Plaza District Office For Lease

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Plaza District Office Spaces For Rent

Address	$ / SF	SF	Monthly Rent
Small Plaza District Offices for Rent
Fifth Avenue & Madison Avenue	$ 43	1,000	$ 3,400
East 56th Street & East 57th Street	$ Negotiable	1,000	$ Negotiable
East 58th Street & East 57th Street	$ 34	1,000	$ 2,800
East 58th Street & East 57th Street	$ 34	1,000	$ 2,800
West 47th Street & West 48th Street	$ None	1,100	$ Negotiable
Avenue of the Americas & Fifth Avenue	$ Negotiable	1,100	$ Negotiable
Medium Plaza District Offices for Rent
Fifth Avenue & Madison Avenue	$ None	2,500	$ Negotiable
Between 5th Avenue & Madison Avenue	$ 32	2,500	$ 6,600
East 49th Street & East 50th Street	$ 62	2,500	$ 12,800
West 49th Street & West 50th Street	$ 83	2,500	$ 17,200
East 59th Street & East 60th Street	$ 70	2,500	$ 14,400
East 57th Street & East 58th Street	$ Negotiable	2,700	$ Negotiable
Large Plaza District Offices for Rent
East 49th Street & East 48th Street	$ None	10,000	$ Negotiable
West 53rd Street & West 54th Steet	$ 92	10,000	$ 76,600
East 47th Street & East 48th Street	$ 66	10,000	$ 55,000
West 53rd Street & West 54th Steet	$ 92	10,000	$ 76,600
West 56th Street & West 57th Street	$ 75	10,000	$ 62,400
Fifth Avenue & Madison Avenue	$ 38	10,100	$ 31,800

Address	$ / SF	SF	Monthly Rent
Small Plaza District Offices for Rent
Third Ave & East 50th Street	$ 45	1,000	$ 3,600
Third Ave & East 49th Street	$ None	1,000	$ Negotiable
None	$ 57	1,000	$ 4,600
Avenue of the Americas & West 51th Street	$ 65	1,000	$ 5,400
Madison Ave & East 52nd Street	$ Negotiable	1,100	$ Negotiable
Fifth Ave & East 57th Street	$ Negotiable	1,100	$ Negotiable
Medium Plaza District Offices for Rent
Lexington Ave & East 50th Street	$ Negotiable	2,500	$ Negotiable
Fifth Ave & West 53rd Street	$ 83	2,500	$ 17,200
Madison Ave & East 52nd Street	$ Negotiable	2,600	$ Negotiable
Fifth Ave & East 57th Street	$ 126	2,600	$ 27,200
Madison Ave & East 57th Street	$ 54	2,600	$ 11,600
Park Ave & East 52nd Street	$ None	2,700	$ Negotiable
Large Plaza District Offices for Rent
Madison Ave & East 57th Street	$ Negotiable	10,000	$ Negotiable
Madison Ave & East 57th Street	$ 42	10,000	$ 35,000
Third Ave & East 53rd Street	$ Negotiable	10,100	$ Negotiable
Fifth Ave & West 55th Street West 56th Street	$ Negotiable	10,300	$ Negotiable
Madison Ave & East 57th Street	$ 43	10,500	$ 37,600
Park Ave & East 57th Street	$ 88	10,800	$ 79,200

Address	$ / SF	SF	Monthly Rent
Small Plaza District Offices for Rent
Madison Ave & East 53rd Street	$ 144	1,000	$ 12,000.0
None	$ 144	1,100	$ Negotiable
W 57th Street & Avenue of America	$ None	1,100	$ Negotiable
Medium Plaza District Offices for Rent
Madison Ave & East 53rd Street	$ 144	2,500	$ 30,000.0
W 57th Street & Avenue of America	$ 114	2,900	$ 27,550.0
Madison Ave & East 51st Street	$ None	3,000	$ Negotiable
W 57th Street & Avenue of America	$ None	3,100	$ Negotiable
Large Plaza District Offices for Rent
E 49th Street & Fifth Avenue	$ 144	10,100	$ 121,200.0
None	$ 144	10,100	$ Negotiable

Address	$ / SF	SF	Monthly Rent

office Tenants Rented / Leased Plaza District

Signal AI leased 7,000 SF at 443 Park Avenue
Madison International Realty leased 25,000 SF at 300 Park Avenue
RF Binder Partners leased 11,305 SF at 950 Third Avenue
Cambridge Associates leased 10,191 SF at 437 Madison Avenue
Clayton Dubilier & Rice leased 12,773 SF at 375 Park Avenue
Strategic Value Partners leased 7,817 SF at 375 Park Avenue
Hans Holterbosch leased 3,000 SF at 375 Park Avenue

Plaza District Office Rent Average

Direct Office

Building Class	Year	$ / SF
A	2019	87.0
A	2020	264.0
A	2021	87.0
A	2022	129.0
A	2023	136.0

Building Class	Year	$ / SF
B	2019	68.0
B	2021	53.0
B	2022	65.0
B	2023	70.0

Year	$ / SF	Building Class

Plaza District

Neighborhood Summary

Boundaries for the Plaza District

The Plaza District is located in Midtown Manhattan and is bound by 6th Avenue to 3rd Avenue from 48th Street to 64th Street.

Class A Office Leases

The Plaza District contains 113 Class A office buildings offering 881 different office spaces for lease. In total, there are currently 11,933,895 square feet of rentable Class A office space available.

Class B Office Leases

The Plaza District contains 52 Class B office buildings offering 167 different office spaces for lease. In total, there are currently 389,672 square feet of rentable Class A office space available.

Commute to the Plaza District

The Plaza District contains a large number of subway stations, making the commute to the Plaza District efficient. The Plaza District includes the 6 train subway line, with stations on 51st Street Lexington Avenue, 59th Street Lexington Ave, and 63rd Street Lexington Ave. The E train subway line also connects the Plaza District with a station on 53rd Street and 5th Avenue. The F train subway line can be found on 57th Street and 6th Avenue. The N, Q, and R train subway line can be found on 60th Street and 5th Avenue. The Plaza District also borders Central Park which even makes walking a viable commuting option for those who live near Central Park.

Current Largest Tenants

Currently in the Plaza District office leasing market, WeWork stands as one of the largest tenants, recently signing a lease for 258,344 square feet of office space at 368 Ninth Avenue.

New Developments

The newest developments in the Plaza District office leasing market include Vornado Realty Trust’s plan for one of the biggest office buildings in New York City for 15 Penn Plaza.

History of Office Leasing in the Plaza District

The Plaza District is synonymous for the Pulitzer Plaza which sits on the southern tip of the eastern side of Central Park. There you will find the iconic Plaza Hotel and the many premium commercial buildings that surround the area. The Plaza District is known for hosting New York City’s most exclusive office spaces, with some office spaces asking $200 per square foot. Overlooking Central Park, office spaces in the Plaza District offer a unique working experience, blending the steel and concrete landscape of the city, with the greenery of Central Parks canopy.

Plaza District Tenant Broker

At Optimal Spaces, we understand how important it is to have access to the right office space to operate. That’s why we offer office space for rent or lease in and around the Plaza District. With our comprehensive selection of small, medium, or large office spaces, you can be assured that you will find the perfect fit for your business.

What sets us apart is our unique bidding process. With our team of experienced professionals, we can help you find the most cost-effective option for your business. In fact, you could save up to 15-20% off market rates with our services.

At Optimal Spaces, we are here to make sure you have the best office space for your business. With our wide variety of office spaces, you can choose from single offices, shared workspaces, and more. Plus, you can customize your space to create the perfect work environment. If you are looking for office or retail space in the Plaza District, look no further than Optimal Spaces. Our team of experienced professionals can help you find the right space for your business, while saving you money.

Contact us today to learn more about renting or leasing office space in the Plaza District. With our services, you can make sure that your business is set up for success.

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The Plaza District in NYC is renowned for its prestigious office space and upscale business environment. It is located in Midtown Manhattan, primarily centered around Fifth Avenue, between 42nd Street and 59th Street. Here are some key features and attractions of the Plaza District for office space:

1. Prime Location: The Plaza District is situated in the heart of Manhattan, offering close proximity to major financial institutions, luxury retailers, top-notch dining establishments, and cultural landmarks. It is easily accessible by public transportation, making commuting convenient for employees.

2. High-End Office Buildings: The district boasts some of the most prestigious office buildings in NYC, such as the General Motors Building, 712 Fifth Avenue, Solow Building, and Trump Tower. These buildings are known for their architectural grandeur and sophisticated interior design.

3. Class A Office Space: The Plaza District offers Class A office space, characterized by modern amenities, top-of-the-line infrastructure, cutting-edge technology, and superior building management services. The office spaces are designed to meet the needs of high-end corporate and professional firms.

4. Expansive Floorplans: The office spaces in the Plaza District are generally spacious, with large floorplans that cater to the needs of multinational corporations and financial institutions. The open layouts promote collaboration and flexibility.

5. Luxury Retail and Dining Options: The Plaza District is renowned for its luxury retail stores, including designer boutiques, upscale department stores, and flagship stores of renowned brands. The area also offers a wide range of fine dining options, providing a variety of cuisines and venues for business lunches and client entertainment.

6. Pedestrian-Friendly Streets: The streets in the Plaza District are well-maintained and pedestrian-friendly, with wide sidewalks, landscaped plazas, and ample seating areas. This creates a pleasant environment for employees and visitors alike.

7. Networking Opportunities: Being located in the Plaza District offers considerable networking opportunities due to the presence of numerous prestigious businesses, financial institutions, and corporate headquarters. The district attracts an array of professionals from diverse industries, fostering a vibrant business community.

8. Proximity to Central Park: The Plaza District is adjacent to Central Park, providing easy access to the park's recreational and leisure amenities. This allows office employees to enjoy green spaces, jogging paths, and outdoor activities during breaks or after work.

Overall, the Plaza District offers a prestigious and high-profile setting for office space, catering to the needs of companies seeking a prime address in a vibrant business hub in NYC.