|Cross Streets:||58th & 59th Streets||Size:||220,000 SF|
|Year built:||1912||Architect:||Carrere & Hastings|
The office building located at 1790 Broadway in the Columbus Circle area of Midtown Manhattan was completed back in 1912. Architects Carrere & Hastings, who designed the New York Public Library, were commissioned by the U.S. Rubber Company to design their headquarters at the corner of 58th Street and Broadway. The building that resulted had a striking design that still makes it stand out among the limestone buildings in the city.
The building was renovated in 1990, in an effort that brought its amenities to modern standards. Redubbed 5 Columbus Circle, 1790 Broadway is currently home to various office tenants in industries like media, universities, finance and law.
220 KSF of Class A Times Square Office Space
The landmark building at 5 Columbus Circle incorporates 220,000 square feet of Class A Columbus Circle office space, including roughly 7,000 square feet of retail. The 21-story building is owned by Ionian Management and managed by Goodhope Management Corp. It was completely renovated in 1990 by Richard Rice Architects, and now features amenities like high ceilings, concrete floors, oversized windows, 6 passenger and 2 freight elevators, on-site ownership, 24/7 security, and concierge service. The average floor size is 11,000 square feet, and tenants have great views of the busy Columbus Circle and Central Park.
Getting to and from 5 Columbus Circle
The office building at 1790 Broadway is conveniently located in the heart of New York City’s best retail and dining corridors, close to a plethora of shops and upscale restaurants. The property’s location near the heavily trafficked Columbus Circle offers tenants easy access to various major subway lines, including the A, C, E, 1, 2, 3, N and R trains.
Who is renting office space at 5 Columbus Circle?
5 Columbus Circle is home to various office-using tenants in diversified industries, from law and finance to education and art. Notable tenants on the building’s roster include Rhodium Group, Columbia University, Fordham University, The Keller Legal Group, Columbia Artists Management Incorporation, and retailer Nordstrom.
How much is the rent price for office space at 5 Columbus Circle?
Office asking rents at 5 Columbus Circle tend to be roughly on par with the average commanded in Midtown Manhattan, which hovers around $88 per square foot in 2019. The Columbus Circle submarket is highly sought after, given its proximity to Central Park and public transportation options. Consequently, office space rental rates are also on the rise here, with Class A offerings going for $78 per square foot and Class B properties priced in the low $60s per square foot.
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