|Address:||11 Madison Avenue||Class:||A|
|Cross Streets:||24th & 25th Streets||Size:||2,236,000 SF|
|Year built:||1933||Architect:||Harvey Wiley Corbett|
The 30-story Art Deco skyscraper at 11 Madison Avenue in Midtown South was designed by Harvey Wiley Corbett and Dan Everett Wait. It was originally supposed to rise 100 stories and be the tallest building in the world, however, the onset of the Great Depression led developers to scrape these plans. The building was completed in 1932 as part of the Metropolitan Life Home Office Complex, and 11 Madison was previously known as the Metropolitan Life North Building, situated right next to the MetLife Tower. Nowadays the tower is owned by SL Green and has been renovated in the 1990s. It has received several awards and it features high-quality, green office space right next to Madison Square Park.
2 MSF of Class A, Green Office Space
Eleven Madison features more than 2 million square feet of Class A office space, and boasts LEED Gold and Energy Star certifications. Amenities at the building include 30,000 square feet of retail space, above-standard ceiling height, a cafeteria and an auditorium, 24/7 security and surveillance, and oversized floor plates of up to 100,000 square feet. The building’s lobby features marble floors and walls reflecting the Art Deco style, and six separate entrances. 11 Madison is also connected by an elevated walkway to the MetLife Tower.
Getting to and from 11 Madison Avenue
Eleven Madison is adjacent to Madison Square Park and within walking distance of various restaurants and shopping locations in the neighborhood. The building also offers immediate access to the 6 subway line, and lies just one block away from the N and R subway lines. The tower’s location provides access to both the 23rd and 28th streets subway station, which are both nearby.
Who is renting office space at 11 Madison Avenue?
11 Madison Avenue is home to various high-profile tenants, most notably the North American headquarters of Credit Suisse, Yelp! And Sony. The building’s retail space house Sony, Fidelity and Wildflower Brands. The popular Eleven Madison Park restaurant is located at street level, on the building’s Madison Avenue side.
How much is the rent price for office space at 11 Madison Avenue?
Office asking rents in Midtown South reached a new record-high of $84 per square foot in the first months of 2019. Demand is high, yet large-block availabilities are scarce in this submarket. Eleven Madison’s oversized floor plates make it a highly desirable location for office-using tenants, consequently, the tower is almost always fully leased.