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Rent/Lease Office 54 W 40th St

$ / SF SF Monthly Rent

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 49
11,700
$ 47,775
Penn Plaza & West 33rd Street $ 43
29,000
$ 103,916
Bryant Park & 6th Avenue $ 62
14,000
$ 72,333
Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 54
3,200
$ 14,400
Broadway & West 41st Street $ 56
4,700
$ 22,129
Fifth Ave & West 33rd Street $ 70
4,300
$ 24,904
Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 55
2,200
$ 10,083
Address $ / SF SF Monthly Rent
W 37th St & 6th Avenue $ 32
11,400
$ 30,400
W 37th St & Avenue of America $ 36
10,200
$ 31,025
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
Address $ / SF SF Monthly Rent
Seventh Ave & West 38th Street $ 48
4,200
$ 16,800
W 37th St & 6th Avenue $ 35
3,500
$ 10,208
W 40th St & Eighth Avenue $ 40
2,600
$ 8,666
Broadway & West 37th Street $ 39
6,100
$ 19,825
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 $ 46
2,500
$ 9,687
W 38th St & Eighth Avenue $ 35
4,400
$ 12,833
W 35th St & Between West 35th Street $ 34
5,300
$ 15,016
W 37th St & Seventh Avenue $ 30
6,800
$ 17,000
W 36th St & Eighth Avenue $ 50
3,700
$ 15,416
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 $ 32
5,000
$ 13,125
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 $ 2100 $ 2253 $ 775
Interior office/person $ 1350 $ 1753 $ 525
Team Rooms $ 10100 $ 9003 $ 5025
Suites $ 20100 $ 13003 $ 7025

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 70
13,200
$ 77,000
Fifth Ave & West 38th Street $ 56
17,600
$ 82,133
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 $ 73
8,500
$ 51,708
Address $ / SF SF Monthly Rent
Broadway & West 37th Street $ 68
5,500
$ 30,937
W 38th St & Avenue of the Americas $ 57
3,500
$ 16,625
Broadway & West 41st Street $ 66
6,800
$ 37,683
Broadway & West 36th Street $ 66
4,600
$ 25,491
2 & West 31st Street $ 142
5,300
$ 62,495
Fifth Ave & West 38th Street $ 62
3,800
$ 19,633
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
$ 25,000
W 39th St & Eighth Avenue $ 40
7,700
$ 25,345
W 33rd St & Fifth Avenue $ 40
7,100
$ 23,666
Eighth Ave & West 35th Street $ 39
7,100
$ 23,075
Eighth Ave & W 35th Street $ 40
8,000
$ 26,333
W 37th St & Avenue of America $ 48
8,600
$ 34,400
Tenth Ave & West 37th Street $ 49
7,900
$ 32,258
W 36th St & 6th Avenue $ 45
9,600
$ 36,000
Broadway & West 38th Street $ 54
9,500
$ 42,750
Seventh Ave & West 37th Street $ 56
10,300
$ 47,637
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 $ 37
4,700
$ 14,491
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
$ 28,966
W 39th St & Eighth Avenue $ 36
9,200
$ 27,216
Eighth Ave & West 36th Street $ 41
16,000
$ 54,666
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 $ 40
11,400
$ 38,000
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 40
3,900
$ 13,000
W 35th St & Eighth Avenue $ 34
3,300
$ 9,487
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 38th St & Between West 37th Street $ 40
2,700
$ 9,000
Eighth Ave & West 36th Street $ 42
5,800
$ 20,058
W 32nd St & Ninth Avenue $ 50
2,800
$ 11,666
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 37th St & Ninth Avenue $ 37
1,900
$ 5,920

Retail Spaces for Rent at 54 W 40th St

Rent Medical Space at 54 W 40th St

Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St
Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl
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
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St

Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl
Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St
Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl

Brightwater Fund LLC Testimonial

Brightwater Fund LLC testimonial
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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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.
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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.

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