office Space for Rent
Most Flatiron office buildings are rated as Class B or C quality. Technology companies that require high capacity connectivity should verify that this infrastructure is installed prior to leasing space.
21st Street/Fifth Avenue
1,200 RSF, asks $50
23rd Street/Park Avenue South
6,140 RSF Penthouse
Asks $55
24th Street/Sixth Avenue
Newly Renovated Building
5,418 RSF, asks $65
Broadway/21st Street
Newly Renovated Building
6,500 RSF “Test Fit”
Asks $75- 83
Fifth Avenue/21st Street
Built Loft Space
5,665 RSF, asks $68
Park Avenue South/23rd Street
18,302 RSF “Test Fit”
Build to Suit, Call for Price
Recommended Strategy for Renting an Office in the FLatiron
With Flatiron space scarce and expensive, it makes sense to hire an experienced Commercial Real Estate Broker that understands the market and can find the best quality office quickly. Cogent Realty Advisors provides NO FEE Tenant Representation to New York businesses. By utilizing our extensive office database and an established network of professional contacts, we will find you an office that satisfies your specific requirements. Contact Mitchell Waldman today: (212) 509-4049.
