A Fifth Avenue/Madison Avenue Address for Your Company
The Fifth Avenue/Madison Avenue District is the most prestigious commercial office space district in Manhattan (and probably the country). Here we find the largest stock of Class A office commercial real estate listings in the city, at the highest rents. These include such prize New York City office rentals as 767 Fifth Avenue (the former General Motors Building), 9 West 57th Street, 590 Madison Avenue (the former IBM Building), and 277 Park Avenue (home of JPMorgan Chase).
Park Avenue from 46th to 59th streets symbolizes corporate power unlike any other thoroughfare in Manhattan. Concerns from Colgate-Palmolive to Citigroup to Major League Baseball have their headquarters here, as do many of the largest and most prestigious law firms. The Seagram Building, between 52nd and 53rd streets, was designed by the legendary Mies van der Rohe and built in 1958. Though, at 800,000 square feet, it is not nearly as large as some of the other office buildings on Park Avenue, it has an unmatched prestige, being without question the most elegant modern office skyscraper in the city.
On Fifth Avenue, the buildings of Rockefeller Center offer similar prestige. The first part of the center was built by John D. Rockefeller Jr. in the 1930s. The classic limestone-clad office buildings, the Promenade, the skating rink, Radio City Music Hall, the dramatic G.E. Building (30 Rockefeller Plaza), the annual Christmas tree–all of these bring natives and tourists together in what remains the largest privately owned business complex in America. In later years, Rockefeller Center was extended along the west side of the Avenue of the Americas (Sixth Avenue) with such top-of-the-line office rentals as as those found in 1211 Avenue of the Americas (headquarters of News Corporation), the McGraw-Hill Building (1221 Avenue of the Americas), 1251 Avenue of the Americas (formerly the headquarters of Exxon), and the Time & Life Building (1271 Avenue of the Americas).
Fifth Avenue Office Rentals Starting at $50.00 per Square Foot
If it sounds as though you need to be a huge company to rent offices on Madison Avenue or Fifth Avenue, think again. Yes, Class A office space commands top dollar, with, as of mid 2014, many buildings leasing commercial office space for more than $100 per square foot. But there are also hundreds of Class B and Class C buildings with office rentals starting at about $50 per square foot. Many companies can afford to lease in Class B and Class C office buildings on Fifth Avenue or Madison Avenue. Countless media and entertainment-related companies call their Fifth Avenue and Madison Avenue office space home, as do law firms both large and small, publishing companies, and non-profit organizations and foundations.
Walk to Your NYC Office Space from the Train
Transportation is excellent, as you would expect in an area that is equally attractive to tourists and to tenants of New York City office space. The east side of this submarket t is served by the 4, 5, and 6 trains, and the west side by the Sixth, Seventh, and Eighth Avenue lines. The west side and east side are connected by such lines as the R, F, and V. City buses and taxi cabs are also more plentiful here than anywhere else in Manhattan. The area is also extremely convenient to Grand Central Terminal and the MetroNorth Railroad.
To schedule a property tour of 5th Avenue/Madison Avenue office space for your firm, call principal broker, Alan Rosinsky at (212) 447-5403.