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Rent/Lease Office 550 Seventh Ave

$ / SF / Yr SF Monthly Rent
Negotiable

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 550 Seventh Ave

Rent Retail 550 Seventh Ave

Rent Medical Space at 550 Seventh Ave

Office Tenants Rented / Leased 550 Seventh Avenue
  • Carlos Falchi and Isabella Fiore leased 11,695 SF
  • Eugene Fenasci LLC leased 11,695 SF
  • Polo Ralph Lauren Corp. leased 11,695 SF
  • Badgley Mischka leased 8,000 SF
  • Bill Blass leased 11,695 SF
  • Donna Karan leased 46,780 SF
  • Mavi Jeans leased 6,987 SF
  • ActiveViam leased 2,400 SF
  • Wework leased 52,477 SF
  • DKNY leased 12,015 SF
Nearby Office Tenants Leased
  • Foot Locker, Inc. leased 146,387 SF at 330 West 34th St
  • NASDAQ leased 145,000 SF at 4 Times Square
  • DKNY leased 143,800 SF at 240 West 40th St
  • WeWork leased 136,118 SF at 315 West 36th St
  • Li & Fung USA leased 133,000 SF at 1359 Broadway
  • Milberg Weiss Bershad & Schulman LLP leased 131,619 SF at 1 Penn Plaza
  • Merrill Lynch Wealth Management leased 125,000 SF at 75 Rockefeller Plaza
  • Indeed leased 125,000 SF at 1120 Avenue of the Americas
  • Scripps Networks LLC leased 120,721 SF at 1180 Sixth Ave
  • Advance Publications leased 120,000 SF at 1166 Sixth Ave
Nearby Retail Tenants Leased
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • Aureole leased 8,800 SF at One Bryant Park
  • The Keg Room leased 8,400 SF at 53 West 36th St
  • Muses 35 Bar leased 8,000 SF at 248 West 35th Street
  • Mid-City Gym and Tanning leased 8,000 SF at 345 West 42nd St
  • 48 Rockefeller Corp. leased 8,000 SF at 48 West 48th St
  • Dress Barn leased 7,958 SF at 1180 Sixth Ave
  • Gogi 37 leased 7,600 SF at 252 West 37th Street
  • 36 H&Y; Duet leased 7,565 SF at 65 West 36th Street
  • Hudson Station leased 7,111 SF at 440 Ninth 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 550 Seventh Avenue. This trend is projected to continue. Opportunities for subleases remain available at 550 Seventh Avenue 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

550 Seventh Avenue Property Overview

Building Address: 550 Seventh Ave, New York NY 10018
Building Alternate Address: 550 7th Ave
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:24
Year Built:1924
Building Class:B
Block & lot:00789-0036

550 Seventh Avenue, located at the northwest corner of West 39th Street in Manhattan's Garment District, is a distinguished tall office building completed in 1925. Designed by the architectural firm Buchman & Kahn, the building rises 23 stories to a height of approximately 85.7 meters (281 feet). It stands as a notable example of early 20th-century commercial architecture in New York City.

The property occupies a significant footprint with a lot size of around 9,875 square feet and a building area of approximately 225,981 square feet. Since its completion in the mid-1920s, 550 Seventh Avenue has served primarily as an office building within the bustling Garment District, contributing to the commercial vitality of the neighborhood.

Over the decades, the building has maintained its prominence in Midtown Manhattan’s skyline, reflecting the historical growth and architectural trends of the era. Its durable construction and classic design have allowed it to remain functional and relevant nearly a century after its initial development.

550 Seventh Avenue is a significant location in Manhattan, New York City. It is home to a Bank of America financial center offering a variety of banking services, including walk-up ATM access and extended hours. Located in the Penn Plaza/Garment neighborhood, this 24-story building, constructed in 1924, is classified as a Class B office building.

The area is vibrant and close to Times Square, known for its theaters, live shows, and major events, making it a hub of activity in New York City. It also offers proximity to educational institutions like ASA College Manhattan and Berkeley College-New York.


550 Seventh Avenue is a 24-story Class B office building in Manhattan, NYC, built in 1924 with a total building size of 270,851 square feet and typical floor size of 11,695 square feet.

The building offers the following amenities:

  • 24-hour access
  • Lobby staffed 24/7
  • Elevator key card access system
  • Key card access for after-hours
  • Onsite property management
  • Surface parking
  • Covered parking
  • Convenient access to bus lines and metro/subway

Office Tenants at 550 Seventh Avenue, Manhattan, NYC

The 24-story office building at 550 Seventh Avenue, located in the Penn Plaza/Garment District of Manhattan, hosts a variety of tenants spanning different industries. The building has transitioned from primarily fashion-related tenants to a more diverse group in recent years.

  • Headquarters by WeWork – occupying five noncontiguous floors, totaling approximately 52,477 square feet, and catering to medium-sized businesses across sectors including fashion, technology, media, and creative services.
  • Nassimi
  • Shanghai Shenda America
  • Badgley Mischka (recently announced plans to leave but was a notable tenant)
  • InVision Communications
  • Mortgage related services and Bank of America
  • Mitchell Martin Inc

Historically, the building was home to prominent fashion brands such as Donna Karan, Ralph Lauren, and Oscar de la Renta, reflecting its Art Deco heritage and location in the Garment District. Recent renovations have modernized the building's lobby, facade, and amenities to support a broader tenant base.


Internet Providers for 550 Seventh Ave, Manhattan, NYC

Several major internet service providers offer coverage in Midtown Manhattan, including 550 Seventh Ave.

Verizon Fios

Verizon Fios is a leading fiber-optic provider in Manhattan known for fast, symmetrical speeds starting at 300 Mbps and up to 2 Gbps. It offers bundles with TV, phone, and mobile services and is highly rated for customer service.

Astound Broadband Powered by RCN

Astound Broadband (formerly RCN) provides both cable and fiber internet services with download speeds up to 1.5 Gbps. It is known for competitive pricing and unlimited data plans, with widespread coverage in Manhattan.

Spectrum

Spectrum offers cable and fiber internet services with speeds up to 1 Gbps. It is widely available throughout Manhattan, including Midtown, and offers no data caps with bundled TV and phone options.

Optimum

Optimum provides some of the fastest internet speeds in New York City, with plans reaching up to 8 Gbps in select areas. It offers fiber and cable internet services.

Xfinity

Xfinity offers cable internet with speeds up to 2 Gbps and various bundling options, commonly available in Manhattan neighborhoods.


Location Overview:
550 Seventh Ave is located in the heart of Manhattan, New York City, offering easy access to various modes of public transportation.

Nearest Public Transportation:

  • Subway: Close to multiple lines including the B, D, F, M at 42nd Street–Bryant Park and the A, C, E at 42nd Street–Port Authority Bus Terminal. However, the nearest subway stations for direct access typically would be around Times Square.
  • Bus: Served by buses such as M7, M20, M42, and Q32.
  • Train: New York Penn Station is approximately a 7-minute walk away, providing access to NJ Transit and other commuter services.

Cross Streets: 550 Seventh Ave is situated between West 39th and West 40th Streets.

Office Tenants Rented / Leased 550 Seventh Avenue
  • Carlos Falchi and Isabella Fiore leased 11,695 SF
  • Eugene Fenasci LLC leased 11,695 SF
  • Polo Ralph Lauren Corp. leased 11,695 SF
  • Badgley Mischka leased 8,000 SF
  • Bill Blass leased 11,695 SF
  • Donna Karan leased 46,780 SF
  • Mavi Jeans leased 6,987 SF
  • ActiveViam leased 2,400 SF
  • Wework leased 52,477 SF
  • DKNY leased 12,015 SF
Nearby Office Tenants Leased
  • Foot Locker, Inc. leased 146,387 SF at 330 West 34th St
  • NASDAQ leased 145,000 SF at 4 Times Square
  • DKNY leased 143,800 SF at 240 West 40th St
  • WeWork leased 136,118 SF at 315 West 36th St
  • Li & Fung USA leased 133,000 SF at 1359 Broadway
  • Milberg Weiss Bershad & Schulman LLP leased 131,619 SF at 1 Penn Plaza
  • Merrill Lynch Wealth Management leased 125,000 SF at 75 Rockefeller Plaza
  • Indeed leased 125,000 SF at 1120 Avenue of the Americas
  • Scripps Networks LLC leased 120,721 SF at 1180 Sixth Ave
  • Advance Publications leased 120,000 SF at 1166 Sixth Ave
Nearby Retail Tenants Leased
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • Aureole leased 8,800 SF at One Bryant Park
  • The Keg Room leased 8,400 SF at 53 West 36th St
  • Muses 35 Bar leased 8,000 SF at 248 West 35th Street
  • Mid-City Gym and Tanning leased 8,000 SF at 345 West 42nd St
  • 48 Rockefeller Corp. leased 8,000 SF at 48 West 48th St
  • Dress Barn leased 7,958 SF at 1180 Sixth Ave
  • Gogi 37 leased 7,600 SF at 252 West 37th Street
  • 36 H&Y; Duet leased 7,565 SF at 65 West 36th Street
  • Hudson Station leased 7,111 SF at 440 Ninth Ave

Argent Trading Testimonial

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

Office Buildings in Penn Plaza/Garment

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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.
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