|Cross Streets:||West 31st Street, West 32nd Street||Size:||646,000 SF|
|Year built:||1969||Architect:||Shreve Lamb & Harmon|
The glass office tower rising at 1250 Broadway in Midtown South was completed in 1969, boasting a design by Shreve, Lamb & Harmon. The property, nowadays also known as Nomad Tower, occupies a full blockfront on Broadway between 32nd and 31st streets and offers high-quality office space in the heart of Manhattan’s Silicon Alley.
646 KSF of Class A Herald Square Office Space
Nomad Tower at 1250 Broadway offers 646,000 square feet of Class A Herald Square office space across 39 stories. The LEED Gold-certified tower is owned by Global Holdings, which paid $565 million to purchase the building from Jamestown in 2016.
The property underwent a $3 million renovation effort in 2013, which upgraded the plaza and lobby facing 31st Street, adding a glass curtain wall at the tower base and a new stainless steel canopy.
Amenities at 1250 Broadway include a 10,000-square-foot showroom; 8,000 square feet of retail space; a conference theater and amphitheater; a lounge with ping pong, pool, and arcade games; vending machines; a fitness center; a bike ramp and bike storage; and a 150-car indoor parking garage. Nomad Tower also provides tenants with 360-degree views of Manhattan from the upper floors.
Getting to and from 1250 Broadway
The office tower at 1250 Broadway benefits from an excellent location in Herald Square, in the heart of Silicon Alley, Midtown South’s technology hub. Nomad Tower provides tenants easy access to a plethora of shopping and dining destinations in the area and also connects them to public transportation options. The building lies just steps from 12 subway lines and PATH trains, with Penn Station only one block away.
Who is renting office space at 1250 Broadway?
Nomad Tower at 1250 Broadway was renovated and transformed into a technology hub for office tenants in Herald Square. As a result, the building is home to various high-profile tenants in multiple industries like tech, financial services, real estate, and government services. Notable tenants renting office space in the building include Varonis, Rubicon Project, Zillow Group, Regus, Irving Farm, TransPerfect, and the New York City Environmental Protection Agency.
How much is the rent price for office space at 1250 Broadway?
Office asking rents at 1250 Broadway start somewhere around $70 per square foot, significantly more affordable than the average of $80+ commanded in Midtown South. In recent years, Herald Square has become a highly popular destination for tech tenants, as it offers slightly lower rents than other Midtown submarkets, but plenty of dining, shopping, and public transport options. Alongside Flatiron and Chelsea, Herald Square is an appealing option for young, tech-savvy professionals, entrepreneurs, and startups.