|Address:||121 West 27th Street||Class:||B|
|Cross Streets:||5th & 6th Avenues||Size:||110,000 SF|
The office building rising at 121 West 27th Street in Chelsea was completed in 1910. Located in the heart of the buzzing Midtown South office market, the 12-story building is a sought-after destination for tenants looking for creative office space in a great location. The property underwent renovations over the years, and today it houses various creative office tenants in industries like media, publishing, entertainment, and healthcare.
110 KSF of Class B Chelsea Office Space
The 12-story building at 121 West 27th Street offers a total of 110,000 square feet of Class B Chelsea office space. The property also includes roughly 8,000 square feet of retail space and a 10,000-square-foot showroom on the ground floor. The building is owned and managed by Mehra Properties, with Metro Manhattan Office Space handling leasing. Amenities include open, loft-style floor plates, an upgraded marble lobby with an attendant, keycard access, as well as passenger and freight elevators. 121 West 27th Street was fully renovated in 2014.
Getting to and from 121 West 27th Street
The office building at 121 West 27th Street benefits from an excellent location in Midtown South, close to a plethora of restaurants, hotels, and shops. Nearby attractions include Chelsea Market, the High Line, and the Whitney Museum, and Penn Station is just a short walk away. Public transportation lines are close by, including the 1, 2, A, C, and E trains.
Who is renting office space at 121 West 27th Street?
121 West 27th Street is a perfect fit for businesses in creative industries, like media, entertainment, architecture, art, and design, or technology. Chelsea and Flatiron are highly sought-after by creative tenants, in particular. Notable tenants at 121 West 27th Street include Chelsea Chiropractic, Inkwell Global Marketing, Rain Media, Christie Digital, MADRE, and Casey Kaplan.
How much is the rent price for office space at 121 West 27th Street?
Office asking rents at the Class B office building start around $50 per square foot, which is significantly more affordable than the average commanded in Midtown South. Class A assets in the area tend to rent at much higher prices, while office space in Midtown Manhattan often surpasses $100 per square foot. Given the competitive pricing, 121 West 27th Street is ideal for creative startups and companies looking for unique, loft-style office space in a trendy neighborhood.
Image via Google Street View