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Rent/Lease Office 505 Fifth Ave
Lease Office 505 Fifth Ave
| $ / SF / Yr | SF | Monthly Rent |
|---|---|---|
| Negotiable |
Rent Sublease Office at 505 Fifth Ave
| $ / SF / Yr | SF | Monthly Rent |
|---|---|---|
| Negotiable |
Nearby Sublease office Spaces for Rent
| Address | $ / SF / Yr | 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 | $ 55 | 12,900 |
$ 59,125 |
| 5th Ave & East 44th Street | $ 70.5 | 9,600 |
$ 56,400 |
| Park Ave & East 45th Street | $ 98 | 9,700 |
$ 79,216 |
| E 42nd St & Lexington Avenue | $ 40 | 55,700 |
$ 185,666 |
| Address | $ / SF / Yr | 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 |
| Lexington Ave & East 41st Street | $ 63 | 3,800 |
$ 19,950 |
| 5th Ave & East 44th Street | $ 71 | 7,000 |
$ 41,416 |
| Park Ave & East 40th Street | $ 66 | 4,300 |
$ 23,650 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 45th Street | $ 50 | 2,100 |
$ 8,750 |
| Park Ave & East 40th Street | $ 67.5 | 2,000 |
$ 11,250 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 45th Street | $ 40 | 10,300 |
$ 34,333 |
| Lexington Ave & East 41st Street | $ 24.75 | 7,300 |
$ 15,056 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 42nd St & Park Avenue | $ 42 | 5,100 |
$ 17,850 |
| Fifth Ave & East 44th Street | $ 51.5 | 3,300 |
$ 14,162 |
| E 42nd St & Lexington Avenue | $ 52 | 4,800 |
$ 20,800 |
| Lexington Ave & East 41st Street | $ 27.25 | 5,600 |
$ 12,716 |
| Madison Ave & East 40th Street | $ 58.75 | 4,200 |
$ 20,562 |
| E 41st St & Fifth Avenue | $ 47 | 2,700 |
$ 10,575 |
| Fifth Ave & East 45th Street | $ 54 | 3,400 |
$ 15,300 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 45th Street | $ 51.5 | 2,100 |
$ 9,012 |
| Lexington Ave & East 40th Street | $ 41 | 2,100 |
$ 7,175 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | 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 / Yr | 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 Street | $ 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 / Yr | 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 40th Street | $ 63 | 3,600 |
$ 18,900 |
| 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 / Yr | 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 |
| Lexington Ave & East 41st Street | $ 57 | 1,500 |
$ 7,125 |
| Third Ave & East 41st Street | $ 55 | 1,700 |
$ 7,791 |
| Address | $ / SF / Yr | 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 | $ 65 | 8,400 |
$ 45,500 |
| Madison Ave & East 40th Street | $ 65.5 | 14,600 |
$ 79,691 |
| Vanderbilt Ave & East 44th Street | $ 79 | 8,100 |
$ 53,325 |
| 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 | $ 59 | 16,000 |
$ 78,666 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 41st St & Fifth Avenue | $ 59 | 5,300 |
$ 26,058 |
| 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 | $ 45 | 3,500 |
$ 13,125 |
| Madison Ave & East 40th Street | $ 75 | 3,600 |
$ 22,500 |
| Madison Ave & East 41st Street | $ 56 | 5,700 |
$ 26,600 |
| Madison Ave & East 41st Street | $ 61 | 2,600 |
$ 13,216 |
| Lexington Ave & East 41st Street | $ 60 | 3,700 |
$ 18,500 |
| Vanderbilt Ave & East 44th Street | $ 50 | 4,000 |
$ 16,666 |
| Fifth Ave & East 45th Street | $ 84 | 6,800 |
$ 47,600 |
| Third Ave & Between East 44th Street | $ 66 | 4,800 |
$ 26,400 |
| E 42nd St & Lexington Avenue | $ 55 | 3,300 |
$ 15,125 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 46th St & Fifth Avenue | $ 132 | 2,000 |
$ 22,000 |
| E 45th St & Third Avenue | $ 47 | 1,700 |
$ 6,658 |
| Madison Ave & East 41st Street | $ 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 / Yr | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & Between East 42nd Street | $ 84 | 9,200 |
$ 64,400 |
| Fifth Ave & East 39th Street | $ 52 | 7,300 |
$ 31,633 |
| E 39th St & Fifth Avenue | $ 39.5 | 7,900 |
$ 26,004 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & Between East 42nd Street | $ 83.5 | 6,000 |
$ 41,750 |
| E 40th St & Lexington Avenue | $ 48.5 | 3,000 |
$ 12,125 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 40th St & Lexington Avenue | $ 50.5 | 1,600 |
$ 6,733 |
Retail Spaces for Rent at 505 Fifth Ave
Rent Retail 505 Fifth Ave
Rent Medical Space at 505 Fifth Ave
Office Tenants Rented / Leased 505 Fifth Avenue
- NORD/LB Group leased 17,282 SF
- Norges Bank Investment… leased 39,804 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
- Nord Lb leased 500 SF
- Sentinel Data Center leased 1,331 SF
- Safanad leased 10,836 SF
- Siller & Cohen leased 1,600 SF
- Hennes & Mauritz (H & M) leased 25,000 SF
Nearby Office Tenants Leased
- Spaces. leased 138,339 SF at 405 Lexington Ave
- Simons Foundation leased 136,182 SF at 162 Fifth Ave
- WeWork leased 135,500 SF at 609 Fifth Avenue
- Primedia leased 135,000 SF at 261 Madison Ave
- Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
- United Nations Population… leased 130,740 SF at 605 Third Ave
- EisnerAmper leased 125,000 SF at 733 Third Avenue
- Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
- Mitsubishi International Corp. leased 122,500 SF at 655 Third Ave
- BDO Seidman leased 121,441 SF at 100 Park Ave
- Ann Taylor leased 11,000 SF at 600 Fifth Ave
- Buzzfeed leased 11,000 SF at 110 Fifth Avenue
- Strictly Wood Furniture Co. leased 10,500 SF at 156 Fifth Ave
- Ben & Jack's leased 10,000 SF at 255 Fifth Ave
- Club Nebula leased 10,000 SF at 135 West 41st Street
- Urban Space leased 10,000 SF at 230 Park Ave
- HMS International Fabrics Corporation leased 9,600 SF at 720 Fifth Avenue
- Tommy Bahama leased 9,584 SF at 551 Fifth Ave
- Oscar Blandi leased 9,300 SF at 545 Madison Ave
- The Smith leased 9,200 SF at 230 Fifth Ave
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Please notify me when a new space is available | ||
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.
Find My Space!
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Why Optimal Spaces Tenant Broker
- Lease negotiation: full terms, renewals, expansion options
- Cost analysis, inventory identification, negotiating scope
- Risk mitigation against hidden pitfalls
Cost Savings
- Negotiate 30+ leasing points to prevent hidden costs
- Save 10–15% on total leasing costs
- Save 100–200 hours filtering unviable spaces
- Property access via broker databases and networks (off-market, subleases, future availability)
Alone or With Other Brokers
- Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
- Inherent conflict of interest as most brokers represent landlords
- Risk of weaker terms and overlooked hidden costs
- Heavy workload falls on you while best spaces are missed
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
- NORD/LB Group leased 17,282 SF
- Norges Bank Investment… leased 39,804 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
- Nord Lb leased 500 SF
- Sentinel Data Center leased 1,331 SF
- Safanad leased 10,836 SF
- Siller & Cohen leased 1,600 SF
- Hennes & Mauritz (H & M) leased 25,000 SF
Nearby Office Tenants Leased
- Spaces. leased 138,339 SF at 405 Lexington Ave
- Simons Foundation leased 136,182 SF at 162 Fifth Ave
- WeWork leased 135,500 SF at 609 Fifth Avenue
- Primedia leased 135,000 SF at 261 Madison Ave
- Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
- United Nations Population… leased 130,740 SF at 605 Third Ave
- EisnerAmper leased 125,000 SF at 733 Third Avenue
- Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
- Mitsubishi International Corp. leased 122,500 SF at 655 Third Ave
- BDO Seidman leased 121,441 SF at 100 Park Ave
- Ann Taylor leased 11,000 SF at 600 Fifth Ave
- Buzzfeed leased 11,000 SF at 110 Fifth Avenue
- Strictly Wood Furniture Co. leased 10,500 SF at 156 Fifth Ave
- Ben & Jack's leased 10,000 SF at 255 Fifth Ave
- Club Nebula leased 10,000 SF at 135 West 41st Street
- Urban Space leased 10,000 SF at 230 Park Ave
- HMS International Fabrics Corporation leased 9,600 SF at 720 Fifth Avenue
- Tommy Bahama leased 9,584 SF at 551 Fifth Ave
- Oscar Blandi leased 9,300 SF at 545 Madison Ave
- The Smith leased 9,200 SF at 230 Fifth Ave
Recent News About 505 Fifth Avenue
Finnerty Economic Consulting, LLC. Testimonial
To Whom It May Concern:
My firm engaged Optimal Spaces when I searched for professional office space in New York City in 2005 and again in 2012 when the first lease expired and we decided to look for better office space in midtown Manhattan. I leased office space at 60 East 42"d Street in 2005 and office space at 122 East 42"d Street in 2012 with Stephen's assistance. When I sold my business to AlixPartners in 2014, I recommended that AlixPartners retain Optimal Spaces to negotiate a termination ofthe lease at 122 East 42"d Street.
I worked very closely with Stephen Sunderland, Senior Managing Director of Optimal Spaces, during both searches for office space as well as during the lease termination process. Stephen is very knowledgeable regarding the Manhattan office market. His advice proved crucial in negotiating two leases and securing the lease termination on favorable terms. He made himself available on short notice to view properties, and he identified a range of lease opportunities in various locations at different price points. I was able to benefit from his expertise to find suitable space without extensive searching.
I would not hesitate to recommend Stephen Sunderland and his firm to anyone who is searching for office space in Manhattan.
Very truly yours,
John D. Finnerty
Managing Principal
Commercial space for lease
Optimal Spaces negotiates tenant deals, typically securing 10-15% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
Optimal Spaces negotiates tenant deals, typically securing 10-15% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
Find My Space!