|Address:||555 8th Avenue||Class:||B|
|Cross Streets:||37th & 38th Streets||Size:||162,000 SF|
|Year built:||1927||Architect:||Shampan & Shampan|
The office building at 555 Eighth Avenue in Midtown Manhattan was completed in 1927, boasting a design by Shampan & Shampan. Conveniently located near the Lincoln Tunnel, Penn Station and Times Square, the Shampan Eighth Avenue Building is an appealing destination for office-using companies in industries like media, technology, architecture and design, publishing, and finance. The building has been owned by Marilyn Spiera for decades, and is managed by Sloyer Forman. Spiera is the daughter of Sol Forman, owner of the famous Peter Luger Steak House in Brooklyn, who passed away in 2001.
162 KSF of Class B Midtown Office Space
The Shampan Eighth Avenue Building features more than 162,000 square feet of Class B Garment District office space across its 23 floors. It was completed in 1927 and renovated in 2011, and includes 4,000 square feet of retail space. The Midtown Manhattan building offers tenants amenities like open ceilings, oversized windows, 24/7 lobby security, and on-site management. The building at 555 Eighth Avenue offers Midtown Manhattan office space for lease ranging from 500 to 8,000 square feet.
Getting to and from 555 Eighth Avenue
The office building at 555 Eighth Avenue is conveniently located in the Garment District, close to a plethora of public transportation options, as well as retail and dining destinations. The building is convenient to the A, C, N, Q, R, 1, 2, 3, and 7 subway lines, via Penn Station and the Port Authority Bus Terminal Transit Stop. The Shampan Eighth Avenue Building is also located nearby the Times Square-42nd Street and 34th Street-Herald Square transit stations.
Who is renting office space at 555 Eighth Avenue?
Benefitting from an excellent and well-connected location in Midtown, 555 Eighth Avenue is an appealing destination for companies looking for quality loft-style office space. Nowadays, the building houses various tenants in industries like media, publishing, technology, design and architecture, and financial services. Notable tenants on the building’s roster include Frontline Health, Allstate, Gotham Writers, Plan Architecture, iNvolved Media, Sloyer Forman, Urban Stages, Chelsea Financial Group, and City Wide Apartments.
How much is the rent price for office space at 555 Eighth Avenue?
Office asking rents in the Penn Station/Garment District submarket exceeded $98 per square foot in 2019, per CBRE data. The area is highly appealing to companies in creative fields like media and technology, architecture and design, but also to big corporations like Pfizer, which is taking up 800,000 square feet of office space at 66 Hudson Boulevard. Office rents at 555 Eighth Avenue tend to hover between the Midtown Manhattan average of $88 per square foot, and the $98 per square foot high found in the Penn Station area.
4,100 SF | Penn Station