48 West 37th Street

Located in the highly sought-after Penn Plaza/Garment neighborhood of Manhattan, 48 West 37th Street is an impressive 18-story office building. With a total rental space of 169,853 square feet, this property offers a wide range of office options suitable for businesses of all sizes. Despite its construction in 1926, the building exudes a timeless elegance and style that appeals to companies from a variety of industries.

When it comes to internet connectivity, tenants at 48 West 37th Street can count on reliable and high-speed service from fiber optic providers like Verizon New York, Lightower, Level 3 Communications, and Cablevision/Lightpath. While co-working spaces are not currently available within the building, we are more than happy to assist clients in finding the best deals on co-working spaces in the surrounding area at no extra cost. With lease and sublease options available, 48 West 37th Street provides flexible leasing arrangements to accommodate a diverse range of needs.

One noteworthy aspect to consider when leasing an office at 48 West 37th Street is that the average price per square foot does not follow the market trends. This presents an opportunity to secure a fantastic deal on rental space.

Commute convenience is another advantage of 48 West 37th Street, as several transit options can be reached within minutes on foot. The 34 Street-Herald Square Subway Station grants access to the B, D, F, M, N, Q, and R train lines, while the 33 St Subway Station provides access to PATH Transit Stop train lines. Additionally, the 42 Street-Bryant Park and 34 Street-Penn Station Subway Stations are within an 8-minute walk and offer further train line options. The 7 train lines are also conveniently accessible at the 5 Avenue-Bryant Park Subway Station, which is just an 8-minute walk away.

In terms of pricing, the average office rent at 48 West 37th Street was $35.0 per square foot in 2022 and $39.33 per square foot in 2021. Whether your business is in its early stages or expanding, 48 West 37th Street could be the ideal address for you.