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Rent Office 49 West 38th Street

$ / SF SF Monthly Rent
$ 47
3,900
$ 15,275

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Bryant Park & 6th Avenue $ 62
14,000
$ 71,750
Penn Plaza & West 33rd Street $ 42
29,000
$ 102,708
Broadway & West 36th Street $ 48
11,700
$ 46,800
Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 54
3,200
$ 14,266
Broadway & West 41st Street $ 56
4,700
$ 21,933
Fifth Ave & West 33rd Street $ 69
4,300
$ 24,725
Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 55
2,200
$ 10,083
Address $ / SF SF Monthly Rent
W 40th St & Between West 39th Street $ 38
15,100
$ 47,816
W 37th St & Avenue of America $ 36
10,200
$ 30,600
W 37th St & 6th Avenue $ 34
11,400
$ 32,300
Broadway & West 37th Street $ 42
11,100
$ 38,850
Seventh Ave & West 38th Street $ 38
7,700
$ 24,383
Address $ / SF SF Monthly Rent
6th Ave & Between Broadway $ 47
4,400
$ 17,233
Seventh Ave & West 38th Street $ 45
5,200
$ 19,500
W 37th St & Between 5th Avenue $ 50
3,200
$ 13,333
W 37th St & 6th Avenue $ 35
3,500
$ 10,208
Address $ / SF SF Monthly Rent
Fifth Ave & East 35th Street $ 40
2,100
$ 7,000
Seventh Ave & West 38th Street $ 45
2,400
$ 9,000
Penn Plaza & Eighth Avenue $ 40
1,800
$ 6,000
Tenth Ave & West 37th Street $ 46
2,200
$ 8,433
W 36th St & Between 8th Avenue $ 38
1,600
$ 5,000
Address $ / SF SF Monthly Rent
W 37th St & Seventh Avenue $ 30
7,300
$ 18,250
W 36th St & Eight Avenue $ 33
7,800
$ 21,450
W 30th St & Between West 30th Street $ 30
7,100
$ 17,750
W 35th St & Between West 35th Street $ 33
7,500
$ 20,625
Address $ / SF SF Monthly Rent
Broadway & West 32nd Street $ 46
3,500
$ 13,498
W 37th St & Ninth Avenue $ 40
4,500
$ 15,000
W 39th St & Avenue of the Americas $ 35
4,200
$ 12,250
W 30th St & Between West 30th Street $ 31
5,000
$ 12,916
Penn Plaza & West 30th Street $ 46
2,500
$ 9,583
W 36th St & Eight Avenue $ 34
6,000
$ 16,750
W 35th St & Between West 35th Street $ 34
5,300
$ 14,795
W 38th St & Eighth Avenue $ 35
4,400
$ 12,833
W 37th St & Seventh Avenue $ 30
6,800
$ 17,000
W 36th St & Eighth Avenue $ 50
3,700
$ 15,262
Address $ / SF SF Monthly Rent
Penn Plaza & West 30th Street $ 46
2,000
$ 7,750
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2100 $ 1300 $ 962
Interior office/person $ 1350 $ 800 $ 712
Team Rooms $ 10100 $ 8050 $ 5212
Suites $ 20100 $ 12050 $ 7212

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Broadway & West 39th Street $ 59
10,900
$ 53,591
Bryant Park & Avenue of America $ 99
7,400
$ 61,050
1 Plz & West 33rd Street $ 105
19,100
$ 167,125
Broadway & West 41st Street $ 72
13,200
$ 79,200
Fifth Ave & West 38th Street $ 58
17,600
$ 85,066
Ninth Ave & Between Dyer Avenue $ 130
9,400
$ 101,441
Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 55
2,800
$ 12,833
1 Plz & West 33rd Street $ 105
3,200
$ 28,000
W 34th St & Between 7th Avenue $ 70
4,700
$ 27,416
Broadway & West 36th Street $ 66
4,600
$ 25,300
2 & West 31st Street $ 141
5,300
$ 62,275
Fifth Ave & West 38th Street $ 62
3,800
$ 19,475
W 38th St & Avenue of the Americas $ 56
3,500
$ 16,479
W 37th St & Between 5th Avenue $ 63
3,200
$ 16,800
Broadway & West 37th Street $ 67
5,500
$ 30,708
Address $ / SF SF Monthly Rent
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Broadway & West 37th Street $ 67
2,300
$ 12,841
Address $ / SF SF Monthly Rent
6th Ave & Between Broadway $ 59
7,600
$ 37,366
Broadway & West 39th Street $ 52
21,400
$ 92,733
W 39th St & Avenue of America $ 49
7,800
$ 31,850
Broadway & West 38th Street $ 54
9,500
$ 42,750
W 39th St & Eighth Avenue $ 42
9,300
$ 32,162
W 39th St & Eight Avenue $ 42
11,400
$ 39,900
7th Ave & Between 7th Avenue $ 56
7,800
$ 36,725
Seventh Ave & Sixtenth Street $ 48
10,000
$ 39,583
Eighth Ave & West 36th Street $ 42
7,500
$ 25,937
Eighth Ave & Between 8th Avenue $ 41
7,900
$ 26,991
W 36th St & Avenue of the Americas $ 46
10,000
$ 37,916
Broadway & West 32nd Street $ 45
9,800
$ 36,750
W 38th St & 5th Avenue $ 63
7,500
$ 39,375
Fifth Ave & West 34th Street $ 50
7,400
$ 30,833
Seventh Ave & West 35th Street $ 62
9,300
$ 48,050
Tenth Ave & West 37th Street $ 50
7,900
$ 33,245
W 33rd St & Fifth Avenue $ 42
7,100
$ 24,554
W 34th St & Fifth Avenue $ 32
7,300
$ 19,770
Address $ / SF SF Monthly Rent
W 39th St & Ninth Avenue $ 39
3,500
$ 11,375
Broadway & West 38th Street $ 49
2,800
$ 11,433
W 39th St & Eight Avenue $ 35
3,000
$ 8,750
Seventh Ave & West 38th Street $ 52
3,100
$ 13,433
Broadway & West 39th Street $ 52
3,000
$ 13,000
Eighth Ave & Between 8th Avenue $ 38
2,700
$ 8,550
Eighth Ave & West 35th Street $ 35
3,200
$ 9,333
Eighth Ave & West 36th Street $ 38
2,700
$ 8,550
W 42nd St & Broadway $ 64
2,500
$ 13,333
Address $ / SF SF Monthly Rent
6th Ave & Between Broadway $ 58
1,900
$ 9,183
Broadway & West 39th Street $ 52
1,700
$ 7,366
W 36th St & Between West 36th Street $ 35
1,600
$ 4,666
W 38th St & Between West 37th Street $ 35
2,200
$ 6,416
Seventh Ave & West 40 Street $ 54
1,500
$ 6,750
Eighth Ave & West 35th Street $ 35
1,700
$ 4,958
W 39th St & Ninth Avenue $ 39
1,800
$ 5,850
Eighth Ave & West 37th Street $ 37
1,700
$ 5,241
W 40th St & Avenue of America $ 74
1,600
$ 9,800
Broadway & West 38th Street $ 52
1,900
$ 8,154
W 34th St & Avenue of America $ 47
2,000
$ 7,833
7th Ave & Between 7th Avenue $ 56
1,600
$ 7,533
Eighth Ave & West 36th Street $ 42
2,200
$ 7,608
Avenue of the Americas & West 31st Street $ 78
2,400
$ 15,700
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 32
8,500
$ 22,666
W 33rd St & twentieth Road $ 39
8,100
$ 26,325
W 35th St & Seventh Avenue $ 42
8,800
$ 30,433
W 35th St & Fifth Avenue $ 42
8,200
$ 29,041
Eighth Ave & West 36th Street $ 43
16,000
$ 57,333
Eighth Ave & West 39th Street $ 42
11,400
$ 39,900
Broadway & West 31st Street $ 51
7,700
$ 32,725
W 37th St & Eight Avenue $ 48
10,000
$ 40,000
W 35th St & Broadway $ 38
7,700
$ 24,062
W 37th St & Between West 36th Street $ 40
7,200
$ 23,700
W 39th St & Eighth Avenue $ 38
9,200
$ 28,750
W 36th St & Eighth Avenue $ 30
9,500
$ 24,145
W 36th St & Ninth Avenue $ 38
8,500
$ 26,562
Address $ / SF SF Monthly Rent
W 40th St & Eight Avenue $ 25
4,000
$ 8,333
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 35th St & Seventh Avenue $ 44
2,900
$ 10,633
W 35th St & Eighth Avenue $ 32
3,400
$ 9,066
W 38th St & Eighth Avenue $ 39
3,500
$ 11,375
Seventh Ave & West 39th Street $ 45
5,800
$ 21,750
W 35th St & Columbus Avenue $ 40
3,000
$ 10,000
Broadway & West 31st Street $ 45
2,600
$ 9,750
W 36th St & Between Broadway $ 34
6,000
$ 16,750
W 35th St & Seventh Avenue $ 37
4,400
$ 13,566
W 35th St & Between West 35th Street $ 35
5,600
$ 16,333
W 37th St & Ninth Avenue $ 41
4,600
$ 15,674
W 38th St & Between West 37th Street $ 40
2,700
$ 8,887
W 39th St & Fifth Avenue $ 44
6,500
$ 23,562
Address $ / SF SF Monthly Rent
W 38th St & Ninth Avenue $ 32
1,600
$ 4,266
W 30th St & Eighth Avenue $ 28
2,000
$ 4,666
Eighth Ave & West 36th Street $ 38
1,600
$ 5,066
W 37th St & Eight Avenue $ 35
2,400
$ 7,000
W 39th St & Between West 39th Street $ 37
1,700
$ 5,241
W 35th St & Seventh Avenue $ 35
2,300
$ 6,708
W 32nd St & Ninth Avenue $ 50
1,800
$ 7,425
W 35th St & Between West 35th Street $ 36
2,100
$ 6,300

Retail Spaces for Rent at 49 W 38th St

Rent Medical Space at 49 W 38th St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 49 West 38th Street. This trend is projected to continue. Opportunities for subleases remain available at 49 West 38th Street and in the nearby Penn Plaza/Garment neighborhood.
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49 West 38th Street nyc
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49 West 38th Street Property Overview

Building Address: 49 W 38th St, New York NY 10018
Building Name: 49 West 38th Street
Building Alternate Address: 49 W 38th St
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:0
Year Built:1924
Building Class:C
Block & lot:00840-0013

49 West 38th Street, located in the vibrant Garment District of Manhattan, New York City, has a rich history dating back to its construction in 1924. This 16-story building, classified as an Office with Commercial 7-19 Stories (O6), houses both office and commercial spaces. It boasts a restored facade, new storefront, and modern lobby with uniformed security. The building offers excellent transportation access due to its proximity to major subway hubs.

The current tax assessor's market value of the property is $12,569,000. Over the years, the building's market value has fluctuated, reflecting broader economic trends. In recent years, the property taxes have also seen adjustments, with the estimated property tax for the 2024-2025 period being approximately $589,665.

49 West 38th Street, located in Manhattan's Garment District, is a 16-story commercial building constructed in 1924.

Building Details:

  • Year Built: 1924
  • Stories: 16
  • Neighborhood: Garment District
  • Borough: Manhattan

Location Insights:

  • Zip Code: 10018
  • Block & Lot: 00840-0013
  • Proximity: Near Bryant Park, Times Square, and Herald Square

Property Features:

  • Lot Size: Approximately 5,036 sqft
  • Building Size: Approximately 63,412 sqft
  • Electrical Service: High-amp, 400 AMP, 3-phase power available

Surroundings:

  • Hotels Nearby: The Archer, Marriott, Wingate, and Refinery Hotel
  • Notable Businesses: Amazon HQ, Sweetgreen


49 West 38th Street offers the following amenities:

  • Modern Lobby: Features a uniformed security guard.
  • 24-Hour Access: Ensures round-the-clock accessibility.
  • Lockoff Elevators: Upgraded for efficiency and security.
  • Tenant-Controlled A/C: Available on each floor for personalized climate control.
  • Natural Light: Oversized operable windows provide excellent natural light.
  • Convenient Location: Close proximity to Bryant Park and Grand Central Terminal, with easy access via multiple subway lines (7, B, D, F, M, N, Q, R, W).
  • Recent Renovations: Building lobby updated with new A/C, lighting, and desk.

49 W 38th St, Manhattan, NYC

Located in the Garment District, New York, this building has been a hub for various office tenants.

Notable Tenants

  • Anik Pearson Architect PC - Occupying 743 square feet, they provide professional, scientific, and technical services.
  • Gannon Vitolo Contracting LLC - With 5,000 square feet, they specialize in construction services.

Building Highlights

  • A modern lobby with a uniformed security guard.
  • Tenant-controlled A/C on each floor.
  • Short walking distance to Bryant Park and Grand Central Terminal.
  • Oversized operable windows offering abundant natural light.
  • Convenient access to major subway lines (7, B, D, F, M, N, Q, R, W).

Property Details

  • Year Built: 1924
  • Stories: 16
  • Total Building Size: Approximately 73,600 square feet.
  • Building Class: B

At 49 W 38th St, Manhattan, NYC, several top internet providers serve the area. These include:
  • Verizon: Known for its high-speed Fios service, offering speeds up to 2.3 Gbps, with plans starting at $49.99. It provides fiber-optic connectivity with excellent customer service.
  • Spectrum: Offers a wide range of plans with speeds up to 1 Gbps, starting at around $50. Spectrum provides cable and fiber services across Manhattan.
  • Astound Broadband Powered by RCN: Provides both cable and fiber services, with speeds reaching 1 Gbps. It is known for affordable plans and unlimited data usage.

49 West 38th Street is located in Midtown South, Manhattan, offering easy access to various transportation options. Nearby cross streets include West 38th Street, 6th Avenue, 5th Avenue, and 7th Avenue. Public transportation includes:

  • Subways: Access via the B, D, F, M, N, Q, R, W, 1, 2, 3, A, C, and E trains at nearby stations like Times Square and Herald Square, though not directly on the street.
  • Buses: Several bus routes pass nearby, including the M11 and M34-SBS.
  • Trains: PATH trains and other regional lines are accessible at nearby stations.

The building is close to landmarks such as Bryant Park and Grand Central Terminal.


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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."

Why Optimal Spaces –
Tenant Broker

✓
  • 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.
  • Access to all available spaces.
  • 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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