1 Penn Plaza

Class: A + 10119 Buildings Penn Plaza/Garment

Direct Office Spaces for Rent

$ / SF SF Monthly Rent
Negotiable 2,900 Negotiable
$ 74 2,900 $ 17,907
$ / SF SF Monthly Rent
Negotiable 3,300 Negotiable
$ 74 3,800 $ 23,465
$ / SF SF Monthly Rent
$ 74 5,000 $ 30,875

Sublease Office Spaces for Rent

$ / SF SF Monthly Rent
Negotiable 3,000 Negotiable
$ 72 3,000 $ 18,000
$ / SF SF Monthly Rent
Negotiable 4,700 Negotiable
$ 73 3,500 $ 21,364
$ / SF SF Monthly Rent
Negotiable 5,300 Negotiable

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 34th St & Eighth Avenue $ 31 1,200 $ 3,100
W 35th St & Eight Avenue $ 52 1,700 $ 7,366
W 35th St & Eighth Avenue $ 34 2,800 $ 7,933
W 35th St & Seventh Avenue $ 38 1,400 $ 4,433
W 35th St & Seventh Avenue $ 36 2,100 $ 6,300
Address $ / SF SF Monthly Rent
Penn Plaza & Eighth Avenue $ 55 3,500 $ 16,041
Penn Plaza & Between 7th Avenue $ 63 4,900 $ 25,796
Penn Plaza & Between 7th Avenue $ 65 4,700 $ 25,301
Penn Plz & West 33rd Street $ 66 3,900 $ 21,303
Address $ / SF SF Monthly Rent
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Innisfree Mergers and Acquisitions Testimonial

Innisfree Mergers and Acquisitions testimonial

1 Penn Plaza

1 Penn Plaza is an enormous 57-story office building situated in the Penn Plaza/Garment District of Manhattan. It offers a range of rental options, including coworking, leasing, and subleasing. It boasts a total of 2,522,000 square feet of top-quality office space, with construction completed in 1972. The building is equipped with high-speed internet infrastructure provided by reputable fiber providers like Lightower, Cablevision/Lightpath, Lightower & Cablevision/Lightpath. It is home to a number of prestigious tenants, including Publicis Groupe, BMG Columbia House, United Health Group, and Cisco Systems. The available rent options cater to both small and large office spaces.

This prime location benefits from excellent transport connections. Multiple train lines, including A, C, E, 1, 2, 3, B, D, F, M, N, Q, R, and PATH, have stations within walking distance. The average office rent at 1 Penn Plaza in 2022 was $85.0 per square foot, in line with current 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
  • Watson Rice leased 13,500 SF at 5 Penn Plaza
  • 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
2022 85.0
Year $ / SF
2018 64.0
2019 65.0
2021 61.0
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