247 West 38th Street

Class: C + 10018 Buildings Penn Plaza/Garment

Nearby Office Spaces for Rent

Address $ / SF SF Monthly Rent
W 38th St & Eighth Avenue $ 36 2,700 $ 8,100
W 38th St & Eighth Avenue $ 33 1,400 $ 3,850
Address $ / SF SF Monthly Rent
W 38th St & Eight Avenue $ 36 3,900 $ 11,781
W 38th St & Eighth Avenue $ 36 3,300 $ 9,900
W 39th St & Eight Avenue $ 33 3,400 $ 9,350
W 39th St & Seventh Avenue $ 34 4,700 $ 13,316
Address $ / SF SF Monthly Rent
W 38th St & Eighth Avenue $ 39 5,000 $ 16,250
W 38th St & Seventh Avenue $ 39 9,100 $ 29,575
8th Ave & West 38th Street $ 36 12,000 $ 36,000

Sublease Office Spaces for Rent

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
$ / SF SF Monthly 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
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Argent Trading Testimonial

Argent Trading testimonial

247 West 38th Street

247 West 38th Street in Manhattan's Penn Plaza/Garment district has 143,000 square feet of excellent Class C workspace spread across 17 floors. Constructed in 1927, this building offers a range of leasing options suitable for offices of any size, including leases, coworking spaces, and subleasing arrangements. The location is highly desirable, with a convenient zip code of 10018 and numerous nearby coworking and subleasing alternatives. Despite the current trends in the market, the rental rates for office space remain consistently reasonable, averaging $32.5 per square foot in 2022 and $37.7 per square foot in 2021.

247 West 38th Street Property Overview

Bulding Address: 247 W 38th St
Bulding Name: Nelson Building
Building Alternate address(es): 247 W 38th St
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:17
Year Built:1927
Building Class:C
Block & lot:00788-0019

Map Location


Nearby Office Tenants Leased
  • Avcon Engineering PC leased 3,500 SF at 580 Eighth Ave

Nearby Retail Tenants Leased
  • Vihans leased 3,324 SF at 592 Eighth Ave

Office Rent 247 West 38th Street Average

Year $ / SF
2020 40.3
2021 37.7
2022 32.5
Year $ / SF
2018 50.66
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