48 West 37th Street

Class: C + 10018 Buildings Penn Plaza/Garment

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

Nearby Office Spaces for Rent

Address $ / SF SF Monthly Rent
W 37th St & Avenue of the Americas $ 32 1,900 $ 5,066
W 37th St & Avenue of the Americas $ 48 1,300 $ 5,200
W 36th St & 6th Avenue $ 33 2,300 $ 6,325
W 36th St & Avenue of the Americas $ 31 2,500 $ 6,500
W 37th St & Between 5th Avenue $ 98 1,500 $ 12,187
Address $ / SF SF Monthly Rent
W 37th St & Between 5th Avenue $ 45 3,400 $ 12,750
Address $ / SF SF Monthly Rent
W 37th St & 6th Avenue $ 53 5,600 $ 24,733
W 37th St & Avenue of America $ 49 5,100 $ 20,825
W 37th St & Between 6th Avenue $ 47 5,300 $ 20,758
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Clemente Capital Testimonial

Clemente Capital testimonial

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.

48 West 37th Street Property Overview

Bulding Address: 48 W 37th St
Building Alternate address(es): 48 W 37th St
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:18
Year Built:1926
Building Class:C
Block & lot:00838-0076

Public Transportation

Time and Distance from 48 West 37th Street New York, NY 10018
Transit / Subway Distance Walk
34 Street-Herald Square Transit Stop (B, D, F, M, N, Q, R) 0.2 mi 5 min
33 St (PATH) Transit Stop (Hoboken-33rd Street, Journal Square-33rd Street) 0.3 mi 6 min
42 Street-Bryant Park Transit Stop (B, D, F, M) 0.3 mi 6 min
34 Street-Penn Station (1,2,3 Line) 0.4 mi 8 min
5 Avenue-Bryant Park Transit Stop (7) 0.4 mi 8 min

Map Location

Internet Providers at 48 West 37th Street

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
Level 3 Communications Fiber 10 Gb/s 10 Gb/s
Cablevision/Lightpath Fiber 10 Gb/s 10 Gb/s


Nearby Retail Tenants Leased
  • Chick-fil-A leased 5,000 SF at 1000 Avenue of the Americas

Office Rent 48 West 37th Street Average

Year $ / SF
2018 43.75
2021 39.33
2022 35.0
Year $ / SF
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