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Rent/Lease Office 589 Fifth Ave

Lease Office 589 Fifth Ave

$ / SF SF Monthly Rent
Please notify me when a new space is available
$ / SF SF Monthly Rent
Negotiable
2,800
Negotiable
$ / SF SF Monthly Rent
Negotiable
2,100
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
W 57th St & Avenue of the Americas $ 112
25,000
$ 232,291
Avenue of the Americas & West 55th Street West 56th Street $ 63
7,300
$ 38,325
Madison Ave & East 54th Street $ 80
31,000
$ 206,666
Avenue Of The Americas & West 47th Street $ 58
10,000
$ 48,333
Park Ave & East 57th Street $ 160
10,800
$ 144,000
Madison Ave & East 59th Street $ 99
8,300
$ 68,475
Fifth Ave & West 52nd Street $ 130
10,300
$ 111,583
Address $ / SF SF Monthly Rent
Park Ave & East 54th Street $ 85
5,600
$ 39,666
Fifth Ave & East 56th Street $ 85
6,600
$ 46,750
Lexington Ave & East 50th Street $ 54
4,000
$ 18,000
Avenue of the Americas & West 55th Street West 56th Street $ 62
6,200
$ 32,033
Madison Ave & East 49th Street $ 69
5,500
$ 31,625
Address $ / SF SF Monthly Rent
Madison Ave & East 49th Street $ 76
2,200
$ 14,025
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
E 60th St & Madison Avenue $ 65
4,200
$ 22,750
W 57th St & Avenue of America $ 531
5,100
$ 225,675
Address $ / SF SF Monthly Rent
W 57th St & Avenue of America $ 532
2,300
$ 101,870
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF 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 SF Monthly Rent
W 57th St & Avenue of the Americas $ 105
15,800
$ 138,250
Fifth Ave & East 55th Street $ 157
19,300
$ 252,508
Park Ave & East 58th Street $ 125
11,300
$ 117,708
Address $ / SF SF Monthly Rent
Third Ave & East 49th Street $ 50
4,300
$ 17,916
Park Ave & East 54th Street $ 81
3,500
$ 23,625
Park Ave & East 58th Street $ 125
4,000
$ 41,666
Third Ave & East 49th Street $ 73
3,800
$ 23,116
Madison Ave & East 55th Street $ 65
5,000
$ 27,083
Address $ / SF SF Monthly Rent
Third Ave & East 49th Street $ 60
2,000
$ 10,000
E 52nd St & Lexington Avenue $ 64
2,400
$ 12,800
Madison Ave & East 55th Street $ 76
2,300
$ 14,566
Madison Ave & East 48th Street $ 70
1,800
$ 10,500
Fifth Ave & West 47th Street $ 73
1,900
$ 11,558
Avenue of the Americas & West 51th Street $ 84
2,200
$ 15,400
Rockefeller Plz & West 50th Street $ 92
1,600
$ 12,266
Park Ave & East 56th Street $ 98
1,900
$ 15,516
Fifth Ave & West 55th Street West 56th Street $ 165
2,300
$ 31,625
Address $ / SF SF Monthly Rent
W 48th St & Avenue of the Americas $ 58
12,500
$ 60,416
5th Ave & West 47th Street $ 63
8,000
$ 42,000
E 59th St & Madison Avenue $ 180
9,700
$ 145,500
Address $ / SF SF Monthly Rent
Park Ave & East 59th Street $ 68
6,200
$ 35,391
Madison Ave & East 49th Street $ 56
3,400
$ 15,739
E 52nd St & Fifth Avenue $ 44
3,400
$ 12,466
W 57th St & Avenue of America $ 68
4,100
$ 23,404
E 55th St & Third Avenue $ 47
2,900
$ 11,358
E 58th St & Third Avenue $ 50
3,400
$ 14,166
E 59th St & Second Avenue $ 93
3,200
$ 24,880
E 59th St & Madison Avenue $ 170
4,600
$ 65,166
E 61st St & Barclay Street $ 60
2,500
$ 12,500
E 49th St & Between 5th Avenue $ 27
3,300
$ 7,425
Address $ / SF SF Monthly Rent
Lexington Ave & Lexington Avenue $ 44
2,500
$ 9,270
E 60th St & Madison Avenue $ 55
1,600
$ 7,333
Park Ave & East 59th Street $ 63
2,100
$ 11,025
E 56th St & Park Avenue South $ 59
1,900
$ 9,341
W 57th St & Avenue of America $ 67
1,600
$ 8,933
E 60th St & Fifth Avenue $ 54
2,200
$ 9,900
E 58th St & Third Avenue $ 50
1,900
$ 7,916
Madison Ave & East 49th Street $ 63
2,000
$ 10,500
Address $ / SF SF Monthly Rent
W 47th St & Avenue of the Americas $ 52
7,100
$ 30,766
Address $ / SF SF Monthly Rent
E 59th St & Madison Avenue $ 62
4,000
$ 20,500
E 59th St & Between 2nd Avenue $ 67
6,500
$ 36,291
Address $ / SF SF Monthly Rent
W 47th St & Avenue of the Americas $ 53
2,000
$ 8,833

Retail Spaces for Rent at 589 Fifth Ave

Rent Medical Space at 589 Fifth Ave

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 589 Fifth Avenue. This trend is projected to continue. Opportunities for subleases remain available at 589 Fifth Avenue and in the nearby Plaza District neighborhood.
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589 Fifth Avenue nyc
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589 Fifth Avenue Property Overview

Building Address: 589 Fifth Ave, New York NY 10017
Building Name: 589 5th Avenue
Building Alternate Address: 589 5th Ave
Zip Code:10017
Neighborhood:Plaza District
Borough:Manhattan
Stories:17
Year Built:1954
Building Class:A
Block & lot:01283-0069

589 Fifth Avenue, located in Midtown Manhattan, New York City, is a notable building designed by Emery Roth & Sons. Completed in 1954, it stands at the southeast corner of Fifth Avenue and East 48th Street.

The building has undergone significant transformations over the years. In the early 1990s, it was re-clad with an aluminum and glass curtain wall, modernizing its exterior. Notably, H&M opened its largest store at this location in 2014, transforming the interior with a five-story atrium and elaborate design elements.

The property's current tax assessor's market value is approximately $140,817,000, reflecting its prime location in Central Midtown. The building is classified as an office with commercial spaces, spanning 17 stories.

589 Fifth Avenue, Manhattan, NYC is located in the heart of Midtown. This address is also known as 2-4 E 48th St, New York, NY 10017.

The building at 589 Fifth Avenue is an office and commercial structure with 17 stories, built in 1954 and last altered in 2013. It has a total area of 156,319 square feet.

The property is situated in Central Midtown, offering proximity to various amenities and transportation options.


589 Fifth Avenue offers the following building amenities:

  • Air Conditioning
  • Banking
  • Bus Line
  • Conferencing Facility
  • Metro/Subway
  • Natural Light
  • Property Manager on Site
  • 24/7 Access
  • Wired Certified Gold for top-tier connectivity infrastructure
  • Multiple high-quality internet service providers

589 Fifth Avenue in Manhattan, NYC, is a 17-story Class A office building. It has been renovated to serve as a premier location, offering tenants both prestige and convenience.

Some notable tenants in the vicinity include:

  • Bank Leumi USA at 579 Fifth Avenue
  • Barneys at 575 Fifth Avenue
  • Sephora at 597 Fifth Avenue

Current tenants at 589 Fifth Avenue include:

  • Assael International Inc
  • Bernard Nacht & Co
  • Friman & Stein Inc
  • Gad International Ltd
  • Krainz Creations Inc

The building features 24/7 access and is Wired Certified Gold, ensuring top-tier connectivity infrastructure.


Internet Providers at 589 Fifth Ave, Manhattan, NYC:

  • Verizon Fios: Known for its high speeds up to 2 Gbps and reliable service.
  • Astound Broadband Powered by RCN: Offers both cable and fiber services with competitive pricing.
  • Spectrum: Provides cable internet with speeds up to 1 Gbps and widespread availability.

589 Fifth Avenue, Manhattan, NYC is conveniently located near several public transportation options.

Nearest Subway Stations:
- 47-50 Sts-Rockefeller Ctr (7-minute walk)
- 5 Av (8-minute walk)
- 5 Av/53 St (8-minute walk)

Nearest Train Stations:
- Grand Central Madison (2-minute walk)
- Grand Central (4-minute walk)

Bus Stops:
- 5 Av/W 48 St (2-minute walk)
- 5th Ave & W 47th St (2-minute walk)
- Madison Ave @ 47th St (2-minute walk)

Cross Streets:
- West 47th Street
- West 48th Street


Finnerty Economic Consulting, LLC. Testimonial

Finnerty Economic Consulting, LLC. testimonial
🤝
Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
⚖️
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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