8 West 38th Street
Class: B + 10018 Buildings Penn Plaza/Garment
Direct Office Spaces for Rent
Nearby Office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & West 38th Street | $ 76 | 27,900 | $ 176,700 |
| Fifth Ave & East 40th Street | $ 72 | 6,900 | $ 41,241 |
| E 40th St & Fifth Avenue | $ 71 | 8,800 | $ 51,846 |
| Fifth Ave & East 41st Avenue | $ 89 | 15,600 | $ 115,310 |
| Madison Ave & East 39th Street | $ 51 | 26,600 | $ 112,662 |
| Madison Ave & East 35th Street | $ 53 | 18,600 | $ 81,723 |
Sublease Office Spaces for Rent
Nearby Sublease Office Spaces for Rent
| Address | $ / 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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Clemente Capital Testimonial
8 West 38th Street
Situated in Manhattan's Penn Plaza/Garment district, 8 West 38th Street presents an opportunity to lease a 12-story office building comprising 112,120 square feet of office space with a Class B rating. Regardless of your office size requirements, we offer flexible subleasing options and have neighboring buildings to cater to your needs. Although coworking options are unavailable at this time, we provide complimentary negotiation services to assist in securing the most favorable leasing agreements. Our building boasts high-speed fiber providers such as Level 3 Communications, Verizon New York, and tw telecom. The average office rent per square foot for 2021 and 2022 stands at $45, aligning with current market trends. With convenient access to various subway lines including 5 Avenue-Bryant Park, 42 Street-Bryant Park, 34 Street-Herald Square, and Grand Central-42 Street Subway Stations, as well as the PATH Transit Stop at the 33 St Subway Station, our location is highly accessible.
8 West 38th Street Property Overview
| Bulding Address: | 8 W 38th St |
| Building Alternate address(es): | 8 W 38th St |
| Zip Code: | 10018 |
| Neighborhood: | Penn Plaza/Garment |
| Borough: | Manhattan |
| Stories: | 12 |
| Year Built: | 1913 |
| Building Class: | B |
| Block & lot: | 00839-0055 |
Map Location
Nearby Office Tenants Leased
Nearby Retail Tenants Leased
- Totes Isotoner leased 29,000 SF at 420 Fifth Ave
Nearby Retail Tenants Leased
- Hole in the Wall Coffee leased 200 SF at 420 Fifth Ave
Office Rent 8 West 38th Street Average
| Year | $ / SF |
|---|---|
| 2018 | 49.0 |
| 2019 | 58.0 |
| 2020 | 62.36 |
| 2021 | 45.0 |
| 2022 | 45.0 |
| Year | $ / SF |
|---|---|
| 2019 | 50.5 |
