|Address:||136 Madison Avenue||Class:||A|
|Cross Streets:||Broadway & Fifth Avenue||Size:||360,000 SF|
|Year built:||1916||Architect:||Sommerfeld & Steckler|
The mid-rise office building located at 136 Madison Avenue in Midtown Manhattan was originally completed back in 1916, boasting a design by Sommerfeld & Steckler. It used to be known as the Backer Building and served as the heart of a Manhattan corridor that catered to the lingerie industry. Nowadays, 136 Madison is home to various startups and businesses in sectors like financial services, technology, and education. The building offers modern office space in a highly coveted submarket of Manhattan, connecting tenants to a plethora of amenities in the area.
360 KSF of Class A Murray Hill Office Space
136 Madison Avenue offers 360,000 square feet of Class A Murray Hill office space across 17 stories. It is owned and managed by Colliers International, and incorporates 18,364-square-foot floor plates and 18,000 square feet of retail space on the ground floor.
Amenities at the LEED Silver-certified building include new high-end, pre-built offices with polished concrete floors, glass walls, high-end bathrooms, new HVAC systems, and a classic Art Deco lobby. Colliers is also adding a $1.5 million rooftop deck exclusive to building tenants. There is also a secondary lobby located on 31st Street.
Getting to and from 136 Madison Avenue
The office building at 136 Madison Avenue is conveniently located in the heart of Midtown Manhattan, in the coveted and prestigious Murray Hill neighborhood. Those working in the building have easy access to a plethora of shopping and dining destinations in the area and are just a short walk from the iconic Empire State Building. Public transportation is also easily accessible, via the nearby 28 Street Station, serving the 6, N, R, and W lines.
Who is renting office space at 136 Madison Avenue?
136 Madison Avenue is highly appealing to tenants in financial services, media and fashion, technology and advertising, due to its positioning on the bustling Madison Avenue. Notable tenants occupying office space in the building include Nutrafol, ComplySci, Syracuse University, Jupiter Entertainment, and Bernhardt Design. Coworking provider Regus occupies the entire 15th and 16th floors and has committed to a lease at 136 Madison through 2031.
How much is the rent price for office space at 136 Madison Avenue?
Office asking rents at 136 Madison Avenue start around $50 to $60 per square foot, depending on the size and terms of the lease. The property offers competitive prices and modern amenities and is a great fit for startups or businesses in creative industries. The average office rent in Midtown Manhattan tends to surpass $80 per square foot, so 136 Madison Avenue is significantly more affordable than other Class A buildings in the Plaza District or Hudson Yards.
Image via Google Street View