587 Fifth Avenue
Class: B + 10017 Buildings Plaza District
Direct Office Spaces for Rent
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 4,500 | Negotiable |
| $ 39 | 4,500 | $ 14,625 |
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Please notify me when a new space is available | ||
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Please notify me when a new space is available | ||
Nearby Office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 48th St & Madison Avenue | $ 45 | 2,500 | $ 9,375 |
| E 48th St & Between 5th Avenue | $ 40 | 2,400 | $ 7,900 |
| Fifth Ave & East 49th Street | $ 58 | 2,500 | $ 12,000 |
| E 46th St & Fifth Avenue | $ 42 | 2,700 | $ 9,450 |
| E 49th St & Between 5th Avenue | $ 36 | 2,500 | $ 7,500 |
| Madison Ave & East 49th Street | $ 36 | 2,900 | $ 8,700 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 47th St & Madison Avenue | $ 41 | 2,500 | $ 8,479 |
| W 46th St & Fifth Avenue | $ 57 | 1,100 | $ 5,225 |
| W 46th St & Avenue of the Americas | $ 40 | 1,800 | $ 6,000 |
| W 47th St & Avenue of the Americas | $ 53 | 2,900 | $ 12,808 |
| E 44th St & Fifth Avenue | $ 55 | 2,500 | $ 11,458 |
| E 44th St & Fifth Avenue | $ 35 | 2,500 | $ 7,291 |
| E 44th St & Madison Avenue | $ 45 | 2,700 | $ 10,125 |
| W 46th St & Between 7th Avenue | $ 32 | 2,900 | $ 7,733 |
| Address | $ / SF | SF | Monthly Rent |
|---|
Sublease Office Spaces for Rent
| $ / SF | SF | Monthly Rent |
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| $ / SF | SF | Monthly Rent |
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| $ / SF | SF | Monthly Rent |
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Nearby Sublease Office Spaces for Rent
Nearby Coworking Office Spaces for Rent
| Type of Space | Class A | Class B | Class C |
|---|---|---|---|
| Windowed office/person | $ 2,500/mo | $ 1,500/mo | $ 1,000/mo |
| Interior office/person | $ 1,500/mo | $ 1,000/mo | $ 700/mo |
587 Fifth Avenue Medical Spaces
Direct Office Spaces for Rent
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Double Agent Testimonial
587 Fifth Avenue
587 Fifth Avenue, located in Manhattan's Plaza District, is a 10-story office building that provides a range of leasing options, including coworking and subleasing. With a Class B rating and covering an area of 44,116 square feet, the property offers various rental choices, catering to small, medium, and large businesses. It is equipped with fiber providers such as Verizon New York, Lightower, and Stealth Communications. The building enjoys excellent transportation access, as it is conveniently located within walking distance of multiple train lines, including B, D, F, M, E, and 7. In 2022, the average rental price for office space is $45.0 per square foot, which marks a decrease from the 2019 average price of $69.0 per square foot. This reduction is an unexpected deviation from the prevailing market trends.
587 Fifth Avenue Property Overview
| Bulding Address: | 587 Fifth Ave |
| Building Alternate address(es): | 587 5th Ave |
| Zip Code: | 10017 |
| Neighborhood: | Plaza District |
| Borough: | Manhattan |
| Stories: | 10 |
| Year Built: | 1920 |
| Building Class: | B |
| Block & lot: | 01283-0072 |
Map Location
Internet Providers at 587 Fifth Avenue
| Internet Provider | Technology | Max Download Speed | Max Upload Speed |
|---|---|---|---|
| Verizon New York | Fiber | 1 Gb/s | 25 Mb/s |
| Lightower | Fiber | 10 Gb/s | 10 Gb/s |
| Stealth Communications | Fiber | 10 Gb/s | 10 Gb/s |
Office Tenants Rented / Leased 587 Fifth Avenue
- Art De La Beaute Corporation leased 8,660 SF
- Nest Seekers leased 4,330 SF
- Gemological Science Insti… leased 4,110 SF
- Fieve Clinical Research leased 1,622 SF
- Ses Creations leased 500 SF
- Just One Life leased 2,750 SF
Nearby Office Tenants Leased
Nearby Retail Tenants Leased
- Bank Leumi USA leased 60,000 SF at 579 Fifth Ave
- Barneys leased 48,000 SF at 575 Fifth Ave
- Sephora leased 12,482 SF at 597 Fifth Ave
- Halyard Capital Management leased 7,900 SF at 600 Fifth Ave
- Andiamond LLC leased 5,063 SF at 590 Fifth Ave
- EGL Gem Labs Ltd. leased 5,000 SF at 580 Fifth Ave
- N.E.R. Diamonds leased 1,280 SF at 576 Fifth Ave
- MJH Sales Inc. leased 631 SF at 609 Fifth Ave
Nearby Retail Tenants Leased
- H&M; leased 57,000 SF at 589 Fifth Ave
- Guess leased 13,000 SF at 575 Fifth Ave
- Free People leased 7,000 SF at 600 Fifth Ave
- Sunglass Hut leased 7,000 SF at 605 Fifth Ave
- Lao Feng Xiang Jewelry leased 4,500 SF at 585 Fifth Ave
- Skechers USA leased 2,000 SF at 590 Fifth Ave
- Michel Cluizel leased 750 SF at 580 Fifth Ave
Office Rent 587 Fifth Avenue Average
| Year | $ / SF |
|---|---|
| 2018 | 62.44 |
| 2019 | 69.0 |
| 2022 | 45.0 |
| Year | $ / SF |
|---|---|
| 2019 | 54.0 |
