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Rent/Lease Office 623 Fifth Ave

Lease Office 623 Fifth Ave

$ / SF SF Monthly Rent
$ 96
14,400
$ 115,200
Please notify me when a new space is available
$ / SF SF Monthly Rent
$ 77
5,400
$ 34,650
$ / SF SF Monthly Rent

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
$ 47,916
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
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 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
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
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 623 Fifth Ave

Rent Medical Space at 623 Fifth Ave

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 623 Fifth Avenue. This trend is projected to continue. Opportunities for subleases remain available at 623 Fifth Avenue and in the nearby Plaza District neighborhood.
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623 Fifth Avenue Property Overview

Building Address: 623 Fifth Ave, New York NY 10022
Building Alternate Address: 623 5th Ave
Zip Code:10022
Neighborhood:Plaza District
Borough:Manhattan
Stories:36
Year Built:1989
Building Class:A
Block & lot:01285-7501

623 Fifth Avenue, formerly known as the Swiss Bank Tower, is a 36-story postmodern office building located in Manhattan, New York City. Completed in 1990, it was designed by Lee Harris Pomeroy Associates and Abramovitz Kingsland Schiff for Swiss Bank and Saks Fifth Avenue.

The building serves as an extension to the existing Saks Fifth Avenue department store, increasing its selling area by 30%. The first nine floors are dedicated to Saks, while the 10th floor houses separate mechanical systems for the store and office building. The 11th and 12th floors feature a sky lobby, cafeteria, and conference center.

The tower is clad in Indiana limestone with a pattern of punched recessed windows, blending classic motifs with modern design elements. Its chamfered corners echo those of the older Saks Fifth Avenue store. The building's design respects the surrounding context, including Rockefeller Center.

In 2002, the building was sold, and its address changed from 10 West 50th Street to 623 Fifth Avenue. The interior has been used as a filming location for TV shows like "Billions" and "Mr. Robot".

623 Fifth Avenue, located in Midtown Manhattan, NYC, is a 36-story building originally built in 1988. It is situated between 49th and 50th Streets, directly across from Rockefeller Center and atop the iconic Saks Fifth Avenue flagship store. The building was initially designed for Swiss Bank and features a column-free design with breathtaking city views.

The building is currently undergoing a conversion to residential use, with plans to create 172 residential units averaging 2,000 square feet each. The bottom 10 floors will remain as retail space for Saks Fifth Avenue.

623 Fifth Avenue offers amenities such as 24/7 security, a sky lobby, loading dock, and extended HVAC services. It is part of a broader effort to convert underutilized office buildings into residential spaces to boost New York's housing supply.


Building Amenities at 623 Fifth Ave, Manhattan, NYC:

  • 24 Hour Access
  • Banking
  • Bus Line
  • Conferencing Facility
  • Food Service
  • Metro/Subway
  • Property Manager on Site
  • Stately Marble and Limestone Lobby
  • State-of-the-art Security and Fire Emergency Safety Systems
  • Submetered Electric on Full Floors
  • Concierge in Lobby

Office tenants at 623 Fifth Avenue include Doral Financial Corporation, which leased 27,496 square feet and 30,000 square feet.


Internet Providers at 623 Fifth Ave, Manhattan, NYC:

  • Verizon Fios: Known for 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 widespread coverage with speeds up to 1 Gbps.

623 Fifth Avenue in Manhattan, NYC, is conveniently located near several public transportation options. The nearest subway stations include 5 Av/53 St, 47-50 Sts-Rockefeller Ctr, and 51 St. Bus stops are available at 5th Ave @ 51st St, 5th Ave & W 51st St, and 5 Av/W 54 St. The cross streets for this location are West 40th Street and West 41st Street are not directly adjacent, but nearby cross streets include West 51st Street and West 52nd Street.


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Why Optimal Spaces –
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Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
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  • 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.
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4. Negotiating Beyond Base Rent
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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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