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Rent/Lease Office 724 Fifth Ave

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Park Ave & East 57th Street $ 160
10,800
$ 144,000
Fifth Ave & West 52nd Street $ 130
10,300
$ 111,583
Fifth Ave & West 55th Street West 56th Street $ 80
12,900
$ 86,000
W 57th St & Avenue of the Americas $ 112
25,000
$ 232,291
Madison Ave & East 54th Street $ 61
11,300
$ 57,441
Avenue Of The Americas & West 47th Street $ 58
10,000
$ 48,333
Madison Ave & East 60th Street $ 89
9,500
$ 70,458
Madison Ave & East 59th Street $ 99
8,300
$ 68,475
E 53rd St & Fifth Avenue $ 79
12,200
$ 80,316
Address $ / SF SF Monthly Rent
Park Ave & East 50th Street $ 85
4,800
$ 34,000
Madison Ave & East 49th Street $ 69
5,500
$ 31,625
Avenue of the Americas & West 55th Street $ 52
5,300
$ 22,966
Avenue of the Americas & West 55th Street West 56th Street $ 62
6,200
$ 32,033
Park Ave & East 54th Street $ 68
4,000
$ 22,666
Fifth Ave & East 56th Street $ 85
4,400
$ 31,166
W 52nd St & Between 5th Avenue $ 91
4,100
$ 31,091
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 $ 531
2,300
$ 101,775
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Tipo di spazio Classe A/mese Classe B/mese Classe C/mese
Ufficio con finestra/persona
Ufficio interno/persona
Sale per team
Suite

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
E 49th St & Fifth Avenue $ 94
16,000
$ 125,333
Park Ave & East 48th Street $ 105
13,700
$ 119,875
Park Ave & East 50th Street $ 150
14,600
$ 182,500
W 57th St & Avenue of the Americas $ 105
15,800
$ 138,250
Rockefeller Plz & West 50th Street $ 92
13,800
$ 105,800
Madison Ave & East 60th Street $ 165
15,300
$ 210,375
W 57th St & Avenue of the Americas $ 200
10,300
$ 171,666
Madison Ave & East 53rd Street East 52nd Street $ 170
11,400
$ 161,500
Madison Ave & East 56th Street $ 105
13,100
$ 114,625
Fifth Ave & West 52nd Street $ 93
11,300
$ 87,575
Third Ave & East 49th Street $ 89
11,200
$ 83,066
Park Ave & East 47th Street $ 130
11,100
$ 120,250
E 59th St & Park Avenue $ 95
13,300
$ 105,291
Madison Ave & East 49th Street $ 79
18,900
$ 124,425
Madison Ave & East 55th Street $ 130
7,800
$ 84,500
Fifth Ave & East 46th Street $ 84
14,600
$ 102,200
E 55th St & Madison Avenue $ 130
10,900
$ 118,083
Fifth Ave & West 55th Street West 56th Street $ 98
9,700
$ 79,216
Rockefeller Plaza & Fifth Avenue $ 95
14,100
$ 111,625
Fifth Ave & East 58th Street $ 150
25,700
$ 321,250
Address $ / SF SF Monthly Rent
Rockefeller Plaza & West 48th Street $ 94
2,800
$ 21,933
E 49th St & Fifth Avenue $ 109
5,500
$ 49,958
Avenue of the Americas & West 51th Street $ 84
2,600
$ 18,200
Madison Ave & East 55th Street $ 125
4,800
$ 50,000
Lexington Ave & East 51st Street $ 78
5,300
$ 34,450
Third Ave & East 49th Street $ 73
3,800
$ 23,116
Third Ave & East 49th Street $ 65
4,000
$ 21,666
Madison Ave & East 55th Street $ 65
5,000
$ 27,083
Fifth Ave & West 52nd Street $ 93
6,800
$ 52,700
E 52nd St & Lexington Avenue $ 68
4,000
$ 22,666
Lexington Ave & East 50th Street $ 71
4,100
$ 24,258
Lexington Ave & East 52nd Street Street $ 82
3,700
$ 25,283
Madison Ave & East 48th Street $ 70
4,500
$ 26,250
Address $ / SF SF Monthly Rent
Avenue of the Americas & West 51th Street $ 84
2,200
$ 15,400
Rockefeller Plz & West 50th Street $ 92
1,600
$ 12,266
Fifth Ave & West 55th Street West 56th Street $ 80
1,900
$ 12,666
Third Ave & East 49th Street $ 71
2,000
$ 11,833
Third Ave & East 49th Street $ 60
2,000
$ 10,000
Madison Ave & East 52nd Street $ 70
1,500
$ 8,750
E 52nd St & Lexington Avenue $ 64
2,400
$ 12,800
Madison Ave & East 55th Street $ 76
2,300
$ 14,566
Fifth Ave & West 49th Street $ 67
2,200
$ 12,283
Address $ / SF SF Monthly Rent
5th Ave & West 47th Street $ 63
8,000
$ 42,000
W 48th St & Avenue of the Americas $ 58
12,500
$ 60,416
E 59th St & Madison Avenue $ 180
9,700
$ 145,500
Address $ / SF SF Monthly Rent
E 55th St & Third Avenue $ 47
2,900
$ 11,358
E 59th St & Second Avenue $ 93
3,200
$ 24,880
Madison Ave & East 49th Street $ 59
4,900
$ 24,091
E 52nd St & Fifth Avenue $ 42
3,400
$ 12,041
E 48th St & Madison Avenue $ 55
4,600
$ 21,083
E 49th St & Between 5th Avenue $ 27
3,300
$ 7,425
W 57th St & Avenue of America $ 68
4,100
$ 23,233
Park Ave & East 59th Street $ 70
6,200
$ 35,908
E 58th St & Third Avenue $ 50
3,400
$ 14,166
E 61st St & Barclay Street $ 61
2,500
$ 12,708
Address $ / SF SF Monthly Rent
E 60th St & Madison Avenue $ 55
1,600
$ 7,333
W 57th St & Avenue of America $ 67
1,600
$ 8,933
E 60th St & Fifth Avenue $ 54
2,200
$ 9,900
E 48th St & Madison Avenue $ 55
2,400
$ 11,000
Lexington Ave & Lexington Avenue $ 44
2,500
$ 9,270
E 56th St & Park Avenue South $ 59
1,900
$ 9,341
Madison Ave & East 49th Street $ 47
2,200
$ 8,616
E 58th St & Third Avenue $ 52
1,900
$ 8,233
Park Ave & East 59th Street $ 65
2,100
$ 11,375
Address $ / SF SF Monthly Rent
W 47th St & Avenue of the Americas $ 52
7,100
$ 31,062
Address $ / SF SF Monthly Rent
E 59th St & Between 2nd Avenue $ 66
6,500
$ 35,479
E 59th St & Madison Avenue $ 62
4,000
$ 20,500
Address $ / SF SF Monthly Rent
W 47th St & Avenue of the Americas $ 53
2,000
$ 8,833

Retail Spaces for Rent at 724 Fifth Ave

Rent Retail 724 Fifth Ave

Rent Medical Space at 724 Fifth Ave

Retail Tenants Rented / Leased 724 Fifth Avenue
  • Prada leased 15,540 SF
Nearby Office Tenants Leased
  • TD Securities Inc leased 142,712 SF at 31 West 52nd St
  • Simons Foundation leased 136,182 SF at 162 Fifth Ave
  • WeWork leased 135,500 SF at 609 Fifth Avenue
  • Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
  • Grant Thornton LLP leased 130,357 SF at 757 Third Ave
  • Holland & Knight leased 130,296 SF at 900 Third Ave
  • CIT Group Inc. leased 130,000 SF at 505 Fifth Ave
  • First Republic Bank leased 130,000 SF at 10 Rockefeller Plaza
  • Alvarez & Marsal Holdings… leased 128,798 SF at 600 Madison Ave
  • Katten leased 125,000 SF at 50 Rockefeller Plaza
Nearby Retail Tenants Leased
  • Urbanspace leased 11,400 SF at 570 Lexington Avenue
  • Gap leased 11,000 SF at 126 Fifth Ave
  • Ann Taylor leased 11,000 SF at 600 Fifth Ave
  • Buzzfeed leased 11,000 SF at 110 Fifth Avenue
  • Madison Chophouse leased 10,700 SF at 3 East 54th Street
  • Strictly Wood Furniture Co. leased 10,500 SF at 156 Fifth Ave
  • Bill's Bar & Burger leased 10,000 SF at 1250 Sixth Ave
  • Ben & Jack's leased 10,000 SF at 255 Fifth Ave
  • CVS Pharmacy leased 10,000 SF at 757 Third Ave
  • Michael Dawkins Home leased 10,000 SF at 232 East 59th St
$ / 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 724 Fifth Avenue. This trend is projected to continue. Opportunities for subleases remain available at 724 Fifth Avenue and in the nearby Plaza District neighborhood.
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724 Fifth Avenue nyc
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724 Fifth Avenue Property Overview

Building Address: 724 Fifth Ave, New York NY 10019
Building Name: Gallery Showroom Office Building
Building Alternate Address: 724 5th Ave
Zip Code:10019
Neighborhood:Plaza District
Borough:Manhattan
Stories:12
Year Built:1921
Building Class:B
Block & lot:01272-7502

724 Fifth Avenue in Manhattan, New York City, is a notable 12-story commercial building completed in 1923. The structure reaches a height of approximately 158 feet and contains over 58,300 square feet of office space combined with retail floors. Its location in the prestigious Plaza District places it between 56th and 57th Streets, an area known for luxury retail and high-profile tenants.

Since 1997, the Italian luxury fashion house Prada has occupied the building as its New York City flagship store. Prada's space encompasses multiple levels, including the ground, mezzanine, second, and lower levels, along with a boutique office floor. Over the years, Prada has been both tenant and, as of late 2023, owner, having purchased the building for $425 million to secure the long-term future of its flagship location.

The building was acquired in partnership by SL Green Realty Corp. and Jeff Sutton’s Wharton Properties in 2012. They jointly owned the 65,010 square foot property, which is a prestigious retail site amidst other landmark Fifth Avenue locations. In 2018, Sutton bought out SL Green’s stake, gaining full control before ultimately selling it to Prada.

Prada’s acquisition reflects the strategic importance of 724 Fifth Avenue, given the scarcity of premium retail real estate in Midtown Manhattan. The area around the building has witnessed significant investment in recent years, boosting its residential, hospitality, and retail appeal. The deal represents the highest per-square-foot sale on Fifth Avenue since the COVID-19 pandemic began, underscoring renewed confidence in the luxury retail market.

724 Fifth Avenue is a 12-story building located in the Plaza District of Manhattan, New York City. Completed in 1921, it offers over 62,648 square feet of space. The property is known for housing Prada's flagship store since 1997, which was confirmed when Prada purchased the building for $425 million to secure its retail space and benefit from Midtown's retail potential.

The building features 11 commercial units and is situated in a highly walkable area with a Walk Score of 99. It is part of the Central Midtown neighborhood and is known for its strategic retail location.

Recent developments include Prada's acquisition from Wharton Properties, previously owned by Jeff Sutton and SL Green Realty. This purchase not only cements Prada's long-term presence but also reflects the area's growing appeal due to significant investments in residential, hospitality, and retail sectors.

Lot details include a 5,000 square foot lot with a building class categorized as a Special Condominium Billing Lot (R0).


724 Fifth Avenue offers various amenities, catering to its office space tenants. Key features include:

  • Full Floors
  • Private bathrooms
  • Tenant-controlled HVAC
  • Access to public transportation via nearby bus lines and metro/subway

Office Tenants at 724 Fifth Ave, Manhattan, NYC

The 12-story building at 724 Fifth Avenue, Manhattan, has been anchored by Prada since 1997, which operates a five-story flagship retail store in the property. Prada recently purchased the entire building for $425 million, planning to use the upper floors for offices and storage. This move means Prada is both tenant and owner, securing its long-term presence at this prestigious location.

Prior to Prada's acquisition, the building was owned by Wharton Properties and its founder Jeff Sutton, with a history of leasing to luxury retail tenants. The building offers approximately 68,491 square feet of space, with typical floor sizes around 5,479 square feet, featuring private bathrooms and tenant-controlled HVAC.

No publicly available information lists additional current office tenants beyond Prada’s occupancy and ownership as of the latest data.


Internet Providers Available at 724 Fifth Ave, Manhattan, NYC

The following internet service providers offer coverage and service options in the area of 724 Fifth Avenue, Manhattan, NYC:

  • Verizon Fios - Fiber optic internet with speeds ranging from 85 Mbps up to 2.3 Gbps. Known for high speed, reliability, and good customer service. Plans start around $34.99 to $49.99 per month and offer bundling options with phone and TV.
  • Astound Broadband Powered by RCN - Cable and fiber internet with speeds up to 1.5 Gbps. Popular for affordable plans starting around $25 to $35 per month with unlimited data and no contracts.
  • Spectrum - Cable and fiber internet with speeds up to 1 Gbps. Widely available throughout Manhattan including Midtown, plans starting near $30 to $50 per month. Offers TV and phone bundles as well.
  • Optimum - Cable and fiber internet providing speeds up to 8 Gbps in NYC, with coverage in Manhattan and plans starting around $40 per month.
  • T-Mobile Home Internet - 5G internet service offering speeds between 87 Mbps and 415 Mbps, with plans starting around $35 to $50 per month.
  • Xfinity - Cable internet provider with speeds up to 2 Gbps, coverage in parts of Manhattan, and plans starting around $30 per month.
  • Starry Internet - Fixed wireless internet service available in Manhattan with speeds up to 1 Gbps, starting around $30 to $45 per month.

Other satellite and fixed wireless providers like HughesNet, Viasat, Starlink, and XNET WiFi have broader coverage citywide but likely serve as alternatives where fiber or cable may not be available.


Location and Cross Streets

724 Fifth Avenue is located in Midtown Manhattan, New York City, near the intersection of Fifth Avenue and 56th Street.

Transportation Options

Subway

The nearest subway stations include:

  • 5 Avenue–53 Street station (E, M lines), approximately a 3-minute walk
  • 57 Street station (N, Q, R, W lines)
  • 59 Street–Columbus Circle station (1, A, B, C, D lines)

Bus

Bus routes passing near 5th Avenue include:

  • M1
  • M116
  • M60-SBS
  • M102

Train

Regional train lines serving nearby Harlem–125th Street station and connecting with the Metro-North Railroad include Harlem, Hudson, New Haven, Danbury, and New Canaan lines.

Additional Information

This location benefits from extensive public transit connectivity, making it highly accessible via New York City's Metropolitan Transit Authority (MTA) network.


Retail Tenants Rented / Leased 724 Fifth Avenue
  • Prada leased 15,540 SF
Nearby Office Tenants Leased
  • TD Securities Inc leased 142,712 SF at 31 West 52nd St
  • Simons Foundation leased 136,182 SF at 162 Fifth Ave
  • WeWork leased 135,500 SF at 609 Fifth Avenue
  • Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
  • Grant Thornton LLP leased 130,357 SF at 757 Third Ave
  • Holland & Knight leased 130,296 SF at 900 Third Ave
  • CIT Group Inc. leased 130,000 SF at 505 Fifth Ave
  • First Republic Bank leased 130,000 SF at 10 Rockefeller Plaza
  • Alvarez & Marsal Holdings… leased 128,798 SF at 600 Madison Ave
  • Katten leased 125,000 SF at 50 Rockefeller Plaza

Nearby Retail Tenants Leased
  • Urbanspace leased 11,400 SF at 570 Lexington Avenue
  • Gap leased 11,000 SF at 126 Fifth Ave
  • Ann Taylor leased 11,000 SF at 600 Fifth Ave
  • Buzzfeed leased 11,000 SF at 110 Fifth Avenue
  • Madison Chophouse leased 10,700 SF at 3 East 54th Street
  • Strictly Wood Furniture Co. leased 10,500 SF at 156 Fifth Ave
  • Bill's Bar & Burger leased 10,000 SF at 1250 Sixth Ave
  • Ben & Jack's leased 10,000 SF at 255 Fifth Ave
  • CVS Pharmacy leased 10,000 SF at 757 Third Ave
  • Michael Dawkins Home leased 10,000 SF at 232 East 59th St
Retail Tenants Rented / Leased 724 Fifth Avenue
  • Prada leased 15,540 SF
Nearby Office Tenants Leased
  • TD Securities Inc leased 142,712 SF at 31 West 52nd St
  • Simons Foundation leased 136,182 SF at 162 Fifth Ave
  • WeWork leased 135,500 SF at 609 Fifth Avenue
  • Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
  • Grant Thornton LLP leased 130,357 SF at 757 Third Ave
  • Holland & Knight leased 130,296 SF at 900 Third Ave
  • CIT Group Inc. leased 130,000 SF at 505 Fifth Ave
  • First Republic Bank leased 130,000 SF at 10 Rockefeller Plaza
  • Alvarez & Marsal Holdings… leased 128,798 SF at 600 Madison Ave
  • Katten leased 125,000 SF at 50 Rockefeller Plaza
Nearby Retail Tenants Leased
  • Urbanspace leased 11,400 SF at 570 Lexington Avenue
  • Gap leased 11,000 SF at 126 Fifth Ave
  • Ann Taylor leased 11,000 SF at 600 Fifth Ave
  • Buzzfeed leased 11,000 SF at 110 Fifth Avenue
  • Madison Chophouse leased 10,700 SF at 3 East 54th Street
  • Strictly Wood Furniture Co. leased 10,500 SF at 156 Fifth Ave
  • Bill's Bar & Burger leased 10,000 SF at 1250 Sixth Ave
  • Ben & Jack's leased 10,000 SF at 255 Fifth Ave
  • CVS Pharmacy leased 10,000 SF at 757 Third Ave
  • Michael Dawkins Home leased 10,000 SF at 232 East 59th St

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
🤝
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.
🗂️
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?
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
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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Optimal Spaces negotiates tenant deals, typically securing 15-20% 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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