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coworkingWe understand that securing the right location for your school is a critical and time-consuming process. Today, exceptional school locations are available at competitive prices, and we are here to ensure you get the best possible terms.
Why work with us?
- Tenant-Focused Representation: We act exclusively as a “Tenant Broker,” meaning our loyalty is to you, not the landlord.
- Significant Savings: We typically save our clients 15–25% on total lease obligations and reduce their time commitment by 100–200 hours.
- No-Fee Service: Our services are provided at no fee to clients renting space.
We have a proven track record working with a diverse range of educational institutions, including:
- Preschools and play spaces
- ESL schools
- Charter schools, including independent schools and national networks
You can view our client list and testimonials at Optimal Spaces Educational Space Testimonials .
We would appreciate the opportunity to discuss your specific space needs.
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Why Optimal Spaces –
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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”)
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Penn Plaza
Penn Plaza in New York City is a vibrant commercial and entertainment hub located in the heart of Manhattan. It is situated west of Seventh Avenue, between 33rd and 34th Streets, and is adjacent to major landmarks like Pennsylvania Station and Madison Square Garden. The area is known for its bustling atmosphere, diverse businesses, and easy access to transportation.
Geographic Boundaries
Penn Plaza is nestled in the Midtown Manhattan neighborhood, which is a central business district in New York City. The immediate area is bounded by the Hudson River to the west, Eighth Avenue to the east, and extends between 30th and 36th Streets. This strategic location provides excellent views of the Hudson River for many of its south, west, and north-facing tenants.
Description of Businesses, Stores, and Restaurants
The Penn Plaza neighborhood is home to a diverse array of businesses, stores, and restaurants. The area hosts several major office buildings, including One Penn Plaza and Seven Penn Plaza. One Penn Plaza is a prominent skyscraper with 57 floors, featuring a mix of office spaces and retail areas. It was once home to a three-story Kmart store and previously a Woolworth store. The building's retail space is approximately 142,000 square feet, offering a variety of commercial opportunities.
Seven Penn Plaza, located at 370 Seventh Avenue, is another notable building in the area. Built in 1921, it is an 18-story office building with 357,000 square feet of space. It is admired for its elegant design and convenient access to major transportation hubs, including Pennsylvania Station and various subway lines. The building is occupied by several financial and computer industry companies.
The neighborhood also features a number of fine restaurants and retailers. The area is close to Herald Square, a dynamic shopping destination known for its department stores and bustling atmosphere. Additionally, the proximity to Madison Square Garden and The Paramount Theatre makes it a popular spot for entertainment seekers.
History of Major Attractions in NYC
Penn Plaza is surrounded by some of New York City's most iconic attractions. Pennsylvania Station, one of the largest transportation hubs in the world, offers easy access to the Long Island Rail Road, New Jersey Transit, Amtrak, and MTA Subway lines. The station has undergone several transformations since its opening in 1910, with the current version being a modern facility that caters to millions of commuters daily.
Madison Square Garden, known as "The World's Most Famous Arena," is another major attraction in the area. It hosts numerous events throughout the year, including sports games, concerts, and award shows. The arena has been renovated several times since its opening in 1879, with the current version being a state-of-the-art facility.
Types of Buildings
The Penn Plaza area is characterized by a mix of modern and historic buildings. One Penn Plaza, completed in 1972, is a notable example of modern skyscraper design, standing at 750 feet with three setbacks. Seven Penn Plaza, on the other hand, is a historic building from 1921, offering a glimpse into the architectural styles of the past.
Other Significant Buildings in the Area
Beyond One and Seven Penn Plaza, the area is home to several other significant buildings. The Empire State Building, although not directly in the Penn Plaza neighborhood, is nearby and remains a symbol of New York City's architectural prowess. The area also features numerous office buildings that serve as headquarters for various companies, including hedge fund offices.
Transportation Options
Penn Plaza is exceptionally well-connected to the rest of New York City and beyond. The neighborhood is served by two major subway stations: 34th Street–Herald Square and 34th Street–Penn Station. These stations provide access to multiple subway lines, including the A, C, E, 1, 2, and 3 trains. Additionally, Pennsylvania Station is a major transportation hub for regional and national travel.
Zip Codes Adjacent to the Neighborhood
The Penn Plaza neighborhood is primarily located in the 10001 zip code. However, the surrounding area includes other zip codes such as 10018 and 10019.
Prominent Companies and Business Types
The Penn Plaza area is home to a variety of prominent companies across different industries. The neighborhood is particularly known for hosting offices of financial and technology companies. Hedge fund offices are also prevalent in the area, taking advantage of the convenient access to major transportation hubs and the proximity to other financial centers in Manhattan.
Other business types include retail and hospitality. The area's proximity to major attractions like Madison Square Garden and the shopping districts around Herald Square make it an ideal location for hotels and restaurants catering to tourists and locals alike.
In conclusion, Penn Plaza is a vibrant and dynamic area of New York City, offering a blend of modern and historic architecture, diverse businesses, and unparalleled access to transportation. Its strategic location makes it a hub for both commercial and entertainment activities, contributing to its status as a premier destination in Manhattan.
