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Rent/Lease Office 589 Fifth Ave, New York, NY
Lease Office 589 Fifth Ave
| $ / SF / Yr | SF | Monthly Rent |
|---|---|---|
| $ 75 |
| $ / SF / Yr | SF | Monthly Rent |
|---|---|---|
| Negotiable |
Rent Sublease Office at 589 Fifth Ave
Nearby Sublease office Spaces for Rent
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Avenue of the Americas | $ 111.5 | 25,000 |
$ 232,291 |
| Avenue of the Americas & West 55th Street | $ 64 | 7,300 |
$ 38,933 |
| Madison Ave & East 54th Street | $ 80 | 31,000 |
$ 206,666 |
| Madison Ave & East 60th Street | $ 89 | 9,500 |
$ 70,458 |
| Madison Ave & East 51st Street | $ 75 | 8,100 |
$ 50,625 |
| 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 |
| E 53rd St & Fifth Avenue | $ 79 | 12,200 |
$ 80,316 |
| Fifth Ave & West 52nd Street | $ 130 | 10,300 |
$ 111,583 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Park Ave & East 54th Street | $ 85 | 5,600 |
$ 39,666 |
| Fifth Ave & East 56th Street | $ 85 | 4,400 |
$ 31,166 |
| Lexington Ave & East 50th Street | $ 54 | 4,000 |
$ 18,000 |
| Avenue of the Americas & West 55th Street | $ 62 | 6,200 |
$ 32,033 |
| Fifth Ave & West 52nd Street | $ 78 | 4,400 |
$ 28,600 |
| Madison Ave & East 49th Street | $ 69 | 5,500 |
$ 31,625 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 49th Street | $ 76.5 | 2,200 |
$ 14,025 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 60th St & Madison Avenue | $ 65 | 4,200 |
$ 22,750 |
| W 57th St & Avenue of the Americas | Negotiable | 5,100 |
Negotiable |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Avenue of the Americas | Negotiable | 2,300 |
Negotiable |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | 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 / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Avenue of the Americas | $ 105 | 15,800 |
$ 138,250 |
| Fifth Ave & East 55th Street | $ 157.5 | 19,300 |
$ 253,312 |
| Park Ave & East 58th Street | $ 125 | 11,300 |
$ 117,708 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Third Ave & East 49th Street | $ 50 | 4,300 |
$ 17,916 |
| Park Ave & East 54th Street | $ 79.5 | 3,500 |
$ 23,187 |
| 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 / Yr | 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 51st 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 |
| Address | $ / SF / Yr | 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 / Yr | SF | Monthly Rent |
|---|---|---|---|
| Park Ave & East 59th Street | $ 69.5 | 6,200 |
$ 35,908 |
| Madison Ave & East 49th Street | $ 55.55 | 3,400 |
$ 15,739 |
| E 48th St & Madison Avenue | $ 55 | 4,600 |
$ 21,083 |
| E 52nd St & Fifth Avenue | $ 42.5 | 3,400 |
$ 12,041 |
| W 57th St & Avenue of the Americas | $ 68 | 4,100 |
$ 23,233 |
| 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 | 3,200 |
$ 24,880 |
| E 61st St & Second Avenue | $ 61 | 2,500 |
$ 12,708 |
| E 49th St & Between Fifth Avenue | $ 27 | 3,300 |
$ 7,425 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Lexington Ave & Lexington Avenue | $ 44.5 | 2,500 |
$ 9,270 |
| E 60th St & Madison Avenue | $ 55 | 1,600 |
$ 7,333 |
| Park Ave & East 59th Street | $ 65 | 2,100 |
$ 11,375 |
| E 56th St & Park Avenue | $ 59 | 1,900 |
$ 9,341 |
| E 48th St & Madison Avenue | $ 55 | 2,400 |
$ 11,000 |
| W 57th St & Avenue of the Americas | $ 67 | 1,600 |
$ 8,933 |
| E 60th St & Fifth Avenue | $ 54 | 2,200 |
$ 9,900 |
| E 58th St & Third Avenue | $ 52 | 1,900 |
$ 8,233 |
| Madison Ave & East 49th Street | $ 65 | 2,000 |
$ 10,833 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 47th St & Avenue of the Americas | $ 52.5 | 7,100 |
$ 31,062 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 59th St & Madison Avenue | $ 61.5 | 4,000 |
$ 20,500 |
| E 59th St & Between Second Avenue | $ 65.5 | 6,500 |
$ 35,479 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 47th St & Avenue of the Americas | $ 53 | 2,000 |
$ 8,833 |
Retail Spaces for Rent at 589 Fifth Ave
Rent Retail 589 Fifth Ave
Rent Medical Space at 589 Fifth Ave
Retail Tenants Rented / Leased 589 Fifth Avenue
- H&M; leased 57,000 SF
Nearby Office Tenants Leased
- New School leased 212,810 SF at 79 Fifth Ave
- Meredith Corporation leased 212,594 SF at 805 Third Ave
- A+E Networks leased 206,966 SF at 235 East 45th St
- Bloomberg leased 204,442 SF at 919 Third Avenue
- Polo Ralph Lauren leased 200,000 SF at 650 Madison Ave
- Citadel leased 200,000 SF at 425 Park Avenue
- Tommy Hilfiger leased 200,000 SF at 285 Madison Avenue
- PJT Partners, Inc. leased 198,840 SF at 280 Park Ave
- Mutual Of America leased 193,631 SF at 320 Park Ave
- National Basketball Associ… leased 193,117 SF at 645 Fifth Ave
- CB2 leased 13,265 SF at 979 Third Ave
- The Donnell Library Center leased 13,124 SF at 485 Lexington Ave
- Club Monaco leased 13,000 SF at 597 Fifth Avenue
- Guess leased 13,000 SF at 575 Fifth Ave
- Lyceum Kennedy International School leased 12,708 SF at 815 Second Avenue
- Tourneau leased 12,050 SF at 601 Madison Avenue
- Staples leased 12,000 SF at 675 Third Ave
- North Fork Bank leased 12,000 SF at 57 West 57th St
- Duane Reade leased 11,717 SF at 575 Lexington Ave
- Mackage leased 11,555 SF at 404 Fifth Avenue
| $ / 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 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.
Find My Space!
Thank you! we will be in touch.
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 a 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
589 Fifth Avenue, New York, NY Property Overview
| Building Address: | 589 Fifth Ave, New York NY 10017 |
| Building Name: | 589 5th Avenue |
| Building Alternate Address: | 589 5th Ave, New York, NY |
| 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:
- Verizon Fios: fiber-optic, up to 2 Gbps
- Astound Broadband (RCN): cable and fiber, up to 1.5 Gbps
- Spectrum: cable, up to 1 Gbps
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
Retail Tenants Rented / Leased 589 Fifth Avenue
- H&M; leased 57,000 SF
Nearby Office Tenants Leased
- New School leased 212,810 SF at 79 Fifth Ave
- Meredith Corporation leased 212,594 SF at 805 Third Ave
- A+E Networks leased 206,966 SF at 235 East 45th St
- Bloomberg leased 204,442 SF at 919 Third Avenue
- Polo Ralph Lauren leased 200,000 SF at 650 Madison Ave
- Citadel leased 200,000 SF at 425 Park Avenue
- Tommy Hilfiger leased 200,000 SF at 285 Madison Avenue
- PJT Partners, Inc. leased 198,840 SF at 280 Park Ave
- Mutual Of America leased 193,631 SF at 320 Park Ave
- National Basketball Associ… leased 193,117 SF at 645 Fifth Ave
- CB2 leased 13,265 SF at 979 Third Ave
- The Donnell Library Center leased 13,124 SF at 485 Lexington Ave
- Club Monaco leased 13,000 SF at 597 Fifth Avenue
- Guess leased 13,000 SF at 575 Fifth Ave
- Lyceum Kennedy International School leased 12,708 SF at 815 Second Avenue
- Tourneau leased 12,050 SF at 601 Madison Avenue
- Staples leased 12,000 SF at 675 Third Ave
- North Fork Bank leased 12,000 SF at 57 West 57th St
- Duane Reade leased 11,717 SF at 575 Lexington Ave
- Mackage leased 11,555 SF at 404 Fifth Avenue
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.
Office Buildings in Plaza District
- 630 Fifth Avenue
- 30 Rockefeller Plaza
- 1290 Avenue of the Americas
- 767 Fifth Avenue
- 345 Park Avenue
- 277 Park Avenue
- 399 Park Avenue
- 9 West 57th Street
- 660 Fifth Avenue
- 919 Third Avenue
- 601 Lexington Avenue
- 909 Third Avenue
- 299 Park Avenue
- 280 Park Avenue
- 55 East 52nd Street
- 599 Lexington Avenue
- 725 Fifth Avenue
- 731 Lexington Avenue
- 520 Madison Avenue
- 590 Madison Avenue
- 437 Madison Avenue
- 51 West 52nd Street
- 375 Park Avenue
- 885 Second Avenue
- 550 Madison Avenue
- 300 Park Avenue
- 320 Park Avenue
- 1230 Avenue of the Americas
- 31 West 52nd Street
- 425 Park Avenue
- 575 Lexington Avenue
- 40 West 57th Street
- 979 Third Avenue
- 12 East 49th Street
- 1 Rockefeller Plaza
- 757 Third Avenue
- 885 Third Avenue
- 875 Third Avenue
- 75 Rockefeller Plaza
- 65 East 55th Street
- 850 Third Avenue
- 110 East 59th Street
- 1350 Sixth Avenue
- 650 Madison Avenue
- 900 Third Avenue
- 350 Park Avenue
- 777 Third Avenue
- 825 Third Avenue
- 805 Third Avenue
- 535 Madison Avenue
- 150 East 58th Street
- 712 Fifth Avenue
- 745 Fifth Avenue
- 660 Madison Avenue
- 800 Third Avenue
- 1270 Avenue of the Americas
- 50 Rockefeller Plaza
- 575 Fifth Avenue
- 780 Third Avenue
- 717 Fifth Avenue
- 1330 Avenue Of The Americas
- 600 Fifth Avenue
- 570 Lexington Avenue
- 555 Madison Avenue
- 135 East 57th Street
- 641 Lexington Avenue
- 645 Fifth Avenue
- 750 Lexington Avenue
- 525 Lexington Avenue
- 950 Third Avenue
- 444 Madison Avenue
- 650 Fifth Avenue
- 575 Madison Avenue
- 730 Fifth Avenue
- 488 Madison Avenue
- 560 Lexington Avenue
- 445 Park Avenue
- 600 Madison Avenue
- 580 Fifth Avenue
- 40 East 52nd Street
- 515 Madison Avenue
- 510 Madison Avenue
- 845 Third Avenue
- 623 Fifth Avenue
- 10 East 53rd Street
- 1370 Avenue of the Americas
- 450 Park Avenue
- 595 Madison Avenue
- 477 Madison Avenue
- 640 Fifth Avenue
- 711 Fifth Avenue
- 485 Madison Avenue
- 600 Lexington Avenue
- 767 Third Avenue
- 499 Park Avenue
- 150 East 52nd Street
- 10 Rockefeller Plaza
- 540 Madison Avenue
- 390 Park Avenue
- 125 W 57th St
- 1011 First Avenue
- 460 Park Avenue
- 163-165 East 52nd Street
- 505 Park Avenue
- 130 East 59th Street
- 57 West 57th Street
- 425 East 61st Street
- 579 Fifth Avenue
- 14 East 60th Street
- 609 Fifth Avenue
- 30 East 60th Street
- 830 Third Avenue
- 133 East 58th Street
- 155 East 55th Street
- 15 West 47th Street
- 45 W 53rd St
- 64 West 48th Street
- 18 East 48th Street
- 16 East 52nd Street
- 425 Madison Avenue
- 590 Fifth Avenue
- 26-40 W 54th St
- 48 West 48th Street
- 309-315 East 48th Street
- 328-330 East 62nd Street
- 24-26 West 57th Street
- 1 East 57th Street
- 30 Central Park S
- 120 East 56th Street
- 71 West 47th Street
- 424 Madison Avenue
- 49-55 West 47th Street
- 306 East 61st Street
- 20 West 55th Street
- 592 Fifth Avenue
- 22 West 48th Street
- 37 West 57th Street
- 50 West 57th Street
- 110 East 55th Street
- 18-20 East 50th Street
- 6 West 57th Street
- 724 Fifth Avenue
- 60 East 56th Street
- 1124-1128 First Avenue
- 42 West 48th Street
- 315 East 62nd Street
- 936-938 Third Avenue
- 145 East 57th Street
- 25 West 52nd Street
- 6 West 48th Street
- 20-24 East 60th Street
- 3-5 West 57th Street
- 232 East 59th Street
- 121 East 60th Street
- 7-9 West 51st Street
- 160 East 56th Street
- 420 Madison Avenue
- 5 East 57th Street
- 1114 First Avenue
- 5 East 59th Street
- 1011-1029 Third Avenue
- 135 East 55th Street
- 587 Fifth Avenue
- 59 East 54th Street
- 215 East 58th Street
- 601 Madison Avenue
- 677 Fifth Avenue
- 155 East 48th Street
- 1153-1167 First Avenue
- 30 West 56th Street
- 139 East 57th Street
- 60 West 55th Street
- 124 E 63rd St
- 49 West 57th Street
- 17 East 48th Street
- 604 Fifth Avenue
- 1200 Avenue of the Americas
- 22 East 49th Street
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.
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.
Find My Space!