19 West 21st Street, Spero Building Office Space

Description

The Chelsea office building rising at 19 West 21st Street was completed in 1908 by David Spero, a millinery goods wholesaler. Spero purchased the site on West 21st Street from Benjamin Stern and rented it to tenants working in the garment industry. The building was designed in the Art Nouveau style by architect Robert D. Kohn, in the heart of the Ladies’ Mile Historic District.

The building offers loft-style office space between Fifth Avenue and Sixth Avenue in Midtown South, an area ideal for creative office tenants. Its tenant roster includes businesses in industries like media, publishing, entertainment, and healthcare.

120 KSF of Class B Chelsea Office Space

The Art Nouveau building at 19 West 21st Street offers 120,000 square feet of Class B Chelsea office space across 12 stories. Floorplates average roughly 21,000 square feet in size, while the ground floor provides retail space, currently occupied by costume shop Abracadabra. The building is owned and managed by Mehra Properties, which purchased the property back in the 1980s.

Getting to and from 19 West 21st Street

The Spero Building at 19 West 21st Street benefits from an excellent location in the heart of the Ladies’ Mile Historic District in Chelsea. Those working within the building have easy access to all the restaurants, shops, and hotels in the area, as well as to public transportation options. The building lies near the 23rd Street Station near Madison Square Park, which serves the 6, R, and W lines.

Who is renting office space at 19 West 21st Street?

The Spero Building is home to various creative office tenants in industries like media and publishing, design and architecture, and healthcare. Notable tenants occupying office space in the building include Sound Performance, Nobody’s Perfekt Media, SPK Lewis, Physical Therapy Associates of New York, and Tri State Office Interiors. The ground floor is occupied by the costume shop Abracadabra.

How much is the rent price for office space at 19 West 21st Street?

Office asking rents at 19 West 21st Street start around $45-$50 per square foot. Office space in Chelsea is not as pricey as spaces in Midtown Manhattan neighborhoods, and Class B assets tend to be even more affordable than Class A ones. However, the neighborhood’s office sector is in high demand, which pushes office rents over $75 per square foot on average. The influx of tech startups and creative office tenants has created a demand for Class A office space in Midtown South, and neighborhoods like Chelsea and Flatiron are highly sought-after.

Image via Google Street View