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Rent Penn Plaza Medical

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We represent you, not the landlord

Map of Rent Penn Plaza Medical
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Penn Plaza Medical Office Listings

Class Address SF Monthly Rent
Large Medical Offices for Rent
B 10,500
$ Negotiable
C 6,000
$ 15,000
B 5,700
$ Negotiable
C 5,100
$ Negotiable
Small Medical Offices for Rent
C 1,500
$ Negotiable
B 1,300
$ Negotiable
C 1,200
$ Negotiable
Class Address SF Monthly Rent
Large Medical Offices for Rent
B
E 23rd Street & Park Avenue
Gramercy Park · Floor 10 (full)
5,000
$ 16,600
B
E 32nd Street & Lexington Avenue
Murray Hill · Floor 11 (full)
5,000
$ 18,600
Medium Medical Offices for Rent
B
E 48th Street & Madison Avenue
Plaza District · Floor 12 (full)
3,800
$ Negotiable
B
W 57th Street & Avenue of the Americas
Columbus Circle · Floor 3
3,100
$ 15,200
C
W 57th Street & Seventh Avenue
Columbus Circle · Floor 4
3,000
$ Negotiable
B
E 32nd Street & Lexington Avenue
Murray Hill · Floor 11 (full)
3,000
$ 11,200
Small Medical Offices for Rent
B
W 57th Street & Avenue of the Americas
Plaza District · Floor 20 (full)
2,400
$ Negotiable
B
E 60th Street & Madison Avenue
Plaza District · Floor 17
1,900
$ Negotiable
B
W 46th Street & Fifth Avenue
Times Square · Floor 8
1,200
$ 5,400
B
Park Ave & East 36th Street
Murray Hill · Floor 1
1,000
$ 5,400

Excellent opportunities for medical space still exist if you know where to look. Optimal Spaces has a proven track record of securing these spaces for our clients on the best possible terms.

We are dedicated tenant brokers, meaning we exclusively represent your interests, never the landlord’s.

Why choose Optimal Spaces?

  • Significant Savings: We typically save clients 10–15% compared with what they could negotiate on their own.
  • Time Efficiency: We eliminate 100–200 hours of blind, unnecessary research for you.
  • No Conflict of Interest: We represent only you, not the landlord.

Optimal Spaces consistently delivers exceptional spaces and advantageous deals for our clients. See their success: New York Medical Office Testimonials .

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

About Penn Plaza

Penn Plaza, NYC: A Hub of Activity and Commerce

Geographic Boundaries

Penn Plaza is located in the heart of Midtown Manhattan, situated between 33rd Street and 34th Street, west of Seventh Avenue. It is part of the broader Midtown South neighborhood, which spans from 9th Avenue to Madison Avenue, between 30th and 34th Streets. This strategic location makes Penn Plaza a central point for business, entertainment, and transportation in New York City.

Description of Businesses, Stores, Retailers, and Fine Restaurants

Penn Plaza is a vibrant area with a mix of office buildings, retail stores, and dining establishments. The neighborhood is home to numerous fast-food chains, cafes, and restaurants catering to the diverse tastes of locals and visitors. Some of the notable spots include eateries near Madison Square Garden, offering a variety of cuisines from traditional American fare to international flavors. The area surrounding Penn Station and Madison Square Garden is bustling with activity, featuring a range of stores and services. From convenience stores to souvenir shops, there are plenty of options for shopping. Additionally, the proximity to major transportation hubs attracts a variety of businesses catering to commuters and travelers.

History of Major Attractions in Penn Plaza NYC

One of the most iconic attractions in the Penn Plaza area is Madison Square Garden (MSG), known as "The World's Most Famous Arena." MSG has been a hub for sports and entertainment since its opening in 1968. It hosts numerous events, including concerts, boxing matches, and basketball and hockey games for teams like the New York Knicks and New York Rangers. Another significant landmark is Pennsylvania Station, a major transportation hub connecting New York City to the rest of the country. While the original Penn Station was demolished in the 1960s, the current station is a major transit point for commuters and travelers. The area has a rich history, with the old Penn Station being a symbol of architectural grandeur before its demolition. The current Pennsylvania Plaza complex, which includes One Penn Plaza, was developed to replace the old station and integrate it with the surrounding buildings.

Types of Buildings and Other Significant Buildings in the Area

One Penn Plaza, also known as Penn 1, is a prominent skyscraper in the area. Completed in 1972, it stands at 751 feet (229 meters) with 57 floors, serving as a commercial and office space. The building is part of the Pennsylvania Plaza complex, which includes other office buildings, hotels, and entertainment facilities. Another notable project in the area is 15 Penn Plaza (PENN15), a proposed supertall office tower planned by Vornado Realty Trust. It is expected to be 1,270 feet (390 meters) tall, with 61 floors and 2,050,000 square feet of floor space. However, construction timelines are dependent on market conditions.

Transportation Options

Penn Plaza is extremely accessible due to its proximity to major transportation hubs: - Pennsylvania Station (Penn Station): A major railroad station serving as a terminus for Amtrak, New Jersey Transit, and Long Island Rail Road trains. - 34th Street–Penn Station Subway: Offers access to the 1, 2, and 3 trains. - 34th Street–Herald Square Subway: Provides access to the B, D, F, M, N, Q, R, W trains. - PATH Train: Connects New York City to New Jersey with a stop at the 33rd Street terminal. These transportation options make Penn Plaza an ideal location for businesses and travelers alike.

Adjacent Zip Codes

Penn Plaza is assigned its own ZIP Code, 10119. Adjacent ZIP Codes include 10001, covering parts of Midtown South and surrounding areas.

Prominent Companies with Offices in Penn Plaza

Several prominent companies have offices in and around Penn Plaza. These include: - Vornado Realty Trust: The owner of One Penn Plaza and the developer of the proposed 15 Penn Plaza. - Various Media and Entertainment Companies: Due to its proximity to Madison Square Garden and major transportation hubs, Penn Plaza attracts a variety of media, entertainment, and sports-related businesses. The area is a hub for diverse businesses, including media, technology, and financial services, benefiting from its central location and accessibility.

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