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Rent/Lease Office 54 W 40th St

Nearby Sublease office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Broadway & West 36th Street $ 48
11,700
$ 46,800
Penn Plaza & West 33rd Street $ 41.5
29,000
$ 100,291
Bryant Park & Sixth Avenue $ 60
14,000
$ 70,000
Address $ / SF / Yr SF Monthly Rent
Broadway & West 36th Street $ 55.5
3,200
$ 14,800
Broadway & West 41st Street $ 56.5
4,700
$ 22,129
Fifth Ave & West 33rd Street $ 71
4,300
$ 25,441
Address $ / SF / Yr SF Monthly Rent
Broadway & West 41st Street $ 55
2,200
$ 10,083
Address $ / SF / Yr SF Monthly Rent
W 37th St & Sixth Avenue $ 33.5
11,400
$ 31,825
W 37th St & Avenue of the Americas $ 34.5
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 & Seventh Avenue $ 38
15,100
$ 47,816
Eighth Ave & West 34th Street $ 54
8,900
$ 40,050
Address $ / SF / Yr SF Monthly Rent
Seventh Ave & West 38th Street $ 48.5
4,200
$ 16,975
W 37th St & Sixth Avenue $ 35
3,500
$ 10,208
W 40th St & Eighth Avenue $ 41.5
2,600
$ 8,991
Broadway & West 37th Street $ 41
6,100
$ 20,841
Address $ / SF / Yr SF Monthly Rent
Seventh Ave & West 38th Street $ 47
2,100
$ 8,225
Tenth Ave & West 37th Street $ 46.5
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 Eighth Avenue $ 38
2,400
$ 7,600
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 33
7,500
$ 20,625
W 30th St & Fifth Avenue $ 30
7,100
$ 17,750
W 36th St & Eighth Avenue $ 33
7,800
$ 21,450
Address $ / SF / Yr 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 & Seventh Avenue $ 35.5
5,300
$ 15,679
W 36th St & Eighth Avenue $ 50.5
3,700
$ 15,570
W 37th St & Ninth Avenue $ 40
4,500
$ 15,000
W 36th St & Avenue of the Americas $ 45
3,400
$ 12,750
W 30th St & Fifth Avenue $ 33
5,000
$ 13,750
Broadway & West 32nd Street $ 46.28
3,500
$ 13,498
Address $ / SF / Yr SF Monthly Rent
Penn Plaza & West 30th Street $ 47
2,000
$ 7,833
W 36th St & Eighth Avenue $ 49
2,400
$ 9,800
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
Broadway & West 41st Street $ 70.5
13,200
$ 77,550
Fifth Ave & West 38th Street $ 56.5
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 the Americas $ 74.5
8,500
$ 52,770
Address $ / SF / Yr SF Monthly Rent
Broadway & West 37th Street $ 67.5
5,500
$ 30,937
W 38th St & Avenue of the Americas $ 56
3,500
$ 16,333
Broadway & West 41st Street $ 65.5
6,800
$ 37,116
Broadway & West 36th Street $ 65.5
4,600
$ 25,108
2 & West 31st Street $ 140.5
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 / Yr SF Monthly Rent
Broadway & West 37th Street $ 67.5
2,300
$ 12,937
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Address $ / SF / Yr SF Monthly Rent
Eighth Ave & West 36th Street $ 40.5
7,500
$ 25,312
W 39th St & Eighth Avenue $ 40
7,700
$ 25,666
W 33rd St & Fifth Avenue $ 40.5
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 the Americas $ 46.5
8,600
$ 33,325
Tenth Ave & West 37th Street $ 49.5
7,900
$ 32,587
W 36th St & Sixth Avenue $ 46.5
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 / Yr SF Monthly Rent
Seventh Ave & West 38th Street $ 52
3,100
$ 13,433
W 35th St & Avenue of the Americas $ 29
4,400
$ 10,633
Eighth Ave & West 36th Street $ 36
4,700
$ 14,100
Address $ / SF / Yr 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 & Fifth Avenue $ 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 $ 47.5
1,900
$ 7,520
Broadway & West 38th Street $ 52
1,900
$ 8,233
7th Ave & Between Seventh 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 / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 40.5
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
Eighth Ave & West 39th Street $ 41
11,400
$ 38,950
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 40
3,900
$ 13,000
W 35th St & Eighth Avenue $ 33.5
3,300
$ 9,212
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 38th St & Fifth Avenue $ 39
2,700
$ 8,775
Eighth Ave & West 36th Street $ 40.5
5,800
$ 19,575
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 35.5
2,300
$ 6,804
W 38th St & Eighth Avenue $ 36.46
2,100
$ 6,380
W 39th St & Eighth Avenue $ 39.5
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 32nd St & Broadway $ 43
2,100
$ 7,525

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
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
$ / 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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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

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
  • 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

TPG Rewards Testimonial

TPG Rewards testimonial To whom it may concern, This letter is written in support of Mr. Stephen Sunderland. Mr. Sunderland acted as our advisor and broker in our recent search for office space in Manhattan. From our first meeting Mr. Sunderland sought to understand our location, price, office layout and square footage needs. He closely accessed our initial needs, and made realistic suggestions to improve on them. The true measure of Mr. Sunderland's professionalism is that he delivered listings, and ultimately a deal, that closely related to our initial wishes and needs. Throughout our relationship he gave us sound advice as to the pros and cons of each location, and later on how to best work with the landlord in order to create an amicable deal. Mr. Sunderland is a knowledgeable real estate professional who I recommend without any reservation. Sincerely, John S Galinos,President and CEO, TPG Rewards Inc, 111 John Street,27th Floor New York, NY 10038.
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