Midtown Fifth Avenue Office for Rent, Fall 2015
This report on Midtown Fifth Avenue office space (from 42nd- 57th Street) was compiled in September 2015. 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.
Manhattan office space is expensive, especially at prestigious midtown addresses along Fifth Avenue, Madison, and Park. Costar, the commercial real estate information company reports that at the end of the second quarter of 2015 the average asking rent in Class A buildings in Midtown was $67.54 per rentable square foot and vacancies stood at 8.5%.
Use This Tool to Calculate THE SIZE OF YOUR FIFTH Avenue Office
With rents 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. 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 Fifth Avenue Offices
44th Street: Class A institutional building. 3,368 RSF corner space with views of Fifth Avenue and 44th Street. Landlord will build to suit. A “test fit” for a financial trading firm is shown. Asking $66.00 PSF. Wire certified Gold.*
*Wire Certification measures three factors: (1) Connectivity; (2) Building Infrastructure; and (3) Readiness for future innovations. For more information on Wired Certification link here.
45th Street: Class A building. 3,046 RSF. (Floor plan on separate file.) Bright corner space with views of Fifth Avenue and 44th Street. Landlord will build to suit. A “test fit” for a media company is shown. Asking $59.00 PSF.
48th Street. Class A boutique building. Capital improvement program underway. Pre-built offices with exposed ceilings. Asking $68.00 PSF.
54th Street: Class A boutique building. New lobby and elevators. Exclusive private floors from 4,931 to 6,367 RSF. Elegant design and construction. Asking from $72.00 PSF.
For your specific office requirement call:Mitchell Waldman Licensed NY State Real Estate Broker 212-509-4049