Rent Penn Plaza Retail

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We represent you, not the landlord

Map of Rent Penn Plaza Retail
  • Direct Rent Penn Plaza Retail Direct
  • Sublease Rent Penn Plaza Retail Sublease
  • Coworking Rent Penn Plaza Retail coworking

Rent Penn Plaza Retail

Class Address SF Monthly Rent
A
2 & West 31st Street
16,700
$ Negotiable
B
W 39th Street & Avenue of the Americas
12,400
$ Negotiable
B
Avenue of the Americas & West 31st Street
11,800
$ Negotiable
C
W 32nd Street & 5th Avenue
7,500
$ Negotiable
B
W 37th Street & Avenue of the Americas
6,200
$ 16,400
C
W 32nd Street & Broadway
4,500
$ 17,600
C
Broadway & West 40th Street
3,500
$ Negotiable
C
W 32nd Street & Ninth Avenue
2,100
$ 8,200
B
Avenue of the Americas & West 31st Street
1,800
$ Negotiable
B
W 33rd Street & Fifth Avenue
1,400
$ 5,000
B
Eighth Ave & Eighth Avenue
1,300
$ Negotiable
C
W 32nd Street & Ninth Avenue
1,200
$ 4,600
C
Fifth Ave & West 31st Street
700
$ 6,400
C
W 32nd Street & Ninth Avenue
500
$ 1,800
Class Address SF Monthly Rent
A
W 34th Street & Seventh Avenue
11,000
$ Negotiable
A
Fifth Ave & West 33rd Street
9,200
$ 24,000
A
Hudson Yards & 11th Avenue
2,800
$ Negotiable
A
Seventh Ave & West 37th Street
1,100
$ 3,800
Class Address SF Monthly Rent
C
W 28th Street & Barclay Street
6,500
$ Negotiable
B
W 24th Street & 6th Avenue
5,500
$ Negotiable
C
Avenue of the Americas & West 22nd Street
2,500
$ Negotiable
C
W 45th Street & Eleventh Avenue
1,800
$ 6,200
B
Broadway & West 30th Street
1,100
$ Negotiable
B
Seventh Ave & West 25th Street
900
$ Negotiable
Retail Tenants Rented / Leased Penn Plaza
🤝
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?
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.

Penn Plaza


Geographic Boundaries

Penn Plaza is located in Midtown Manhattan, spanning the area around Pennsylvania Station and Madison Square Garden. While the exact boundaries are fluid, it centers on the blocks between 7th and 8th Avenues from 31st to 34th Streets. The neighborhood overlaps with parts of Midtown South, which historically stretched from 9th Avenue to Madison Avenue between 30th and 34th Streets. One Penn Plaza itself sits between 33rd and 34th Streets west of Seventh Avenue.

Businesses, Retailers, and Restaurants

The Penn Plaza area functions as a commercial hub with ground-floor retail spaces in its office towers. One Penn Plaza previously housed a three-story Kmart until its 2020 closure, leaving large retail vacancies. Smaller retailers and food vendors cater to commuters and office workers. While many high-end restaurants cluster nearby in Koreatown or Herald Square, the immediate vicinity emphasizes fast-casual dining options. The underground concourses beneath Penn Station include national chains and coffee shops.

Historical Attractions

Pennsylvania Station’s legacy dominates the area’s history. The original Beaux-Arts station (1910-1963) was demolished to build Madison Square Garden and the current Penn Station. The Farley Post Office building, now partially converted to the Moynihan Train Hall, represents a preservation victory for classical architecture. Madison Square Garden (1968), the current iteration of the arena, remains a major sports and entertainment venue anchoring the district. The 1972-built One Penn Plaza symbolizes the postwar shift toward utilitarian office towers in the district.

Architectural Profile

Mid-20th century skyscrapers define the Penn Plaza skyline. One Penn Plaza (750 ft, 57 floors) features structural steel construction with grey solar glass and anodized aluminum cladding. Its innovative design placed mechanical rooms on the 12th-13th floors instead of the roof, accelerating construction. Buildings typically incorporate underground parking and direct pedestrian connections to transit facilities. The upcoming 15 Penn Plaza (Vornado Tower), planned as a supertall office building, will reshape the area’s architectural identity.

Transportation Infrastructure

Penn Station serves as the nation’s busiest transit hub, handling Amtrak, NJ Transit, Long Island Rail Road, and NYC Subway lines (A/C/E/1/2/3). 44 elevators in One Penn Plaza facilitate vertical circulation, while underground passageways link directly to transit concourses. Multiple bus routes stop along 7th and 8th Avenues, and Citi Bike stations surround the complex. Paratransit services and taxi stands operate at station entrances.

Zip Codes

One Penn Plaza holds ZIP code 10119, with adjacent buildings like 2 Penn Plaza using 10121. Surrounding areas fall under 10001 (Chelsea) to the south and west, 10016 (Murray Hill) to the northeast, and 10018 (Garment District) to the north. The Moynihan Train Hall shares the 10001 code with the main Penn Station complex.

Corporate Tenants

While specific tenants fluctuate, Penn Plaza office towers traditionally attract legal, financial, and media firms. One Penn Plaza’s upper floors house medium-to-large enterprises requiring proximity to transit. Vornado Realty Trust, developer of 15 Penn Plaza, exemplifies the real estate firms drawn to the area. Tech-adjacent companies increasingly occupy renovated spaces, though traditional industries remain predominant.

Urban Design Features

The district prioritizes pedestrian connectivity through underground concourses linking Penn Station to surrounding office towers. One Penn Plaza’s western plaza uses steam jets in winter and fog systems in summer instead of traditional fountains to minimize wind-driven water spray. Street-level design emphasizes high-volume foot traffic management, with wide sidewalks and minimal green space except for pocket plazas.


Retail Buildings in Penn Plaza

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