1 Penn Plaza Office Spaces For Lease

Direct Office Spaces for Rent

$ / SF SF Monthly Rent
$ 80 1,300 $ 8,666
$ 80 2,900 $ 19,333
$ 81 2,400 $ 16,200
$ / SF SF Monthly Rent
$ 63 3,700 $ 19,425
$ 63 5,000 $ 26,250
$ 63 4,800 $ 25,200
$ / SF SF Monthly Rent
$ 80 18,600 $ 124,000
$ 81 10,000 $ 67,500
$ 63 10,300 $ 54,075

Sublease Office Spaces for Rent

$ / SF SF Space Notes
Negotiable 2,000 Inquire
$ / SF SF Space Notes
$ / SF SF Space Notes
Negotiable 5,000 Inquire
Negotiable 10,000 Inquire
$/Person
1-3 $2,000
4-8 $1,700
9-50+ $1,250
Luxury - Top Buildings
$/Person
10-20 People $1,700
21-50 People $1,600
51-100 People $ 1,500
Luxury - Top Buildings

Nearby Office Spaces for Rent

Address $ / SF SF Monthly Rent
Penn Plz & Eighth Avenue $ 80 1,300 $ 8,666
W 34th St & Eighth Avenue $ 48 1,200 $ 4,800
Seventh Ave & West 33rd Street $ 52 1,900 $ 8,233
Penn Plz & Eighth Avenue $ 80 1,300 $ 8,666
W 34th St & Eighth Avenue $ 48 1,200 $ 4,800
Seventh Ave & West 33rd Street $ 52 1,900 $ 8,233
Penn Plz & Eighth Avenue $ 80 1,300 $ 8,666
W 34th St & Eighth Avenue $ 48 1,200 $ 4,800
Seventh Ave & West 33rd Street $ 52 1,900 $ 8,233
Address $ / SF SF Monthly Rent
Penn Plz & Between West 33rd Street $ 80 3,400 $ 22,666
Penn Plz & Between West 33rd Street $ 80 3,400 $ 22,666
Penn Plz & Between West 33rd Street $ 80 3,400 $ 22,666
Address $ / SF SF Monthly Rent
Penn Plz & Ninth Avenue $ 69 14,900 $ 85,675
W 36th St & Eight Avenue $ 39 5,300 $ 17,225
Penn Plz & Ninth Avenue $ 69 14,900 $ 85,675
W 36th St & Eight Avenue $ 39 5,300 $ 17,225
Penn Plz & Ninth Avenue $ 69 14,900 $ 85,675
W 36th St & Eight Avenue $ 39 5,300 $ 17,225

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Lease Office 1 Penn Plaza

Market Data for 1 Penn Plaza

1 Penn Plaza rises 57 stories above the Pennsylvania Plaza development, with 2,522,000 square feet of Class A office space. The property was completed in 1972 and has sustained a number of renovations since its inception. 1 Penn Plaza lies across from Pennsylvania Station and actually includes direct access to the transportation hub. 1 Penn Plaza incorporates a sleek design, adorned with anodized aluminum and glass, the building remains consistent with the Modernist architectural style. 1 Penn Plaza office rent has continued with the general New York City commercial trend of rising office rent prices, with the average price per square foot in 2018 standing at $64.36, only to be surpassed by the 2019 average price of $78.00 per square foot. Tenants who lease office 1 Penn Plaza include Dimension Data with a lease for 12,000 square feet, Great American Insurance Group with a lease for 7,115 square feet, and Veritiv Operating Company with a lease for 14,635 square feet.

Building History

The Pennsylvania Plaza development has been arguably, the most contentious New York City development in history. The reason for the contention came from the destruction of the original Penn Station which incorporated neoclassical architecture reminiscent of Ancient Greece, with massive stone columns adorning the stations facade. The destruction of the original Penn Station is in large part responsible for why we still have Grand Central Terminal, since the outrage over the demolition sparked landmark reforms which now protect iconic structures, such as Grand Central Terminal from redevelopment. Lease office 1 Penn Plaza remains the tallest structure part of the Pennsylvania Plaza complex. 1 Penn Plaza office rent has remained consistent with market trends.

1 Penn Plaza Property Overview

Bulding Address: 1 Penn Plz
Bulding Name: One Penn Plaza
Building Alternate address(es): 1 Penn plz
Zip Code:10119
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:57
Year Built:1972
Building Class:A
Block & lot:00783-0070

Public Transportation

Time and Distance from 1 Penn Plaza New York, NY 10119
Transit / Subway Distance Walk
34 Street-Penn Station (A,C,E Line) 0.1 mi 2 min
34 Street-Penn Station (1,2,3 Line) 0.1 mi 2 min
34 Street-Herald Square Transit Stop (B, D, F, M, N, Q, R) 0.3 mi 6 min
33 St (PATH) Transit Stop (Hoboken-33rd Street, Journal Square-33rd Street) 0.3 mi 7 min
28 Street (1,2 Line) Transit Stop 0.4 mi 8 min

Map Location

Internet Providers at 1 Penn Plaza

Internet Provider Technology Max Download Speed Max Upload Speed
Lightower Fiber 1 Gb/s+ 1 Gb/s+
Cablevision/Lightpath Fiber 1 Gb/s+ 1 Gb/s+
Lightower Fiber 10 Gb/s 10 Gb/s
Cablevision/Lightpath Fiber 10 Gb/s 10 Gb/s

Nearby Office Tenants Leased
  • American Lebanese Syrian Associated Charities leased 7,800 SF at 14 Penn Plaza
  • Peller and Company LLC leased 3,155 SF at 450 Seventh Ave
  • iCorps Technologies leased 1,400 SF at 494 Eighth Ave
  • Cho CPA leased 580 SF at 421 Seventh Ave

Nearby Retail Tenants Leased
  • Tony's Shoe Repair leased 605 SF at 450 Seventh Ave

Office Rent 1 Penn Plaza Average

Year $ / SF
2018 64.36
2019 78.0
Year $ / SF
2018 64.0
2019 65.0
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