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Rent/Lease Office 54 W 40th St
Nearby Sublease office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 36th Street | $ 48 | 11,700 |
$ 46,800 |
| Penn Plaza & West 33rd Street | $ 42 | 29,000 |
$ 100,291 |
| Bryant Park & 6th Avenue | $ 60 | 14,000 |
$ 70,000 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 36th Street | $ 56 | 3,200 |
$ 14,800 |
| Broadway & West 41st Street | $ 56 | 4,700 |
$ 22,129 |
| Fifth Ave & West 33rd Street | $ 71 | 4,300 |
$ 25,441 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 41st Street | $ 55 | 2,200 |
$ 10,083 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 37th St & 6th Avenue | $ 34 | 11,400 |
$ 31,825 |
| W 37th St & Avenue of America | $ 34 | 10,200 |
$ 29,325 |
| Broadway & West 37th Street | $ 42 | 11,100 |
$ 38,850 |
| Seventh Ave & West 38th Street | $ 38 | 7,700 |
$ 24,383 |
| W 40th St & Between West 39th Street | $ 38 | 15,100 |
$ 47,816 |
| Eighth Ave & West 34th Street | $ 54 | 8,900 |
$ 40,050 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Seventh Ave & West 38th Street | $ 48 | 4,200 |
$ 16,975 |
| W 37th St & 6th Avenue | $ 35 | 3,500 |
$ 10,208 |
| W 40th St & Eighth Avenue | $ 42 | 2,600 |
$ 8,991 |
| Broadway & West 37th Street | $ 41 | 6,100 |
$ 20,841 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Seventh Ave & West 38th Street | $ 47 | 2,100 |
$ 8,225 |
| Tenth Ave & West 37th Street | $ 46 | 2,200 |
$ 8,525 |
| Penn Plaza & Eighth Avenue | $ 40 | 1,800 |
$ 6,000 |
| Fifth Ave & East 35th Street | $ 40 | 2,100 |
$ 7,000 |
| W 36th St & Between 8th Avenue | $ 38 | 2,400 |
$ 7,600 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 35th St & Between West 35th Street | $ 33 | 7,500 |
$ 20,625 |
| W 37th St & Seventh Avenue | $ 30 | 7,300 |
$ 18,250 |
| W 30th St & Between West 30th Street | $ 30 | 7,100 |
$ 17,750 |
| W 36th St & Eight Avenue | $ 33 | 7,800 |
$ 21,450 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Penn Plaza & West 30th Street | $ 48 | 2,500 |
$ 10,000 |
| W 38th St & Eighth Avenue | $ 35 | 4,400 |
$ 12,833 |
| W 35th St & Between West 35th Street | $ 36 | 5,300 |
$ 15,679 |
| W 37th St & Seventh Avenue | $ 30 | 6,800 |
$ 17,000 |
| W 36th St & Eighth Avenue | $ 50 | 3,700 |
$ 15,570 |
| W 37th St & Ninth Avenue | $ 40 | 4,500 |
$ 15,000 |
| W 37th St & Eight Avenue | $ 40 | 3,400 |
$ 11,333 |
| W 36th St & Avenue of the Americas | $ 45 | 3,400 |
$ 12,750 |
| W 30th St & Between West 30th Street | $ 33 | 5,000 |
$ 13,750 |
| Broadway & West 32nd Street | $ 46 | 3,500 |
$ 13,498 |
| 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 41st Street | $ 70 | 13,200 |
$ 77,550 |
| Fifth Ave & West 38th Street | $ 56 | 17,600 |
$ 82,866 |
| Broadway & West 39th Street | $ 59 | 10,900 |
$ 53,591 |
| 1 Plz & West 33rd Street | $ 105 | 19,100 |
$ 167,125 |
| W 40th St & Avenue of Americas | $ 74 | 8,500 |
$ 52,770 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 37th Street | $ 68 | 5,500 |
$ 30,937 |
| W 38th St & Avenue of the Americas | $ 56 | 3,500 |
$ 16,333 |
| Broadway & West 41st Street | $ 66 | 6,800 |
$ 37,116 |
| Broadway & West 36th Street | $ 66 | 4,600 |
$ 25,108 |
| 2 & West 31st Street | $ 140 | 5,300 |
$ 62,054 |
| Fifth Ave & West 38th Street | $ 61 | 3,800 |
$ 19,316 |
| 1 Plz & West 33rd Street | $ 105 | 3,200 |
$ 28,000 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 37th Street | $ 68 | 2,300 |
$ 12,937 |
| 1 Plz & West 33rd Street | $ 98 | 2,400 |
$ 19,600 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Eighth Ave & West 36th Street | $ 40 | 7,500 |
$ 25,312 |
| W 39th St & Eighth Avenue | $ 40 | 7,700 |
$ 25,666 |
| W 33rd St & Fifth Avenue | $ 40 | 7,100 |
$ 23,962 |
| Eighth Ave & West 35th Street | $ 39 | 7,100 |
$ 23,075 |
| Eighth Ave & W 35th Street | $ 40 | 8,000 |
$ 26,666 |
| W 37th St & Avenue of America | $ 46 | 8,600 |
$ 33,325 |
| Tenth Ave & West 37th Street | $ 50 | 7,900 |
$ 32,587 |
| W 36th St & 6th Avenue | $ 46 | 9,600 |
$ 37,200 |
| Broadway & West 38th Street | $ 54 | 9,500 |
$ 42,750 |
| Seventh Ave & West 37th Street | $ 56 | 10,300 |
$ 48,066 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Seventh Ave & West 38th Street | $ 52 | 3,100 |
$ 13,433 |
| W 35th St & Avenue of America | $ 29 | 4,400 |
$ 10,633 |
| Eighth Ave & West 36th Street | $ 36 | 4,700 |
$ 14,100 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Eighth Ave & West 36th Street | $ 42 | 2,200 |
$ 7,700 |
| W 39th St & Ninth Avenue | $ 39 | 1,800 |
$ 5,850 |
| W 38th St & Between West 37th Street | $ 35 | 2,200 |
$ 6,416 |
| Eighth Ave & West 35th Street | $ 35 | 1,700 |
$ 4,958 |
| Tenth Ave & West 37th Street | $ 44 | 2,200 |
$ 8,066 |
| W 40th St & Eighth Avenue | $ 48 | 1,900 |
$ 7,520 |
| Broadway & West 38th Street | $ 52 | 1,900 |
$ 8,233 |
| 7th Ave & Between 7th Avenue | $ 57 | 1,600 |
$ 7,600 |
| Avenue of the Americas & West 39th Street | $ 61 | 2,300 |
$ 11,691 |
| Avenue of the Americas & West 31st Street | $ 79 | 2,400 |
$ 15,800 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 35th St & Seventh Avenue | $ 40 | 8,800 |
$ 29,700 |
| W 39th St & Eighth Avenue | $ 36 | 9,200 |
$ 27,600 |
| Eighth Ave & West 36th Street | $ 42 | 16,000 |
$ 56,000 |
| W 35th St & Seventh Avenue | $ 35 | 7,600 |
$ 22,166 |
| W 35th St & Between West 35th Street | $ 34 | 7,300 |
$ 20,683 |
| Eighth Ave & West 39th Street | $ 41 | 11,400 |
$ 38,950 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 35th St & Seventh Avenue | $ 40 | 3,900 |
$ 13,000 |
| W 35th St & Eighth Avenue | $ 34 | 3,300 |
$ 9,212 |
| Seventh Ave & West 30th Street | $ 35 | 3,800 |
$ 11,083 |
| W 38th St & Between West 37th Street | $ 39 | 2,700 |
$ 8,775 |
| Eighth Ave & West 36th Street | $ 40 | 5,800 |
$ 19,575 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 35th St & Seventh Avenue | $ 36 | 2,300 |
$ 6,804 |
| W 38th St & Eight Avenue | $ 36 | 2,100 |
$ 6,380 |
| W 39th St & Eighth Avenue | $ 40 | 1,600 |
$ 5,266 |
| Eighth Ave & West 36th Street | $ 38 | 1,600 |
$ 5,066 |
| W 32nd St & Ninth Avenue | $ 50 | 1,800 |
$ 7,500 |
| W 35th St & Between West 35th Street | $ 36 | 2,100 |
$ 6,387 |
| W 32nd St & Broadway | $ 43 | 2,100 |
$ 7,525 |
| W 37th St & Ninth Avenue | $ 37 | 1,900 |
$ 5,920 |
Retail Spaces for Rent at 54 W 40th St
Rent Retail 54 W 40th St
Rent Medical Space at 54 W 40th St
Nearby Office Tenants Leased
- Convene leased 116,000 SF at 530 Fifth Avenue
- McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
- TBWA Worldwide leased 107,308 SF at 488 Madison Ave
- KPMG LLP leased 102,979 SF at 560 Lexington Ave
- Crain Communications leased 100,000 SF at 711 Third Ave
- Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
- W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
- Berkely College leased 94,669 SF at 12 East 41st St
- Geller & Co. leased 94,000 SF at 909 Third Ave
- International Rescue Com… leased 88,384 SF at 122 East 42nd St
- FILA leased 4,087 SF at 340 Madison Ave
- RFR Realty leased 4,066 SF at 275 Madison Avenue
- Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
- CTSH LLC Deli leased 3,800 SF at 633 Third Ave
- Panache Lingerie leased 3,800 SF at 286 Madison Avenue
- Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
- 1 Bite Mediterranean leased 3,600 SF at 875 Third Ave
- Staples leased 3,556 SF at 261 Madison Ave
- Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
- Ricky's leased 3,500 SF at 550 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 54 West 40th Street. This trend is projected to continue. Opportunities for subleases remain available at 54 West 40th Street and in the nearby Penn Plaza/Garment neighborhood.
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54 West 40th Street Property Overview
| Building Address: | 54 W 40th St, New York NY 10018 |
| Building Alternate Address: | 54 W 40th St |
| Zip Code: | 10018 |
| Neighborhood: | Penn Plaza/Garment |
| Borough: | Manhattan |
| Stories: | 11 |
| Year Built: | 1903 |
| Building Class: | B |
| Block & lot: | 00841-0080 |
History of 54 West 40th Street, Manhattan, NYC
54 West 40th Street is an 11-story commercial building located in the Garment District of Manhattan, New York City. Constructed in 1903, the building has a total floor area of approximately 40,667 square feet. It was significantly altered in 2012 to accommodate modern needs while preserving its historical character.
Originally built in the early 20th century, this building has long served as a notable structure in Midtown Manhattan near Bryant Park. In recent years, it has been transformed into a luxurious multi-floor venue known as "GH On the Park." This venue combines the building's historic elegance with modern technology and versatile event spaces, showcasing ornate wood-carved ceilings, a grand ballroom, intimate lounges, and distinctive architectural features such as a spiral staircase and cozy fireplaces on every floor.
The building's location offers breathtaking views of Bryant Park and is ideally suited for various events, including corporate meetings, weddings, and private dinners. GH On the Park, part of the Glasshouse venues collection, emphasizes a white-glove service and impeccable hospitality, making it a premier destination in Midtown Manhattan.
Throughout its history, 54 West 40th Street has maintained a significant presence in the area, adapting through renovations to serve contemporary commercial and cultural functions while retaining its historical charm and architectural integrity.
54 West 40th Street, located in the heart of Manhattan's Garment District, is an 11-story office building built in 1903. It offers expansive views of Bryant Park and is near major transportation hubs, restaurants, bars, and shopping venues. The building is operated by Upperhaus, providing access to various amenities.
Its address is also sometimes referred to as 54-56 West 40th Street. This location is renowned for its proximity to major subway lines (B, D, F, M, N, Q, R, W, 1, 2, 3, 7) and the vibrant surroundings of the area.
Additionally, the property is home to GH on the Park, an elegant historic venue ideal for events such as weddings and corporate meetings. It spans across multiple floors, combining historical elegance with modern technology.
Building Amenities at 54 W 40th St, Manhattan, NYC
- Flexible work spaces with access to Upperhaus amenities
- Expansive views of Bryant Park
- Close proximity to multiple transportation hubs including subway lines B, D, F, M, N, Q, R, W, 1, 2, 3, 7 and bus lines
- Property manager on site
- Surface and covered parking available
- Building Class B office building, 11 stories with approx. 57,300 SF total
- Typical floor size approximately 5,209 SF with 12 ft unfinished ceiling height
- High-quality furniture and staging equipment available
- Coat check services
- Catering services with tailored menu options
- Fully accessible venue accommodating all guests comfortably
- Dedicated event planning and coordination services
- State-of-the-art audio systems for clear, crisp sound
- Advanced video equipment for high-definition event coverage
- Impressive LED displays for vibrant visuals and dynamic backdrops
- Customizable lighting setups to enhance ambiance
- 24/7 access with after hours security
- Air conditioning and climate control
- Bike storage facilities
- Business lounge and internal breakout areas
- Cleaning included in rent
- Concierge services
- Disabled access
- Electricity and outgoings included in rent
- Free WiFi and high-speed fiber internet
- Furnished private offices available
- Mail handling and printing facilities
- Meeting rooms and kitchen facilities
- Pet friendly policy
Office Tenants Rented / Leased at 54 W 40th St, Manhattan, NYC
- WeWork Office Space & Coworking
- DMI New York
- Blue Bottle Coffee
- Synoptek
- Daytop Village Inc.
Internet Providers Available at 54 W 40th St, Manhattan, NYC
The following internet service providers offer coverage and service options in the area of 54 W 40th St, Manhattan, New York City:
- Verizon Fios
Fiber-optic internet with speeds starting at 300 Mbps and up to 2 Gbps.
Known for high-speed connectivity, reliable customer service, and bundle options including TV and phone.
Coverage includes most of Manhattan with some exceptions in commercial and Midtown areas. - Astound Broadband Powered by RCN
Offers cable and fiber internet with plans featuring unlimited data and speeds up to 1.5 Gbps.
Generally available throughout Manhattan except some parts of Washington Heights, Inwood, and Roosevelt Island. - Spectrum
Cable and fiber internet with speeds up to 1 Gbps.
Ubiquitous coverage across Manhattan and known for no data caps and competitive pricing.
Offers bundles with TV and phone including perks like Disney+ and ESPN+.
Other providers present in Manhattan but less commonly available specifically at this address may include:
- Xfinity (Cable, up to 2 Gbps)
- HughesNet (Satellite)
- Viasat (Satellite)
- Starry Internet (Fixed Wireless)
Location
54 West 40th Street, Manhattan, New York, NY 10018
Nearby Cross Streets
Located between Sixth Avenue and Seventh Avenue, near Bryant Park in Midtown Manhattan.
Transportation Options
Subway Lines Nearby
- 1, 2, 3
- B, D, F, M
- N, Q, R, W
- 7, A, C, E, S
Bus Routes Nearby
- 108, 160, 166, 160, BXM2, BXM4, M1, M4, M5, M7, M20, M34A-SBS, M55
Rail and Train Access
Close access to Port Authority Bus Terminal, Penn Station, and Grand Central Terminal providing regional train and bus connections.
Walking and Access
Easy walk to Times Square, Bryant Park, and the Broadway Theater District. Centrally located with pedestrian plazas nearby.
Nearby Office Tenants Leased
Nearby Retail Tenants Leased
- Convene leased 116,000 SF at 530 Fifth Avenue
- McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
- TBWA Worldwide leased 107,308 SF at 488 Madison Ave
- KPMG LLP leased 102,979 SF at 560 Lexington Ave
- Crain Communications leased 100,000 SF at 711 Third Ave
- Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
- W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
- Berkely College leased 94,669 SF at 12 East 41st St
- Geller & Co. leased 94,000 SF at 909 Third Ave
- International Rescue Com… leased 88,384 SF at 122 East 42nd St
Nearby Retail Tenants Leased
- FILA leased 4,087 SF at 340 Madison Ave
- RFR Realty leased 4,066 SF at 275 Madison Avenue
- Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
- CTSH LLC Deli leased 3,800 SF at 633 Third Ave
- Panache Lingerie leased 3,800 SF at 286 Madison Avenue
- Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
- 1 Bite Mediterranean leased 3,600 SF at 875 Third Ave
- Staples leased 3,556 SF at 261 Madison Ave
- Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
- Ricky's leased 3,500 SF at 550 Fifth Ave
Nearby Office Tenants Leased
- Convene leased 116,000 SF at 530 Fifth Avenue
- McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
- TBWA Worldwide leased 107,308 SF at 488 Madison Ave
- KPMG LLP leased 102,979 SF at 560 Lexington Ave
- Crain Communications leased 100,000 SF at 711 Third Ave
- Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
- W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
- Berkely College leased 94,669 SF at 12 East 41st St
- Geller & Co. leased 94,000 SF at 909 Third Ave
- International Rescue Com… leased 88,384 SF at 122 East 42nd St
- FILA leased 4,087 SF at 340 Madison Ave
- RFR Realty leased 4,066 SF at 275 Madison Avenue
- Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
- CTSH LLC Deli leased 3,800 SF at 633 Third Ave
- Panache Lingerie leased 3,800 SF at 286 Madison Avenue
- Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
- 1 Bite Mediterranean leased 3,600 SF at 875 Third Ave
- Staples leased 3,556 SF at 261 Madison Ave
- Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
- Ricky's leased 3,500 SF at 550 Fifth Ave
Argent Trading Testimonial
To Whom it May Concern:
I have had the opportunity to work with Optimal Spaces Inc. (specifically, Stephen Sunderland) over the last 18 months. Stephen was hired to find a reasonably priced lease for corporate office space that would support our highly professional environment. I considered this to be a significant challenge since Manhattan was experiencing a severe shortage in available professional space.
However, Stephen found a space that exceeded my expectations and that was approximately 15% below current market rates for comparable space. An important aspect of working with Stephen is the level to which I can trust him to act in my best interest. I believe that Stephen possesses in-depth knowledge of the New York City real estate market and is responsive and performs his work in a very professional manner. I am impressed by Stephen's sincere desire to understand his clients' needs. It is clear to me that Stephen is interested un building mutually beneficial business relationships.
I am happy to recommend Optimal Spaces Inc. to other growing businesses, and I look forward to working with Optimal Spaces Inc. again.
Sincerely,
William Levitz
President
Argent Trading, LLC
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Commercial space for lease
Optimal Spaces negotiates tenant deals, typically securing 15-20% 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 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
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