|Address:||16 East 34th Street||Class:||B|
|Cross Streets:||Size:||345,000 SF|
The office building located at 16 East 34th Street in Midtown South was completed in 1925 and completely renovated in 2014. The 22-story property is conveniently positioned between Madison Avenue and Fifth Avenue, and houses Cornell University’s school of industrial relations, among others. The building is an ideal option for office tenants, as it’s located just a stone’s throw from the iconic Empire State Building, and offers easy access to public transportation and nearby amenities.
345 KSF of Class B Herald Square Office Space
The building rising at 16 East 34th Street offers tenants 345,000 square feet of Class B Herald Square office space. The building was renovated in 2014 and boasts new elevator and mechanical systems, operable windows and tenant-controlled HVAC. Main Place Liberty Group is the owner of the office building, while Cushman & Wakfield serves as property manager.
Further amenities include 24/7 building access, floor plates ranging from 15,000 to 18,000 square feet, four passenger elevators, and a private entrance on 33rd Street.
Getting to and from 16 East 34th Street
16 East 34th Street benefits from a convenient location in the heart of Midtown Manhattan, close to a plethora of dining, shopping and leisure destinations, including Herald Square and Greeley Square Park. The Empire State Building and Penn Station are just a short walk away, and those working within the building have access to the B, D, F, and M lines at Herald Square, and the 6 train at the 33rd Street Station.
Who is renting office space at 16 East 34th Street?
The office building at 16 East 34th Street houses various office tenants in diversified industries, from education and coworking to fashion and apparel. Notable tenants calling the building home include WeWord, Cornell University, Roytex and Academics in Motion.
How much is the rent price for office space at 16 East 34th Street?
Office asking rents in the Midtown Manhattan area are not for the faint of heart. Midtown South rents average more than $80 per square foot, and can often surpass $100 per square foot, depending on the terms of the lease and the location. Rents in the Herald Square area are also on the rise, as tenants of all sizes are attracted to this well-connected submarket close to Penn Station.