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Rent/Lease Office 5 Penn Plaza

Lease Office 5 Penn Plaza

$ / SF SF Monthly Rent
Negotiable
13,100
Negotiable
Please notify me when a new space is available
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Rent Sublease Office at 5 Penn Plaza

$ / SF SF Monthly Rent
$ 36
10,000
$ 29,583
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Bryant Park & 6th Avenue $ 62
14,000
$ 72,333
Broadway & West 36th Street $ 49
11,700
$ 47,775
Fifth Ave & West 33rd Street $ 45
27,300
$ 102,375
Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 54
3,200
$ 14,533
Broadway & West 41st Street $ 56
4,700
$ 22,129
Fifth Ave & West 33rd Street $ 70
4,300
$ 25,083
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
$ 31,025
W 37th St & 6th Avenue $ 32
11,400
$ 30,875
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
$ 8,525
W 36th St & Between 8th Avenue $ 38
1,600
$ 5,066
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 $ 32
5,000
$ 13,333
Penn Plaza & West 30th Street $ 47
2,500
$ 9,791
W 36th St & Eight Avenue $ 34
6,000
$ 17,250
W 35th St & Between West 35th Street $ 34
5,300
$ 15,237
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
$ 15,570
Address $ / SF SF Monthly Rent
Penn Plaza & West 30th Street $ 47
2,000
$ 7,833
W 36th St & Eighth Avenue $ 49
2,400
$ 9,800
W 37th St & Eight Avenue $ 45
1,800
$ 6,750
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
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 $ 70
13,200
$ 77,000
Fifth Ave & West 38th Street $ 56
17,600
$ 82,133
Ninth Ave & Between Dyer Avenue $ 128
9,400
$ 100,266
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 $ 67
4,600
$ 25,683
2 & West 31st Street $ 142
5,300
$ 62,716
Fifth Ave & West 38th Street $ 62
3,800
$ 19,791
W 38th St & Avenue of the Americas $ 58
3,500
$ 16,770
W 37th St & Between 5th Avenue $ 64
3,200
$ 17,066
Broadway & West 37th Street $ 68
5,500
$ 30,937
Address $ / SF SF Monthly Rent
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Broadway & West 37th Street $ 68
2,300
$ 12,937
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 $ 40
9,300
$ 31,000
W 39th St & Eight Avenue $ 40
11,400
$ 38,000
7th Ave & Between 7th Avenue $ 55
7,800
$ 35,750
Seventh Ave & Sixtenth Street $ 46
10,000
$ 38,333
Eighth Ave & West 36th Street $ 40
7,500
$ 25,000
Eighth Ave & Between 8th Avenue $ 39
7,900
$ 25,675
W 36th St & Avenue of the Americas $ 44
10,000
$ 36,250
Broadway & West 32nd Street $ 43
9,800
$ 35,116
W 38th St & 5th Avenue $ 62
7,500
$ 38,437
Fifth Ave & West 34th Street $ 48
7,400
$ 29,600
Seventh Ave & West 35th Street $ 60
9,300
$ 46,500
Tenth Ave & West 37th Street $ 49
7,900
$ 32,258
W 33rd St & Fifth Avenue $ 40
7,100
$ 23,666
W 34th St & Fifth Avenue $ 30
7,300
$ 18,554
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
$ 9,866
Broadway & West 38th Street $ 52
1,900
$ 8,233
W 34th St & Avenue of America $ 45
2,000
$ 7,500
7th Ave & Between 7th Avenue $ 57
1,600
$ 7,600
Eighth Ave & West 36th Street $ 42
2,200
$ 7,700
Avenue of the Americas & West 31st Street $ 79
2,400
$ 15,800
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 $ 40
8,800
$ 28,966
W 35th St & Fifth Avenue $ 40
8,200
$ 27,675
Eighth Ave & West 36th Street $ 41
16,000
$ 54,666
Eighth Ave & West 39th Street $ 40
11,400
$ 38,475
Broadway & West 31st Street $ 50
7,700
$ 31,762
W 37th St & Eight Avenue $ 46
10,000
$ 38,333
W 35th St & Broadway $ 36
7,700
$ 22,779
W 37th St & Between West 36th Street $ 38
7,200
$ 22,800
W 39th St & Eighth Avenue $ 36
9,200
$ 27,216
W 36th St & Eighth Avenue $ 28
9,500
$ 22,562
W 36th St & Ninth Avenue $ 36
8,500
$ 25,500
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 $ 46
2,600
$ 9,966
W 36th St & Between Broadway $ 34
6,000
$ 17,250
W 35th St & Seventh Avenue $ 38
4,400
$ 13,933
W 35th St & Between West 35th Street $ 36
5,600
$ 16,800
W 37th St & Ninth Avenue $ 42
4,600
$ 16,057
W 38th St & Between West 37th Street $ 40
2,700
$ 9,112
W 39th St & Fifth Avenue $ 44
6,500
$ 24,104
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 $ 36
2,300
$ 6,804
W 32nd St & Ninth Avenue $ 50
1,800
$ 7,500
W 35th St & Between West 35th Street $ 36
2,100
$ 6,387

Retail Spaces for Rent at 5 Penn Plaza

Rent Medical Space at 5 Penn Plaza

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 5 Penn Plaza. This trend is projected to continue. Opportunities for subleases remain available at 5 Penn Plaza and in the nearby Penn Plaza/Garment neighborhood.
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5 Penn Plaza Property Overview

Building Address: 5 Penn Plaza, New York NY 10001
Building Name: 5 Penn Plaza
Building Alternate Address: 5 Penn plz
Zip Code:10001
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:26
Year Built:1915
Building Class:A
Block & lot:00757-0031

5 Penn Plaza, located at 461 Eighth Avenue in Manhattan, New York City, is a 24-story Beaux-Arts office building completed in 1916. Originally known as the Printing Crafts Building, it was designed by John & Edward Larkin. The building was conceived as the nation's largest printing and publishing facility, with 10 floors dedicated to presses and binderies, and 12 floors for stockrooms and offices of publishers and ad agencies.

The building's proximity to the main post office and Penn Station contributed significantly to its success. Despite its age, it has been modernized with green technology (LEED-certified silver) and multiple fiber optic lines. The structure features a white-painted stone exterior with a rusticated base and ornate details, including fluted piers and stylized capitals.

Today, the building is part of the broader Penn Plaza complex, though it is not directly part of the main complex. It remains a notable landmark in the area, reflecting the architectural style of its time.

5 Penn Plaza, located at the intersection of 8th Avenue and 33rd Street in Manhattan, NYC, is a historic building with a rich past dating back to 1916. Originally known as the Printing Crafts Building, it was a major hub for New York's printing industry. Today, it offers modern office spaces with luxury amenities.

The building is situated across from Penn Station and Madison Square Garden, providing easy access to major transportation hubs. Its proximity to Hudson Yards and Manhattan West makes it a prime location for businesses.

5 Penn Plaza features modernized common areas, upgraded infrastructure, and dog-friendly facilities. It includes a ground floor café, hospitality suite, fitness center, conferencing center, and a rooftop terrace offering panoramic views of Manhattan.


5 Penn Plaza Amenities

  • Ground Floor Cafe adjacent to lobby
  • Hospitality Suite with golf simulator, library with fireplace, lounge space, and grab-and-go food service
  • Five-Star Boutique Fitness Center with showers and lockers
  • Conferencing Center with flexible seating styles
  • Podcast Room
  • Rooftop Terrace with wraparound outdoor space and sweeping Manhattan views
  • Dog-Friendly with dog run
  • Modernized Common Areas including lobby and roof deck
  • Upgraded Infrastructure including windows and elevators
  • High Ceilings with 14' slab heights and 9' oversized windows

5 Penn Plaza, located in the heart of Midtown Manhattan, is a 24-story office building that has attracted a diverse range of tenants. Originally known as the Printing Crafts Building, it was built in 1916 and underwent significant renovations in 2006. The building offers 650,000 square feet of office space, featuring modern amenities and a prime location.

Notable tenants at 5 Penn Plaza include Regus, Puma, and SiriusXM. These companies have chosen this location for its flexibility and accessibility, being close to major transportation hubs like Penn Station and the Port Authority.

The building's design combines historical charm with contemporary features, such as large windows, high ceilings, and a modern fitness center. Its proximity to other significant locations like Madison Square Garden and Hudson Yards adds to its appeal.


Internet Providers at 5 Penn Plaza, Manhattan, NYC

Several top internet providers offer services in the area around 5 Penn Plaza, Manhattan. Here are some of the key providers:

  • Verizon Fios: Known for its high-speed fiber-optic internet, offering speeds up to 2.3 Gbps. It is highly reliable and offers competitive pricing starting at $49.99 per month.
  • Spectrum: Provides cable internet with speeds up to 1 Gbps. It is widely available and offers affordable plans starting at $49.99 per month.
  • Astound Broadband Powered by RCN: Offers both cable and fiber services with speeds up to 1.5 Gbps. It is known for its low prices and unlimited data usage.

5 Penn Plaza is located in Manhattan, NYC, and offers convenient access to various transportation options.

Subway: The nearest subway stations include 34 St-Penn Station, served by lines 1, 2, and 3, and 34 St-Herald Square, served by lines B, D, F, M, N, Q, R, and W.

Bus: Several bus routes pass nearby, including the M1, M2, M3, M4, M7, M20, and M34.

Train: Accessible via Amtrak and NJ Transit trains at New York Penn Station.

Cross Streets: 33rd Street and 8th Avenue.


Innisfree Mergers and Acquisitions Testimonial

Innisfree Mergers and Acquisitions testimonial
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
⚖️
Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
🐷
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.

Office Buildings by Class in Penn Plaza/Garment

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