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Rent/Lease Office 245 Fifth Ave

$ / SF SF Monthly Rent
Negotiable
3,500
Negotiable
Negotiable
8,900
Negotiable
$ / SF SF Monthly Rent
Negotiable
13,600
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Fifth Ave & East 19th Street $ 77
8,800
$ 56,466
Fifth Ave & East 16th Street $ 42
10,100
$ 35,350
Park Ave S & Between East 19th Street $ 60
7,700
$ 38,500
Madison Ave & East 29th Avenue $ 59
10,500
$ 51,625
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Type of Space Class A/month Class B/month Class C/month
Windowed office/person
Interior office/person
Team Rooms
Suites

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Madison Ave & East 25th Street $ 92
9,100
$ 69,766
Park Ave S & East 20th Street $ 81
13,000
$ 87,750
Address $ / SF SF Monthly Rent
Park Ave S & East 17th Street $ 96
4,000
$ 31,833
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
E 26th St & Fifth Avenue $ 125
12,100
$ 126,041
Park Ave S & East 20th Street $ 79
13,000
$ 85,583
Park Ave S & Between East 19th Street $ 67
7,700
$ 42,991
Park Ave S & East 27th Street $ 75
8,700
$ 54,375
Broadway & Between East 13th Street $ 70
12,700
$ 74,612
Madison Ave & East 29th Avenue $ 61
8,300
$ 42,191
E 23rd St & Park Avenue $ 42
18,400
$ 63,633
Park Ave S & East 26th Street $ 48
12,000
$ 48,500
Park Ave S & East 27th Street $ 70
13,100
$ 75,870
Madison Ave & East 28th Street $ 40
18,500
$ 61,666
Fifth Ave & East 29th Street $ 79
12,500
$ 82,291
Address $ / SF SF Monthly Rent
Fifth Ave & East 29th Street $ 74
4,700
$ 28,983
Park Ave S & East 26th Street $ 75
2,700
$ 16,875
Broadway & East 18th Street $ 74
2,500
$ 15,312
University Pl & East 12th Street $ 51
6,500
$ 27,625
E 23rd St & Park Avenue $ 43
6,100
$ 21,858
Broadway & East 20th Street $ 77
3,700
$ 23,741
Broadway & Between East 19th Street $ 77
5,300
$ 34,008
Park Ave S & East 26th Street $ 71
3,900
$ 23,075
Union Sq W & East 16th Street $ 67
3,700
$ 20,658
Address $ / SF SF Monthly Rent
E 23rd St & Third Avenue $ 44
2,400
$ 8,700
Broadway & East 18th Street $ 72
1,800
$ 10,725
Park Ave S & East 26th Street $ 61
2,100
$ 10,675
Fifth Ave & East 29th Street $ 73
2,000
$ 12,100
Broadway & Between East 19th Street $ 75
2,200
$ 13,750
Address $ / SF SF Monthly Rent
Madison Ave & East 30th Street $ 40
11,000
$ 36,208
E 23rd St & Lexington Avenue $ 68
21,600
$ 121,500
E 19th St & Broadway $ 52
7,700
$ 33,687
Address $ / SF SF Monthly Rent
E 23rd St & Park Avenue $ 35
2,800
$ 8,166
Fifth Ave & Between East 28th Street $ 54
5,000
$ 22,291
E 19th St & Broadway $ 56
5,500
$ 25,437
Fifth Ave & East 29th Street $ 60
2,500
$ 12,500
Address $ / SF SF Monthly Rent
E 28th St & Park Avenue South $ 36
2,300
$ 6,995
Broadway & East 21st Street $ 72
1,800
$ 10,875

Retail Spaces for Rent at 245 Fifth Ave

Rent Medical Space at 245 Fifth Ave

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 245 Fifth Avenue. This trend is projected to continue. Opportunities for subleases remain available at 245 Fifth Avenue and in the nearby Gramercy Park neighborhood.
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245 Fifth Avenue Property Overview

Building Address: 245 Fifth Ave, New York NY 10016
Building Alternate Address: 245 5th Ave
Zip Code:10016
Neighborhood:Gramercy Park
Borough:Manhattan
Stories:26
Year Built:1927
Building Class:B
Block & lot:00857-0076

History of 245 Fifth Avenue, Manhattan, NYC

245 Fifth Avenue is a 24-story commercial building located on the fashionable corner of 28th Street in Manhattan, just blocks from Madison Square Park. It was completed in 1927 and designed by architect George F. Pelham. The building features a beautiful Art Deco lobby and offers impressive office spaces with dramatic views of New York City.

Situated in Midtown South, this building enjoys a prime location in a vibrant commercial district that has evolved into a hub for New York's creative and tech industries. The area around 245 Fifth Avenue is noted for its proximity to world-class hotels, restaurants, and public transportation, making it a distinguished address in the city.

Over the years, 245 Fifth Avenue has maintained its status as an important commercial property within Manhattan, blending historical charm with modern amenities. Its distinctive architectural style and central location continue to attract a diverse range of tenants and contribute to the dynamic energy of the neighborhood.

245 Fifth Avenue

Located at the fashionable corner of 28th Street and Fifth Avenue in Midtown South Manhattan, New York City, 245 Fifth Avenue is a premier 24-story commercial office building completed in 1927.

Overview

Designed by architect George F. Pelham, this Art Deco style building features a beautifully renovated lobby and offers expansive, flexible floorplates with high ceilings and large windows providing dramatic views of New York City and Madison Square Park just blocks away.

Location

Situated in the NoMad district, 245 Fifth Avenue offers proximity to iconic landmarks such as Madison Square Park, the Flatiron Building, world-class hotels, upscale restaurants, and extensive public transportation options including nearby subway stations for the N, R, W, 6, 4, 5, and 7 lines.

Building Features

  • Class A office space totaling approximately 315,000 square feet
  • 24/7 video surveillance and daytime reception
  • Newly renovated Art Deco lobby with stainless steel finishes and restored terrazzo flooring
  • Flexible floor layouts suitable for a variety of business needs
  • Abundant natural light due to corner location and window design
  • Close access to major public transit and pedestrian traffic areas

Neighborhood

The building lies in Midtown South, a bustling area known for being a hub of creative and tech industries, with a lively mix of retail, dining, and cultural attractions. It connects easily to Midtown, downtown, eastside, and westside Manhattan.


245 Fifth Avenue in Manhattan, NYC, offers a range of amenities designed to enhance the work experience. Key features include:

  • Modern Fitness Center – Equipped with current exercise equipment, ideal for a workout during or after work hours.
  • Inviting Communal Areas – Spaces that foster collaboration and networking among tenants.
  • Onsite Dining Options – Convenient places to dine and meet clients.
  • Flexible and High-End Office Space – Featuring glass front offices, open floor plans, and adaptable layouts.
  • 24/7 Video Surveillance – Ensures a secure working environment around the clock.
  • Daytime Reception – Welcoming visitors and guests during business hours.
  • Newly Renovated Lobby – Art Deco style with modern elements.
  • Conference and Meeting Spaces – Equipped for presentations and discussions.

Located near Madison Square Park, this building provides easy access to public transportation and numerous dining, shopping, and entertainment options.


245 Fifth Avenue Office Tenants

245 Fifth Avenue is a distinguished 24-story commercial building in Manhattan’s Midtown South district, known for its prime location near Madison Square Park and Fifth Avenue. The building features approximately 315,000 square feet of Class A office space, characterized by high-end finishes, flexible floor plates, and stunning New York City views.

The building offers a modern, art deco lobby with 24/7 video surveillance and daytime reception, ensuring a secure and welcoming environment for tenants. Spaces are designed with polished concrete floors, high exposed ceilings, glass-front offices, and advanced infrastructure to support diverse business needs.

Tenants at 245 Fifth Avenue come from a wide range of industries, including creative agencies, healthcare, nutrition, media, and technology. Notable occupants include Elite Model Management, Integrative Nutrition, Enigma, and Elite Health Center. This vibrant tenant community benefits from the building’s proximity to a variety of upscale dining, retail, and transportation options, enhancing the work-life experience.

With easy access to multiple subway lines and major transportation hubs, the location is ideal for businesses seeking connectivity and prestige in Manhattan.


Internet Providers at 245 Fifth Ave, Manhattan, NYC

The building at 245 Fifth Ave in Manhattan, NYC is served by several major internet providers offering a range of connection types including fiber, cable, and 5G internet. Below are the prominent providers available in this area:

Verizon Fios

  • Connection Type: Fiber Optic, 5G Internet
  • Starting Price: Around $49.99/month
  • Speeds Up To: 2.3 Gbps
  • Benefits: High speeds with excellent customer service, available fiber and 5G options, bundles with phone and TV

Astound Broadband Powered by RCN

  • Connection Type: Cable, Fiber
  • Starting Price: Approximately $35/month
  • Speeds Up To: 1.5 Gbps
  • Benefits: Affordable pricing, unlimited data usage, extensive fiber network coverage in Manhattan

Spectrum

  • Connection Type: Cable, Fiber
  • Starting Price: Around $30-$50/month
  • Speeds Up To: 1 Gbps
  • Benefits: Ubiquitous coverage throughout Manhattan, no data caps, TV and phone bundles available

Xfinity

  • Connection Type: Cable
  • Starting Price: Approximately $30/month
  • Speeds Up To: 2 Gbps
  • Benefits: High-speed cable internet with bundle options

T-Mobile Home Internet

  • Connection Type: 5G Internet
  • Starting Price: Around $50/month
  • Speeds Up To: Up to 415 Mbps typical download speeds
  • Benefits: Wireless 5G internet suitable for flexible setups

Satellite Providers (for coverage fallback)

  • HughesNet - Speeds up to 100 Mbps
  • Viasat - Speeds up to 150 Mbps
  • Starlink - Speeds up to 220 Mbps

245 Fifth Avenue is a commercial building located in Midtown South, Manhattan, NYC, on the fashionable corner of 28th Street.

Transportation Options: - Proximity to multiple subway lines: N, Q, R, W, F, M, 4, 6, 1, 2, 3, B, D. - Nearby major transportation hubs include Grand Central Terminal and Penn Station. - Easy access to numerous bus routes.

Nearest Landmarks: - Madison Square Park - Flatiron Building

Cross Streets: - 28th Street - Fifth Avenue


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Why Optimal Spaces –
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  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
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  • Specialized real estate expertise.

Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.

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