251 Park Avenue South
Class: B + 10010 Buildings Gramercy Park
Direct Office Spaces for Rent
| $ / SF | SF | Monthly Rent |
|---|---|---|
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| Please notify me when a new space is available | ||
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| Please notify me when a new space is available | ||
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 Coworking Office Spaces for Rent
| Type of Space | Class A | Class B | Class C |
|---|---|---|---|
| Windowed office/person | $ 2,000/mo | $ 1,250/mo | $ 1,000/mo |
| Interior office/person | $ 1,250/mo | $ 750/mo | $ 500/mo |
Retail Spaces for Rent
| $ / SF | SF | >Monthly Rent |
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| Please notify me when a new space is available | ||
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| Please notify me when a new space is available | ||
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| Please notify me when a new space is available | ||
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| Please notify me when a new space is available | ||
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| Please notify me when a new space is available | ||
Medical Spaces for Rent
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| Please notify me when a new space is available | ||
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| Please notify me when a new space is available | ||
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251 Park Avenue South
251 Park Avenue South is a 16-story office building located in the Gramercy Park neighborhood of Manhattan. Further information on rent, lease office 251 Park Avenue South includes the following. 251 Park Avenue South 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 251 Park Avenue South is 10010. 251 Park Avenue South contains 125,000 square feet of office space for rent. The office space is rated Class B. Construction of 251 Park Avenue South finished in 1909. Small, medium and large options for rent office 251 Park Avenue South are available. In addition to nearby office building lease options, sublease 251 Park Avenue South options may be provided as well. In 2018, the average office rent at 251 Park Avenue South was $ 64.0 per square foot.
We can get you the best deals on coworking. No Fee. We negotiate to get you the best deals.The Zip Code for 251 Park Avenue South is 10010. 251 Park Avenue South contains 125,000 square feet of office space for rent. The office space is rated Class B. Construction of 251 Park Avenue South finished in 1909. Small, medium and large options for rent office 251 Park Avenue South are available. In addition to nearby office building lease options, sublease 251 Park Avenue South options may be provided as well. In 2018, the average office rent at 251 Park Avenue South was $ 64.0 per square foot.
251 Park Avenue South Property Overview
| Bulding Address: | 251 Park Avenue South |
| Building Alternate address(es): | 251 Park Ave South |
| Zip Code: | 10010 |
| Neighborhood: | Gramercy Park |
| Borough: | Manhattan |
| Stories: | 16 |
| Year Built: | 1909 |
| Building Class: | B |
| Block & lot: | 00876-0001 |
Map Location
Office Tenants Rented / Leased 251 Park Avenue South
- Alfa Development leased 7,663 SF
- The Points Guy leased 7,659 SF
- Globant leased 7,656 SF
- Pond5 leased 7,659 SF
- Tusk Strategies leased 7,663 SF
- Pond5 leased 7,659 SF
- Bonnier Publishing leased 7,659 SF
Nearby Retail Tenants Leased
- leased 17,000 SF at 235 Park Avenue South
Thank you! we will be in touch.
Office Rent 251 Park Avenue South Average
| Year | $ / SF |
|---|---|
| 2018 | 64.0 |
| Year | $ / SF |
|---|---|
| 2022 | 57.0 |
Finnerty Economic Consulting, LLC. Testimonial
we love a challenge!
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.
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:
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.
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.
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