Madison Avenue Office Availability- Summer/Fall 2015
Madison Avenue Office Availability- Summer/Fall 2015
This report on Madison Avenue office space (from 42nd- 57th Street) was compiled in August 2015. Availability and pricing can change daily. Contact Cogent Realty Advisors for updated information: (212) 509-4049. Cogent Realty is a NO FEE Tenant Representation Broker.
Manhattan office space is expensive, especially at prestigious midtown addresses along Madison, Fifth and Park Avenues. 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 Your Madison Avenue Office space Requirement
Efficient Use of Office Space is Essential to Control Occupancy Costs
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 by linking here. 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 Selection of Madison Avenue Office Space
49th Street: Class A
Proposed. 18,805 RSF
Asks $105
49th Street: Class A
2nd Generation. 4,948 RSF
Asks $56
51st Street: Class A
2nd Generation. 4,124 RSF
Asks $52
52nd Street: Class A
Newly built. 3,710 RSF
Asks $75
53rd Street. Class A
Build-to-Suit. 3,956 RSF
Asks $70
55th Street. Class A
Build-to-Suit. 3,714 RSF & 7,186 RSF or 10,000 RSF
Asks $75
55th Street: Class A
Newly Built. 3,412 RSF
Asks $65
57th Street: IBM Building
3,023- 25,499 RSF
Build-to-Suit
Asks from $135
For your specific office requirement call:
Mitchell Waldman Licensed NY State Real Estate Broker 212-509-4049
