427 W 42nd St

Sublease Office Spaces for Rent

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Coworking Office Spaces for Rent

Type of Space Class A Class B Class C
Windowed office/person $ 2,000/mo $ 1,250/mo $ 750/mo
Interior office/person $ 1,250/mo $ 750/mo $ 500/mo

Nearby Office Spaces for Rent

Address $ / SF SF Monthly Rent
W 42nd St & Between 8th Avenue $ 59 1,100 $ 5,390
W 39th St & Between West 39th Street $ 44 1,500 $ 5,500
W 47th St & Ninth Avenue $ 42 2,600 $ 8,993
W 39th St & Ninth Avenue $ 47 2,400 $ 9,400
W 48th St & Between West 47th Street $ 60 2,100 $ 10,500
Address $ / SF SF Monthly Rent
Ninth Ave & West 44th Street $ 50 3,000 $ 12,500
W 44th St & Ninth Avenue $ 63 4,700 $ 24,675
W 43rd St & Eighth Avenue $ 60 4,000 $ 20,000
W 46th St & Between 8th Avenue $ 45 4,300 $ 16,125
W 38th St & 8th Avenue $ 40 4,000 $ 13,333
Address $ / SF SF Monthly Rent
W 45th St & Ninth Avenue $ 45 11,500 $ 42,933
10th Ave & West 39th Street $ 38 7,000 $ 21,875
W 43rd St & Eight Avenue $ 62 12,700 $ 65,087
W 45th St & Eleventh Avenue $ 41 11,300 $ 38,985
W 39th St & Ninth Avenue $ 34 13,500 $ 37,800
Times Sq & West 41st Street $ 87 6,700 $ 48,575
Eighth Ave & West 44th Street $ 48 5,700 $ 22,800
W 38th St & Between 10th Avenue $ 52 11,400 $ 49,400

Retail Spaces for Rent

None
None

Medical Spaces for Rent

None

427 W 42nd St

427 W 42nd St is a 3-story office building located in the Times Square neighborhood of Manhattan. Further information on rent, lease office 427 W 42nd St includes the following. 427 W 42nd St does not currently have co-working options available.
We can get you the best deals on coworking. No Fee. We negotiate to get you the best deals.The Zip Code for 427 W 42nd St is 10036. 427 W 42nd St contains 169,896 square feet of office space for rent. The office space is rated Class B. Construction of 427 W 42nd St finished in 1976. Small, medium and large options for rent office 427 W 42nd St are available. In addition to nearby office building lease options, sublease 427 W 42nd St options may be provided as well.

427 W 42nd St Property Overview

Bulding Address: 427 West 42nd Street
Building Alternate address(es): None
Zip Code:10036
Neighborhood:Times Square
Borough:Manhattan
Stories:3
Year Built:1976
Building Class:B

Map Location

 nyc
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Argent Trading Testimonial

Argent Trading testimonial To Whom it May Concern: I have had the opportunity to work with Optimal Spaces Inc. (specifically, Stephen Sunderland) over the last 18 months. Stephen was hired to find a reasonably priced lease for corporate office space that would support our highly professional environment. I considered this to be a significant challenge since Manhattan was experiencing a severe shortage in available professional space. However, Stephen found a space that exceeded my expectations and that was approximately 15% below current market rates for comparable space. An important aspect of working with Stephen is the level to which I can trust him to act in my bestRead more

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Optimal Spaces can help you turn critical and complex real estate issues into opportunities for growth and or cost reduction. We offer the experience, know-how, and the strategic planning that helps lead to better decisions. Virtually everything you need to enhance the value of your business (for profit and not for profit) , you will find at Optimal Spaces.

About Optimal Spaces
Optimal Spaces are Tenant Brokers, only representing commercial tenants, not owners or landlords. By contrast, managing agents and most commercial brokers are "landlord agents" representing the interest of owners. Their goal is to market and lease their clients' properties with the best possible terms for the owners. Thus, they will neither show you as broad a selection nor push to get the best price, since their loyalty is to the Landlord. An Optimal Spaces agent will show you a broader range of properties and offer you a broader range of important services than a managing agent or commercial broker will. We will provide you with a market survey, floor plans, pricing expectations , and access to our rolodex: Optimal Spaces walks you through the process from start to finish. Upon entering your new space, it will look the way you want, all at the price you agreed to spend. In addition to negotiating the best price, we will reveal and abate many "hidden costs" to you. We will show you all the relevant available spaces and safeguard your interests throughout the process. Because of tour costs to provide these services, we ask in exchange that clients sign an Exclusive Brokerage Agreement. This allows us to plan appropriately for assisting you with every step of the process.
Commercial Real Estate Spaces in New York
Optimal Spaces specializes in negotiating deals for tenants, ensuring savings of 15-20% compared to what tenants could achieve on their own.

Finding the perfect commercial space in New York is essential, and we understand its importance. Our services encompass a wide range of commercial available spaces, including office, educational, industrial, retail, medical, and loft spaces.
  • December 2024: New York Real Estate Market Report

    Retail:
    A flurry of retail leases along the Broadway corridor in Soho has helped drive down availability. Rents increase 35% year over year to $679 per square foot. Average pricing on the corridor has risen above $600 per square foot to a level not seen since 2017.
    Office:
    Increased office demand, as companies have their employees return to the office. Leasing volume was up almost 50% from a year ago, driven by Bloomberg’s 925,000-square-foot extension and expansion at 919 Third Avenue and a few other large deals.

    Manhattan’s availability rate fell from 17.3 to 16.8%, the lowest in two years. Sublet supply also tightened, dropping to its lowest level since January 2022.

    Building Sales:
    Building Sales has been very active across property types. The predominant theme is to purchase office buildings to convert to Residential.

    New York Market Overview Park Avenue office space has been sought after as finance tenants seek out space. Availability in the submarket was down to 8% in July, far below the average availability rate of 22% for the rest of the city. NYC administration is bracing for “funding and policy risks” under a Trump administration. 7% of the city’s $112 billion budget for fiscal year 2025 is from federal grants. Loss of federal funding could have negative implications for housing and infrastructure.

Looking for the perfect office space in New York City? Our tenant brokerage specializes in finding tailored solutions for businesses across various industries, including accounting, construction, hedge funds, hotel groups, jewelry, media, nonprofits, technology, trade businesses, and wholesale. Whether you're seeking a prime location in the Financial District, a creative hub for your media team, or a high-security space for your jewelry business, we’ve got you covered. Our expert team understands the unique needs of each industry and works tirelessly to match you with a space that fits your vision, budget, and operational requirements. Let us simplify your office search and help your business thrive in the heart of New York!
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