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Rent/Lease Office 505 Fifth Ave

Lease Office 505 Fifth Ave

$ / SF SF Monthly Rent
Negotiable
21,400
Negotiable
Please notify me when a new space is available
$ / SF SF Monthly Rent
Negotiable
4,900
Negotiable
$ / SF SF Monthly Rent

Rent Sublease Office at 505 Fifth Ave

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
Negotiable
4,000
Negotiable
$ / SF SF Monthly Rent

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Fifth Ave & East 44th Street $ 65
13,500
$ 73,125
Third Ave & East 39th Street $ 35
49,100
$ 143,208
Lexington Ave & East 43rd Street $ 54
12,900
$ 58,050
5th Ave & East 44th Street $ 69
9,600
$ 55,200
Park Ave & East 45th Street $ 100
9,700
$ 80,429
E 42nd St & Lexington Avenue $ 39
55,700
$ 181,025
Address $ / SF SF Monthly Rent
Park Ave & East 39th Street $ 99
4,200
$ 34,650
Fifth Ave & East 44th Street $ 50
3,300
$ 13,750
E 42nd St & Lexington Avenue $ 49
4,800
$ 19,600
5th Ave & East 44th Street $ 69
7,000
$ 40,250
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 40
10,300
$ 34,333
Lexington Ave & East 41st Street $ 25
7,300
$ 15,056
Address $ / SF SF Monthly Rent
E 42nd St & Park Avenue $ 42
5,100
$ 17,850
Fifth Ave & East 44th Street $ 52
3,300
$ 14,162
E 42nd St & Lexington Avenue $ 50
4,800
$ 20,200
Lexington Ave & East 41st Street $ 26
5,600
$ 12,016
Madison Ave & East 40th Street $ 59
4,200
$ 20,562
E 41st St & Fifth Avenue $ 47
2,700
$ 10,575
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 52
2,100
$ 9,012
Lexington Ave & East 40th Street $ 41
2,100
$ 7,175
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 $ 2392 $ 1300 $ 775
Interior office/person $ 1642 $ 800 $ 525
Team Rooms $ 10392 $ 8050 $ 5025
Suites $ 20392 $ 12050 $ 7025

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Vanderbilt Ave & East 43rd Street $ 125
15,800
$ 164,583
Fifth Ave & East 46th Street $ 69
11,400
$ 65,550
Park Ave & East 41st Avenue $ 175
12,200
$ 177,916
Lexington Ave & East 42nd Street $ 69
7,400
$ 42,550
Third Ave & East 40th Street $ 60
27,700
$ 138,500
Park Ave & East 39th Street $ 105
12,400
$ 108,500
E 42nd St & Lexington Avenue $ 69
28,500
$ 163,875
Fifth Ave & East 40th Street $ 85
11,200
$ 79,333
Madison Ave & East 45th Street $ 85
14,200
$ 100,583
E 42nd St & Madison Avenue $ 84
12,700
$ 88,900
Address $ / SF SF Monthly Rent
Park Ave & East 40th Street $ 98
3,200
$ 26,133
E 45th St & Lexington Avenue $ 81
4,300
$ 29,025
Lexington Ave & East 42nd Street $ 67
4,000
$ 22,333
Third Ave & East 42nd Street $ 70
5,500
$ 32,083
E 42nd St & Lexington Avenue $ 58
4,100
$ 19,816
Vanderbilt Ave & East 44th Street $ 49
5,300
$ 21,641
Third Ave & East 41st Street $ 55
5,100
$ 23,375
Third Ave & East 41st Street $ 70
4,800
$ 28,000
Third Ave & Between East 44th Street $ 65
4,800
$ 26,000
Third Ave & East 46th Street $ 62
4,100
$ 21,183
Third Ave & East 39th Street $ 70
4,700
$ 27,416
Address $ / SF SF Monthly Rent
E 45th St & Lexington Avenue $ 75
2,400
$ 15,000
Lexington Ave & East 42nd Street $ 61
1,500
$ 7,625
Park Ave & East 41st Street $ 85
2,300
$ 16,291
E 44th St & East 44th Street $ 82
2,300
$ 15,716
Lexington Ave & East 41st Street $ 57
1,500
$ 7,125
Third Ave & East 41st Street $ 55
1,700
$ 7,791
Address $ / SF SF Monthly Rent
Fifth Ave & East 42nd Street $ 58
7,400
$ 35,766
E 42nd St & Park Avenue $ 59
9,700
$ 47,691
E 42nd St & Lexington Avenue $ 64
8,400
$ 44,800
Madison Ave & East 40th Street $ 65
14,600
$ 79,083
Vanderbilt Ave & East 44th Street $ 80
8,100
$ 54,337
Fifth Ave & East 45th Street $ 68
7,900
$ 44,766
E 44th St & Third Avenue $ 58
8,400
$ 40,600
E 45th St & Third Avenue $ 48
7,100
$ 28,400
Madison Ave & East 40th Street $ 58
16,000
$ 78,000
Address $ / SF SF Monthly Rent
E 45th St & Third Avenue $ 48
5,000
$ 20,000
Madison Ave & East 40th Street $ 56
6,900
$ 32,200
E 44th St & Third Avenue $ 48
4,500
$ 18,000
E 41st St & Fifth Avenue $ 50
4,000
$ 16,666
E 42nd St & Park Avenue $ 66
6,700
$ 36,850
Madison Ave & East 40th Street $ 76
3,600
$ 22,800
Madison Ave & East 41st Avenue $ 57
5,700
$ 27,075
Madison Ave & East 41st Avenue $ 62
2,600
$ 13,433
Lexington Ave & East 41st Street $ 61
3,700
$ 18,808
Vanderbilt Ave & East 44th Street $ 51
4,000
$ 17,000
Fifth Ave & East 45th Street $ 84
6,800
$ 47,600
Third Ave & Between East 44th Street $ 67
4,800
$ 26,800
E 42nd St & Lexington Avenue $ 56
3,300
$ 15,400
Address $ / SF SF Monthly Rent
E 46th St & Fifth Avenue $ 132
2,000
$ 22,000
Madison Ave & East 41st Avenue $ 55
2,000
$ 9,166
Lexington Ave & East 40th Street $ 43
2,100
$ 7,525
Fifth Ave & East 42nd Street $ 60
1,600
$ 8,000
Lexington Ave & East 44th Street $ 55
1,500
$ 6,875
E 42nd St & Lexington Avenue $ 61
2,200
$ 11,183
E 42nd St & Madison Avenue $ 69
2,100
$ 12,075
Second Ave & East 43rd Street $ 59
2,300
$ 11,308
Madison Ave & East 39th Street $ 52
1,900
$ 8,233
Address $ / SF SF Monthly Rent
Fifth Ave & Between East 42nd Street $ 84
9,200
$ 64,016
Fifth Ave & East 39th Street $ 52
7,300
$ 31,633
E 39th St & Fifth Avenue $ 39
7,900
$ 25,675
Address $ / SF SF Monthly Rent
Fifth Ave & Between East 42nd Street $ 84
6,000
$ 42,250
E 40th St & Lexington Avenue $ 50
3,000
$ 12,375
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 50
1,600
$ 6,733

Retail Spaces for Rent at 505 Fifth Ave

Rent Medical Space at 505 Fifth Ave

Office Tenants Rented / Leased 505 Fifth Avenue
  • Corigin Holdings LLC leased 10,586 SF
  • Fir Tree leased 10,856 SF
  • American Capital Strategies leased 32,600 SF
  • Cartesian Capital leased 6,700 SF
  • American Capital Strategies leased 37,000 SF
  • CIT Group Inc. leased 130,000 SF
  • PCCP leased 10,717 SF
  • Rabina Properties leased 8,471 SF
  • Reserve Bank of Australia leased 3,900 SF
  • The Rockport Group leased 8,471 SF
Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Phoenix Constructors leased 55,000 SF at 100 Broadway
  • SourceMedia leased 42,460 SF at 1 Whitehall St
  • Translation leased 35,000 SF at 10 Jay Street
  • Social Science Research Council leased 25,000 SF at 1 Pierrepont Plaza
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • AM Investments leased 9,000 SF at 1 Liberty Plz
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
Nearby Retail Tenants Leased
  • Life Time leased 74,000 SF at 1 Wall Street
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • Eddie Bauer leased 7,400 SF at 100 Fifth Ave
  • The Anne Frank Center leased 2,500 SF at 100 Church St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Duane Reade leased 1,888 SF at 100 Broadway
  • Gregory's Coffee leased 1,100 SF at 100 Wall St
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 505 Fifth Avenue. This trend is projected to continue. Opportunities for subleases remain available at 505 Fifth Avenue and in the nearby Grand Central neighborhood.
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505 Fifth Avenue Property Overview

Building Address: 505 Fifth Ave, New York NY 10017
Building Alternate Address: 505 5th Ave
Zip Code:10017
Neighborhood:Grand Central
Borough:Manhattan
Stories:28
Year Built:2006
Building Class:A
Block & lot:01277-0002

505 Fifth Avenue, Manhattan, NYC

Located at the corner of Fifth Avenue and 42nd Street, one of the most prominent intersections in New York City, 505 Fifth Avenue is a 28-story mixed-use tower.

Originally, the site was vacant for over a decade and previously held a mansion where Edith Wharton made her society debut in 1879.

The building was developed by Kipp-Stawski and designed by Kohn Pedersen Fox Associates. It features a cast-in-place concrete structure, providing enhanced building safety beyond New York City Building Code requirements.

The design includes a floor plate configuration with reduced columns and a cantilevered section, allowing for an uninterrupted glass façade and high ceiling heights. The building offers stunning views of the New York Public Library and Bryant Park.

The entrance lobby was designed in collaboration with artist James Turrell, creating a unique visual experience.

Completed in 2004, the building has a total area of approximately 251,043 square feet and includes about 20,000 square feet of retail space.

505 Fifth Avenue, Manhattan, NYC is a prominent address located at the corner of Fifth Avenue and 42nd Street. This 26-story mixed-use tower offers stunning views of the New York Public Library and Bryant Park.

The building features a cast-in-place concrete structure, providing enhanced safety beyond New York City Building Code requirements. Its design includes a reduced number of columns and a cantilevered section, allowing for an uninterrupted glass façade and high ceiling heights.

The entrance lobby is designed in collaboration with artist James Turrell, creating a unique blend of light and urban ambiance.

Located near Grand Central Terminal, it offers convenient access to transportation, stores, and dining options.


505 Fifth Avenue Building Amenities

  • Location: Situated at the corner of Fifth Avenue and 42nd Street, one of Manhattan's most dynamic locations.
  • Architecture: Designed by Kohn Pedersen Fox, featuring a striking glass and concrete façade.
  • Office Space: Offers 275,000 square feet of premium office space with flexible floor plans.
  • Additional Features: Select floors include terraces or atriums for a luxurious touch.
  • Services: Exclusive white-glove concierge and internal messenger services available.
  • Security: Advanced security features include card key access, video surveillance, and a continuously attended lobby.
  • Telecommunications: Redundant entry points, secure high-speed internet, and multiple telecom providers.
  • HVAC System: Floor-by-floor individual package units for consistent temperature control.
  • Transportation Access: Conveniently located near Grand Central Terminal for easy mass transit options.
  • Surroundings: Surrounded by top restaurants, retail outlets, clubs, and hotels.

505 Fifth Avenue in Manhattan, NYC, is home to several notable office tenants. These include:

  • F.W. Cook & Co.
  • Onyx Renewable Partners
  • PCCP
  • Incline Equity Partners
  • Norges Bank Investment Management
  • Brownstone Investments

Internet Providers at 505 Fifth Ave, Manhattan, NYC

Several top internet providers serve the area around 505 Fifth Ave in Manhattan, NYC. Here are some of the most notable ones:

  • Verizon Fios: Known for its high-speed fiber-optic internet with speeds up to 2 Gbps. It offers reliable service and competitive pricing.
  • Astound Broadband Powered by RCN: Offers both cable and fiber services with affordable plans and unlimited data usage.
  • Spectrum: Provides widespread cable internet coverage with speeds up to 1 Gbps and various bundling options.

505 Fifth Avenue, Manhattan, NYC is conveniently located near several transportation options.

Nearest Subway Stations: Grand Central-42 St (4, 5, 7, D, M lines) is a short walk away.

Bus Stops: Nearby bus stops include 5 Av/W 43 St and 5th Ave & W 42nd St.

Train Stations: Grand Central Madison and Grand Central are nearby.

Cross Streets: 42nd Street and 43rd Street.

Office Tenants Rented / Leased 505 Fifth Avenue
  • Corigin Holdings LLC leased 10,586 SF
  • Fir Tree leased 10,856 SF
  • American Capital Strategies leased 32,600 SF
  • Cartesian Capital leased 6,700 SF
  • American Capital Strategies leased 37,000 SF
  • CIT Group Inc. leased 130,000 SF
  • PCCP leased 10,717 SF
  • Rabina Properties leased 8,471 SF
  • Reserve Bank of Australia leased 3,900 SF
  • The Rockport Group leased 8,471 SF

Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Phoenix Constructors leased 55,000 SF at 100 Broadway
  • SourceMedia leased 42,460 SF at 1 Whitehall St
  • Translation leased 35,000 SF at 10 Jay Street
  • Social Science Research Council leased 25,000 SF at 1 Pierrepont Plaza
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • AM Investments leased 9,000 SF at 1 Liberty Plz
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza

Nearby Retail Tenants Leased
  • Life Time leased 74,000 SF at 1 Wall Street
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • Eddie Bauer leased 7,400 SF at 100 Fifth Ave
  • The Anne Frank Center leased 2,500 SF at 100 Church St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Duane Reade leased 1,888 SF at 100 Broadway
  • Gregory's Coffee leased 1,100 SF at 100 Wall St
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
Office Tenants Rented / Leased 505 Fifth Avenue
  • Corigin Holdings LLC leased 10,586 SF
  • Fir Tree leased 10,856 SF
  • American Capital Strategies leased 32,600 SF
  • Cartesian Capital leased 6,700 SF
  • American Capital Strategies leased 37,000 SF
  • CIT Group Inc. leased 130,000 SF
  • PCCP leased 10,717 SF
  • Rabina Properties leased 8,471 SF
  • Reserve Bank of Australia leased 3,900 SF
  • The Rockport Group leased 8,471 SF
Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Phoenix Constructors leased 55,000 SF at 100 Broadway
  • SourceMedia leased 42,460 SF at 1 Whitehall St
  • Translation leased 35,000 SF at 10 Jay Street
  • Social Science Research Council leased 25,000 SF at 1 Pierrepont Plaza
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • AM Investments leased 9,000 SF at 1 Liberty Plz
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
Nearby Retail Tenants Leased
  • Life Time leased 74,000 SF at 1 Wall Street
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • Eddie Bauer leased 7,400 SF at 100 Fifth Ave
  • The Anne Frank Center leased 2,500 SF at 100 Church St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Duane Reade leased 1,888 SF at 100 Broadway
  • Gregory's Coffee leased 1,100 SF at 100 Wall St
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza

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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Why Optimal Spaces –
Tenant Broker

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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.
  • 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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