|Address:||2 West 45th Street||Class:||B|
|Cross Streets:||Fifth & Sixth Avenues||Size:||110,000 SF|
|Year built:||1910||Architect:||Schwartz & Gross|
The office building located at 2-4-6 West 45th Street in Midtown Manhattan was originally completed in 1910, with a design by Schwartz & Gross. Also known as the Putnam Building, the property benefits from an excellent location in the bustling Times Square submarket of Manhattan. It offers modern Manhattan office space for rent and proximity to shopping, dining, and entertainment destinations in the surrounding area. The building houses various office tenants operating in diverse industries, including healthcare, architecture and design, and financial services.
110 KSF of Class B Times Square Office Space
The Putnam Building at 2 West 45th Street offers roughly 110,000 square feet of Class B Times Square office space across 16 floors. The property includes 8,000 square feet of ground-floor retail space currently occupied by Starbucks. Owned and managed by Joseph P. Day Realty, the Putnam Building was renovated in 2012. It offers amenities such as 24/7 access, an attended lobby, modern cooling and heating systems, cleaning and maintenance provided by the landlord each Monday, high-speed Internet access, and Wired Silver certification for connectivity.
Getting to and from 2 West 45th Street
The Putnam Building benefits from a convenient location in the heart of Times Square, one of Midtown Manhattan’s most active and sought-after submarkets. The building lies just off Fifth Avenue and is just a few minutes away from Grand Central Terminal, the New York Public Library, St. Patrick’s Cathedral, and the Museum of Modern Art. Those working within the building at 2 West 45th Street have easy access to all parts of the borough via the nearby 4, 5, 6, 7, S, Q, and D train lines.
Who is renting office space at 2 West 45th Street?
2 West 45th Street is home to various office tenants in financial services, architecture and design, jewelry and gemstone trade, and healthcare. Notable tenants renting office space in the Putnam Building include WDJ New York, Manhattan Dental Associates, Diamondstar, the Auschwitz Institute for Peace and Reconciliation, KAHN Architecture & Design, FuncPhysio, and Field Street Capital Management. Starbucks occupies the ground floor of the building.
How much is the rent price for office space at 2 West 45th Street?
Office asking rents at 2 West 45th Street are roughly on par with the rates commanded by Class B properties in Midtown Manhattan. Rents at the Putnam Building start at $50 per square foot, significantly more affordable than Class A spaces in the same submarket; Class A spaces often rent at over $80 per square foot. The affordable rates, coupled with the modern amenities and excellent location, make the Putnam Building an ideal fit for small- and mid-sized businesses looking for quality office space in the heart of Midtown.
Image via Google Street View