Rent Office Penn Plaza


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  • Direct Rent Office Penn Plaza Direct
  • Sublease Rent Office Penn Plaza Sublease
  • Coworking Rent Office Penn Plaza coworking

Rent Office Penn Plaza - Penn Station

Class Address SF Monthly Rent
Large Offices for Rent
B
Seventh Ave & West 35th Street
23,000
$ Negotiable
A
Tenth Ave & West 79th Street
12,000
$ Negotiable
C
W 36th Street & West 36th Street
11,800
$ Negotiable
B
Seventh Ave & Sixtenth Street
10,000
$ 40,800
A
Bryant Park & Avenue of America
7,400
$ 63,400
Medium Offices for Rent
C
W 30th Street & Broadway
6,800
$ Negotiable
B
Fifth Ave & East 31st Street
6,000
$ Negotiable
A
Hudson Blvd & West 34th Street
5,700
$ Negotiable
B
Tenth Ave & West 37th Street
4,500
$ 21,200
A
Broadway & West 41st Street
2,700
$ 12,000
Small Offices for Rent
C
W 37th Street & Eight Avenue
2,400
$ Negotiable
B
Avenue of the Americas & West 39th Street
2,300
$ 11,600
B
Eighth Ave & West 36th Street
1,800
$ Negotiable
A
1 Plz & West 33rd Street
1,700
$ Negotiable
Class Address SF Monthly Rent
Large Offices for Rent
A
W 33rd Street & Tenth Avenue
139,300
$ Negotiable
B
Penn Plaza & 7th Avenue
24,200
$ Negotiable
A
Bryant Park & 6th Avenue
14,000
$ 70,000
C
W 36th Street & Eight Avenue
14,000
$ Negotiable
Medium Offices for Rent
C
8th Avenue & West 38th Street
6,900
$ Negotiable
B
W 40th Street & Fifth Avenue
6,700
$ Negotiable
A
Broadway & West 39th Street
5,300
$ Negotiable
B
6th Avenue & Broadway
4,400
$ 17,200
C
W 36th Street & Avenue of the Americas
3,400
$ 12,600
Small Offices for Rent
B
Seventh Ave & West 38th Street
2,400
$ 9,200
B
Seventh Ave & Sixtenth Street
2,200
$ Negotiable
C
W 35th Street & Eighth Avenue
2,100
$ Negotiable
A
W 40th Street & Avenue of the Americas
2,000
$ Negotiable
C
Penn Plaza & West 30th Street
2,000
$ 7,600
Rent Coworking Office
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2041 $ 1250 $ 750
Interior office/person $ 1291 $ 750 $ 500
Team Rooms $ 10041 $ 8000 $ 5000
Suites $ 20041 $ 12000 $ 7000
Class Address SF Monthly Rent
Large Offices for Rent
A
Broadway & West 56th Street
26,700
$ Negotiable
B
W 57th Street & 10th Avenue
14,000
$ Negotiable
C
W 52nd Street & Ninth Avenue
8,800
$ Negotiable
Medium Offices for Rent
A
W 57th Street & Eighth Avenue
6,000
$ Negotiable
C
W 52nd Street & Ninth Avenue
4,200
$ 18,400
office Tenants Rented / Leased Penn Plaza

Penn Plaza Office Rent Average

Building Class Year $ / SF
A 2019 72.0
A 2020 87.0
A 2021 67.0
A 2022 124.0
A 2023 118.0
Building Class Year $ / SF
B 2019 56.0
B 2020 196.0
B 2021 44.0
B 2022 52.0
B 2023 57.0
Year $ / SF Building Class

Penn Plaza


Geographic Boundaries

Penn Plaza is located mostly in Midtown South Manhattan from 30th to 34th Streets from north to south and Seventh Avenue to Ninth Avenue from east to west. The Penn Plaza area is within the larger Penn Station area, which is centered on the transportation hub and Madison Square Garden.

Businesses and Retail

The area has a mix of commercial office towers, transit-oriented retail, and hospitality uses. Retail at the ground floor along Seventh Avenue and 34th Street is largely composed of fast-casual dining chains, convenience stores, and national retailers that cater to daily commuters. Fine-dining and sit-down restaurants are less concentrated here than in other neighborhoods, but nearby Koreatown (32nd Street between Fifth and Sixth Avenues) has more upscale Korean BBQ and specialty restaurants. The Penn 1 building has limited retail, mainly targeting office worker needs.

Historical Attractions

The history of Penn Plaza relates back to the original Pennsylvania Station (1910-1963), whose demolition was at the heart of constructing the current Madison Square Garden (1968) and underground transit complex. The controversial replacement helped establish the identity of that locale as a transit hub instead of an architecturally significant location. Just north of Penn Plaza, Greeley Square marks an homage to 19th-century newspaper editor, Horace Greeley, with a small park at 32nd Street and Broadway.

Architectural Profile

The neighborhood features late-20th century commercial high-rises dominated by:

  • One Penn Plaza (1972): story office tower with 2.5 million sq ft. The tower is particularly noted for its modernism in the rectangular shape of the tower.
  • Madison Square Garden: A spherical arena with a 20,000 seat capacity.
  • Penn Station: An underground transportation complex used by Amtrak, the LIRR, and NJ Transit.

Notable Buildings

Key structures include:

  • 15 Penn Plaza (proposed): 1,270-foot supertall office tower by Vornado Realty Trust
  • Hotel Pennsylvania (1919): Formerly one of the world's largest hotels, now slated for redevelopment
  • Two Penn Plaza: 29-story office building connected to transportation infrastructure

Transportation Network

The area contains:

  • Subway Lines: 1/2/3, A/C/E, B/D/F/M, N/Q/R/W at 34th St-Penn Station and 34th St-Herald Square
  • Regional Rail: Amtrak, LIRR, NJ Transit at Penn Station
  • Bus Routes: M34-SBS, M7, M20 along major avenues
  • PATH Station: 33rd Street terminal connecting to New Jersey

Postal Codes

Primary ZIP codes include:

  • 10119: Exclusive to One Penn Plaza
  • 10001: Covers most commercial properties east of Eighth Avenue
  • 10018: Applies to western portions near Ninth Avenue

Corporate Tenants

Major office occupants typically include:

  • Financial services: Insurance firms and regional bank branches
  • Legal firms: Mid-sized practices occupying upper floors
  • Transportation operators: Amtrak corporate offices near station facilities
  • Technology tenants: Software companies in recently renovated spaces

Buildings Offices in Penn Plaza

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