488 Madison Avenue
Class: A + 10022 Buildings Plaza District
Direct Office Spaces for Rent
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 5,400 | Negotiable |
| $ 61 | 5,400 | $ 27,573 |
| $ / 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 |
|---|---|---|---|
| Madison Ave & East 51st Street | $ 99 | 5,200 | $ 42,900 |
| Madison Ave & East 52nd Street | $ 57 | 8,200 | $ 39,274 |
| Madison Ave & East 53rd Street East 52nd Street | $ 136 | 5,900 | $ 66,866 |
| Fifth Ave & West 52nd Street | $ 96 | 20,600 | $ 164,714 |
| Fifth Ave & East 51st Street | $ 68 | 7,600 | $ 43,066 |
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488 Madison Avenue
Situated in the prestigious Plaza District of Manhattan, 488 Madison Avenue is a highly regarded 24-story office building. If you are in need of office space in this prime location, we have the latest information to assist you. Currently, coworking options are not available at 488 Madison Avenue. However, we can help you secure the best possible deals without any fees, utilizing our negotiation skills to ensure you get the most advantageous deal on the market.
With its location in Zip Code 10022, 488 Madison Avenue offers an impressive 447,000 square feet of Class A office space for rent. The building was completed in 1949 and offers fiber providers such as Verizon New York, Level 3 Communications, and Cablevision/Lightpath. Notable tenants include TBWA Worldwide, which has leased 107,308 square feet. Whether you require a small, medium, or large office space, there are various rental options available at 488 Madison Avenue.
In addition, if you are considering other nearby office building lease options, we can provide sublease options at 488 Madison Avenue. In 2021, the average rental price per square foot for office space at this location was $78.0, compared to $60.0 per square foot in 2020. These prices align with market trends, making 488 Madison Avenue an attractive choice for businesses looking to establish a presence in the heart of Manhattan.
With its location in Zip Code 10022, 488 Madison Avenue offers an impressive 447,000 square feet of Class A office space for rent. The building was completed in 1949 and offers fiber providers such as Verizon New York, Level 3 Communications, and Cablevision/Lightpath. Notable tenants include TBWA Worldwide, which has leased 107,308 square feet. Whether you require a small, medium, or large office space, there are various rental options available at 488 Madison Avenue.
In addition, if you are considering other nearby office building lease options, we can provide sublease options at 488 Madison Avenue. In 2021, the average rental price per square foot for office space at this location was $78.0, compared to $60.0 per square foot in 2020. These prices align with market trends, making 488 Madison Avenue an attractive choice for businesses looking to establish a presence in the heart of Manhattan.
488 Madison Avenue Property Overview
| Bulding Address: | 488 Madison Ave |
| Bulding Name: | Institutional Investors Building |
| Building Alternate address(es): | 488 Madison Ave |
| Zip Code: | 10022 |
| Neighborhood: | Plaza District |
| Borough: | Manhattan |
| Stories: | 24 |
| Year Built: | 1949 |
| Building Class: | A |
| Block & lot: | 01287-0014 |
Map Location
Internet Providers at 488 Madison Avenue
| Internet Provider | Technology | Max Download Speed | Max Upload Speed |
|---|---|---|---|
| Verizon New York | Fiber | 1 Gb/s | 25 Mb/s |
| Level 3 Communications | Fiber | 10 Gb/s | 10 Gb/s |
| Cablevision/Lightpath | Fiber | 10 Gb/s | 10 Gb/s |
Office Tenants Rented / Leased 488 Madison Avenue
- Lagard leased 18,555 SF
- Grassi & Co. leased 10,311 SF
- TBWA Worldwide leased 107,308 SF
- Crowe Horwath LLC leased 7,360 SF
- Manhattan Valley Capital LLC leased 14,054 SF
- Certain & Zilberg, PLLC Tr… leased 3,030 SF
- Standard Security Life Ins… leased 11,314 SF
Nearby Retail Tenants Leased
- Tourneau leased 3,300 SF at 510 Madison Ave
- Wempe leased 2,877 SF at 665 Fifth Ave
- Carat leased 550 SF at 509 Madison Ave
Office Rent 488 Madison Avenue Average
| Year | $ / SF |
|---|---|
| 2018 | 70.0 |
| 2019 | 68.0 |
| 2020 | 60.0 |
| 2021 | 78.0 |
| Year | $ / SF |
|---|---|
| 2020 | 41.0 |
