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Rent Retail PENN STATION

$ / SF SF Monthly Rent

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 50
11,700
$ 48,750
Penn Plaza & West 33rd Street $ 42
29,000
$ 101,500
Bryant Park & 6th Avenue $ 60
14,000
$ 70,583
Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 55
3,200
$ 14,666
Broadway & West 41st Street $ 56
4,700
$ 21,737
Fifth Ave & West 33rd Street $ 70
4,300
$ 25,262
Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 55
2,200
$ 10,083
Address $ / SF SF Monthly Rent
W 37th St & 6th Avenue $ 33
11,400
$ 31,350
W 37th St & Avenue of America $ 35
10,200
$ 29,750
Broadway & West 37th Street $ 42
11,100
$ 38,850
Seventh Ave & West 38th Street $ 38
7,700
$ 24,383
W 40th St & Between West 39th Street $ 38
15,100
$ 47,816
Address $ / SF SF Monthly Rent
Seventh Ave & West 38th Street $ 47
4,200
$ 16,450
W 37th St & 6th Avenue $ 35
3,500
$ 10,208
W 40th St & Eighth Avenue $ 41
2,600
$ 8,883
Address $ / SF SF Monthly Rent
Tenth Ave & West 37th Street $ 46
2,200
$ 8,341
Seventh Ave & West 38th Street $ 45
2,400
$ 9,000
Penn Plaza & Eighth Avenue $ 40
1,800
$ 6,000
Fifth Ave & East 35th Street $ 40
2,100
$ 7,000
W 36th St & Between 8th Avenue $ 37
1,600
$ 4,933
Address $ / SF SF Monthly Rent
W 35th St & Between West 35th Street $ 33
7,500
$ 20,625
W 37th St & Seventh Avenue $ 30
7,300
$ 18,250
W 30th St & Between West 30th Street $ 30
7,100
$ 17,750
W 36th St & Eight Avenue $ 33
7,800
$ 21,450
Address $ / SF SF Monthly Rent
Penn Plaza & West 30th Street $ 48
2,500
$ 9,895
W 38th St & Eighth Avenue $ 35
4,400
$ 12,833
W 35th St & Between West 35th Street $ 35
5,300
$ 15,458
W 37th St & Seventh Avenue $ 30
6,800
$ 17,000
W 36th St & Eighth Avenue $ 49
3,700
$ 15,108
W 37th St & Ninth Avenue $ 40
4,500
$ 15,000
W 37th St & Eight Avenue $ 40
3,400
$ 11,333
W 36th St & Avenue of the Americas $ 45
3,400
$ 12,750
W 30th St & Between West 30th Street $ 32
5,000
$ 13,541
Broadway & West 32nd Street $ 46
3,500
$ 13,498
Address $ / SF SF Monthly Rent
Penn Plaza & West 30th Street $ 46
2,000
$ 7,666
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2100 $ 3071 $ 775
Interior office/person $ 1350 $ 2571 $ 525
Team Rooms $ 10100 $ 9821 $ 5025
Suites $ 20100 $ 13821 $ 7025

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 71
13,200
$ 78,100
Fifth Ave & West 38th Street $ 57
17,600
$ 83,600
Broadway & West 39th Street $ 59
10,900
$ 53,591
1 Plz & West 33rd Street $ 105
19,100
$ 167,125
W 40th St & Avenue of Americas $ 74
8,500
$ 52,416
Address $ / SF SF Monthly Rent
Broadway & West 37th Street $ 66
5,500
$ 30,479
W 38th St & Avenue of the Americas $ 58
3,500
$ 16,916
Broadway & West 41st Street $ 68
6,800
$ 38,250
Broadway & West 36th Street $ 68
4,600
$ 25,875
2 & West 31st Street $ 142
5,300
$ 62,937
Fifth Ave & West 38th Street $ 63
3,800
$ 19,950
1 Plz & West 33rd Street $ 105
3,200
$ 28,000
Address $ / SF SF Monthly Rent
Broadway & West 37th Street $ 66
2,300
$ 12,745
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Address $ / SF SF Monthly Rent
Eighth Ave & West 36th Street $ 41
7,500
$ 25,625
W 39th St & Eighth Avenue $ 40
7,700
$ 25,987
W 33rd St & Fifth Avenue $ 41
7,100
$ 24,258
Eighth Ave & West 35th Street $ 39
7,100
$ 23,075
Eighth Ave & W 35th Street $ 40
8,000
$ 27,000
W 37th St & Avenue of America $ 47
8,600
$ 33,683
Tenth Ave & West 37th Street $ 50
7,900
$ 32,916
W 36th St & 6th Avenue $ 46
9,600
$ 36,800
Broadway & West 38th Street $ 54
9,500
$ 42,750
Seventh Ave & West 37th Street $ 56
10,300
$ 48,495
Address $ / SF SF Monthly Rent
Seventh Ave & West 38th Street $ 52
3,100
$ 13,433
W 35th St & Avenue of America $ 29
4,400
$ 10,633
Eighth Ave & West 36th Street $ 38
4,700
$ 14,883
Address $ / SF SF Monthly Rent
Eighth Ave & West 36th Street $ 41
2,200
$ 7,516
W 39th St & Ninth Avenue $ 39
1,800
$ 5,850
W 38th St & Between West 37th Street $ 35
2,200
$ 6,416
Eighth Ave & West 35th Street $ 35
1,700
$ 4,958
Tenth Ave & West 37th Street $ 44
2,200
$ 8,066
W 40th St & Eighth Avenue $ 46
1,900
$ 7,362
Broadway & West 38th Street $ 51
1,900
$ 8,075
7th Ave & Between 7th Avenue $ 56
1,600
$ 7,466
Avenue of the Americas & West 39th Street $ 61
2,300
$ 11,691
Avenue of the Americas & West 31st Street $ 78
2,400
$ 15,600
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 41
8,800
$ 30,066
W 39th St & Eighth Avenue $ 36
9,200
$ 27,983
Eighth Ave & West 36th Street $ 42
16,000
$ 56,666
W 35th St & Seventh Avenue $ 35
7,600
$ 22,166
W 35th St & Between West 35th Street $ 34
7,300
$ 20,683
Eighth Ave & West 39th Street $ 42
11,400
$ 39,425
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 40
3,900
$ 13,000
W 35th St & Eighth Avenue $ 36
3,300
$ 9,762
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 38th St & Between West 37th Street $ 41
2,700
$ 9,225
Eighth Ave & West 36th Street $ 42
5,800
$ 20,541
W 32nd St & Ninth Avenue $ 51
2,800
$ 11,900
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 34
2,300
$ 6,612
W 38th St & Eight Avenue $ 36
2,100
$ 6,380
W 39th St & Eighth Avenue $ 38
1,600
$ 5,133
Eighth Ave & West 36th Street $ 38
1,600
$ 5,066
W 32nd St & Ninth Avenue $ 49
1,800
$ 7,350
W 35th St & Between West 35th Street $ 36
2,100
$ 6,212
W 37th St & Ninth Avenue $ 37
1,900
$ 5,920

Retail Spaces for Rent at PENN STATION

Rent Retail PENN STATION

$ / SF SF Monthly Rent
Negotiable
1,900
Negotiable

Rent Medical Space at PENN STATION

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

Building Address: PENN STATION, New York NY 10119
Zip Code:10119
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:0
Year Built:1972
Building Class:B

Penn Station, Manhattan, NYC: History of the Building

New York Penn Station, originally known as Pennsylvania Station, was an iconic railroad terminal in Manhattan designed by the renowned architectural firm McKim, Mead, and White. Completed in 1910, it was celebrated as a masterpiece of Beaux-Arts architecture and engineered as one of the great public spaces in New York City. The station enabled direct rail access from the south for the first time, connecting New York to a vast rail network extending west and south through the Pennsylvania Railroad (PRR).

The station occupied an 8-acre site bounded by Seventh and Eighth Avenues and 31st to 33rd Streets in Midtown Manhattan. Its grand above-ground head house and train shed featured monumental classical design elements, including a majestic General Waiting Room inspired by Ancient Roman architecture, spacious concourses with large skylights, and distinct waiting areas that distinguished arriving and departing passengers.

Planning for the station began in the early 20th century to solve the challenge that until then passengers had to transfer by ferry across the Hudson River to reach Manhattan. The development of electric locomotives made tunneling under the Hudson River feasible, leading to the construction of the North River Tunnels from Jersey City into Manhattan and the East River Tunnels linking Queens. The tunnels were completed by 1908, with the station fully opening on November 27, 1910.

For over fifty years, Penn Station served as a major hub for the Pennsylvania Railroad and other railroads, facilitating intercity and commuter travel to destinations including Chicago, St. Louis, and points south, as well as Long Island. It played a crucial role in expanding New York City's reach to surrounding suburbs and was among the busiest transportation facilities in the nation, with over 100 million passengers annually at its peak in the mid-20th century.

Following World War II, passenger rail traffic sharply declined due to the rise of automobiles and air travel. By the 1950s, maintaining the grand terminal became financially unsustainable for the railroad. In 1961, the Pennsylvania Railroad sold the station’s air rights, leading to the demolition of the above-ground head house and train shed between 1963 and 1966. This destruction of the architectural landmark provoked public outcry and helped spur the modern historic preservation movement in the United States, including the establishment of the New York City Landmarks Preservation Commission in 1965.

The station’s underground platforms and concourses survived and were heavily renovated to form the smaller, modern Penn Station that exists today beneath Madison Square Garden and Pennsylvania Plaza. In the 2020s, Penn Station saw substantial expansion with the opening of the Moynihan Train Hall in the adjacent Farley Post Office building, enhancing passenger experience and capacity.

Penn Station, located in Midtown Manhattan, New York City, is one of the busiest transportation hubs in the world. Its addresses include:

  • 7th Avenue and 32nd Street, Manhattan, NY 10001
  • 33rd Street and 7th Avenue, directly across from Madison Square Garden
  • 393 7th Avenue, New York, NY 10001
  • 390 7th Avenue for NJ Transit services

Moynihan Train Hall, an expansion of Penn Station, is situated at the James A. Farley Post Office Building on 8th Avenue.


PENN 1 - Building Amenities

PENN 1 is a Class-A, 55-story office tower in Manhattan with over 2.5 million square feet of space, featuring breathtaking 360-degree city views and direct access to Penn Station and Moynihan Train Hall.

  • Indoor Facilities:
    • Seven indoor dedicated pickleball courts for open play, lessons, and leagues
    • Dedicated spaces for Alpha and GTX group training programs
    • Life Time Gym with state-of-the-art equipment
    • Multiple tenant lounges for socializing and working
    • The Landing: full-service restaurant with private dining rooms
  • Security:
    • 24/7 security with turnstiles and card key access
  • Elevators:
    • 44 passenger elevators
    • 2 freight elevators
  • Building Features:
    • LEED Gold Certification with ENERGY STAR label and Fitwel 2.1 (MTBB) 2 Stars
    • BOMA 360 Certified
    • Ceiling heights ranging from 12' to over 15'
    • Floor loads rated at 50 lbs per square foot
    • Backup generator for emergency lighting and fire safety systems
    • Loading dock on 33rd Street
  • Operating Hours for Gym and Amenities:
    • Monday-Friday: 5:00 AM - 11:00 PM
    • Saturday-Sunday: 6:00 AM - 10:00 PM
  • Telecommunications:
    • Access to Verizon, Cogent, MCI/Verizon Business, TW Telecom, Con Ed, AT&T, TWC, Direct TV, Light Tower, Pilot Fiber, and others

Moynihan Train Hall Amenities

Moynihan Train Hall, adjacent to Penn Station, is a modern, iconic transit hub featuring:

  • World-class passenger amenities with a 92-foot-high skylight providing natural light
  • Free WiFi throughout the facility
  • High-tech passenger services enhancing the travel experience
  • A museum-quality public art program
  • A wide range of shopping and dining options including coffee shops, bakeries, pizzerias, and restaurants
  • Accessibility features supporting all passengers

Penn Station Manhattan NYC Office Tenants

The Penn Station area in Manhattan hosts a variety of prominent office tenants occupying major buildings such as Penn 1 and 5 Penn Plaza, which are notable for their size, amenities, and prime location with direct access to Penn Station transit hubs.

Penn 1 Tenants

  • Canaccord
  • Cisco Systems
  • Citigroup
  • Dell
  • Empire Health
  • Fortinet
  • Gusto
  • Hartford Insurance
  • Jacobs Engineering
  • Samsung
  • United Healthcare
  • Wells Fargo

5 Penn Plaza Tenants

  • Regus
  • Puma
  • SiriusXM

Other Notable Occupants Near Penn Station

A renovated Manhattan office building near Penn Station has recently attracted new tenants, including nonprofit organizations such as the NY E-Health Collaborative, reflecting ongoing tenant activity in the area’s office market.


Internet Providers at Penn Station, Manhattan, NYC

Penn Station, located in Midtown Manhattan, NYC, is served by several major internet providers known for their high-speed and reliable services suitable for residential and commercial needs in the area.

Verizon Fios

Verizon Fios offers fiber-optic internet with speeds starting at 300 Mbps and reaching up to 2 Gbps. Fios is noted for its high reliability with 99.9% network uptime and excellent customer service. Plans can be bundled with phone and TV services, starting around $49.99 per month with auto-pay discounts. Verizon Fios coverage includes most of Manhattan, including Midtown where Penn Station is located.

Astound Broadband (formerly RCN)

Astound Broadband provides cable and fiber internet services with speeds up to 1.5 Gbps. Known for competitive pricing, Astound offers unlimited data usage and advanced whole-home WiFi powered by eero mesh technology for extended coverage and reliable connectivity. Their fiber-powered network is available in much of Manhattan, including the Penn Station area, with plans starting as low as $35 per month.

Spectrum

Spectrum is widely available across Manhattan, offering cable and fiber internet plans with speeds up to 1 Gbps. Pricing starts at around $30 per month. Spectrum is known for offering affordable plans with no contracts, multi-year price guarantees, and convenient self-install options. Their network coverage includes Midtown Manhattan and Penn Station’s vicinity.

Earthlink

Earthlink provides internet service with speeds up to 1 Gbps and full unlimited data. It is available 100% in Manhattan, including Penn Station, offering features like free virus and spam protection and affordable modem rental.

T-Mobile Home Internet

T-Mobile offers 5G home internet service in Manhattan with speeds up to 245 Mbps and coverage around 80% of the borough. It provides a no-contract service with a $300 prepaid Mastercard promotion for new customers.

Starlink

Starlink satellite internet is available in about 99% of Manhattan, including Penn Station. It offers speeds up to 220 Mbps with flexible plans suitable for home and remote users, though it is satellite-based rather than wired fiber or cable.


Penn Station, Manhattan, NYC

Location: 33rd Street & 7th Avenue, Manhattan, New York, NY 10001

Transportation Options

Subway Lines: 2, 3, A, C, E, M, R trains serve Penn Station. The station provides easy access to multiple subway lines with frequent service.

Bus Routes Nearby: M34-SBS, M7, M20, Q32, 108, BXM4, QM24 among others have stops within a short walk of Penn Station.

Train Services:

  • Amtrak: National and regional rail connections including Northeast Corridor routes to Boston, Washington DC, and beyond.
  • Long Island Rail Road (LIRR): Commuter rail service into Long Island with a dedicated concourse and Moynihan Train Hall.
  • NJ Transit: Commuter trains to and from New Jersey with multiple daily departures.
  • PATH: Rapid transit to New Jersey.

Station Features

  • Accessible station with elevators and tactile warning strips.
  • Customer service ticket offices open daily.
  • Waiting areas in Long Island Rail Road concourse (24-hour) and Moynihan Train Hall (5 a.m. to 1 a.m.).
  • Ticket vending machines throughout the station and Moynihan Train Hall.
  • Lost & Found office located between Tracks 16 and 17.

Cross Streets

Penn Station is located beneath 7th Avenue between West 31st Street and West 33rd Street, with primary entrances around West 34th Street near 7th Avenue and 8th Avenue.

Nearby Landmarks

  • Madison Square Garden
  • Macy’s Herald Square

Innisfree Mergers and Acquisitions Testimonial

Innisfree Mergers and Acquisitions 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.
🗂️
Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
🐷
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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