Located at the southwest corner of Central Park, the Manhattan neighborhood of Columbus Circle spans a handful of blocks surrounding the traffic circle by the same name. A monument of Christopher Columbus stands at the center of the traffic circle, inspiring the name. Columbus Circle functions as the geographic center of New York City and is a heavily trafficked area that has undergone multiple renovations throughout the years to improve traffic around the circle. The circle has been around for so long that it was originally envisioned to accommodate horses.
Columbus Circle’s most recent renovation took place between 2003 and 2005. It involved the installation of a new water fountain as well as the addition of plenty of benches and greenery. Columbus Circle is a desirable Midtown West location near Central Park, the Upper West Side, Rockefeller Center, and Times Square at below-average Midtown prices.
Many banks, business management consultants, real estate consultants, publishers, retailers, and stockbrokers operate in Columbus Circle.
What Our Brokers Say About Columbus Circle Space for Lease
Time Warner Center anchors Columbus Circle on the west side. In addition to the corporate headquarters of Time Warner, CNN’s NYC headquarters and Related Companies, the largest private real estate developer currently developing Hudson Yards, both lease office space in Time Warner Center. The ground floors house the Shops at Columbus Circle mall and a Whole Foods. The Shops at Columbus Circle is home to major retailers such as Amazon Books, MAC Cosmetics, Swarovski, Williams-Sonoma, and Coach.
Other notable companies leasing office space in Columbus Circle include Hearst Media (which occupies Hearst Tower), Penguin Random House, PDT Partners, Young & Rubicam, Rhodium Group, and Red Fuse Communications.
Emerge212 has a location at 3 Columbus Circle, providing office space for a variety of new and established businesses in the 29-story Class A building. Bank of America, Chase Bank, and Young & Rubicam work at 3 Columbus Circle as well.
Separating the neighborhood into its five sections defined by the streets that protrude from its center helps show all Columbus Circle has to offer.
West: A two-street area west of the Circle houses Time Warner Center, which serves as the headquarters for Time Warner corporation. It consists of two 750-foot towers, each 53 stories high. The Shops at Columbus Circle mall, Jazz at Lincoln Center, and the NYC studio headquarters of CNN operate here as well.
North: On the north side of Columbus Circle rests the Trump International Hotel and Tower, which is a mixed-use building with both hotel rooms and condominium units.
Northeast: The Merchant’s Gate to Central Park is on the northeast side of Columbus Circle. Passersby can view the USS Maine National Monument.
South: The Museum of Arts and Design stands on the south side of Columbus Circle after being destroyed and renovated several times.
Columbus Circle is well known for its inclusion of famous structures like the aforementioned Trump International Hotel and Time Warner Center and for the internationally recognized companies that operate in the area. However, the neighborhood isn’t all business. Those working in Columbus Circle will have plenty of places to find coffee, work out, and eat lunch. Columbus Circle won’t leave coffee lovers without their daily caffeine fix; Yelp recommends Bouchon Bakery & Cafe, Bibble & Sip, and Paris Baguette. Get some exercise at Equinox Columbus Circle or EVF CrossFit Columbus Circle. Office workers in Columbus Circle are never more than a ten-minute walk to Central Park, which provides an ideal outdoor location for a lunch break. TurnStyle Underground Market spans a full city block beneath 57th and 59th Streets and has nearly 40 local eateries to grab a bite, along with a variety of other food vendors, retail shops, and kiosks. Other convenient and popular spots in Columbus Circle include Bareburger, Le Pain Quotidien, Patsy’s Italian Restaurant, Guantanamera, Kashkaval Garden, and Burrito Box.
Columbus Circle Commercial Space For Lease | By the numbers
|Office Space for Rent||Price per square foot|
Columbus Circle Office Space | Lease Data & Trends
Columbus Circle has approximately 24.3 million square feet of total inventory, and currently, almost 6 percent of that office space is open and available to new tenants. As of Q1 of 2019, developers were working on adding 90,000 square feet of inventory to the neighborhood. Columbus Circle office space costs an average of $71.75 per square foot to rent, making it the cheapest neighborhood in Midtown Manhattan. The Midtown Manhattan average rental rate is just over $86 per square foot, and the NYC average is just over $81 per square foot.
Most Columbus Circle office space is considered Class A and costs around $73 per square foot to rent. Currently, 5 percent of these locations are available to new renters. A few Class B locations are available and cost just under $70 per square foot to rent. Just over 8 percent of Class B office space is vacant in Columbus Circle.
Getting Around: Transportation in Columbus Circle
Columbus Circle’s role as the center of NYC makes it a prime location for business considering it provides access to every part of the city. Live, work, play, and eat here and enjoy all the amenities and opportunities of the rest of NYC as well.
Columbus Circle is a Manhattan neighborhood comprised of a traffic circle at the intersection of Eighth Avenue, Broadway, Central Park South (West 59th Street), and Central Park West. Nearby neighborhoods include the Theater District, the Upper West Side, and Hell’s Kitchen.
Although Columbus Circle is centered around a traffic circle, driving in the area is not a popular option due to heavy traffic. If you must drive, Columbus Circle does offer some parking. However, commuting by foot, bus, or subway are the preferred methods of transportation.
The Columbus Circle—59th Street subway station, the eighth busiest station in NYC, is located underneath Columbus Circle. The station provides access to the 1, A, D, trains at all times; the C train all the time except late at night; the B train only on weekdays, and the 2 train during late nights only. Bus lines serving the neighborhood include M5, M7, M10, M20, and M104.
The closest airports to Columbus Circle are New York La Guardia (LGA), Newark (EWR), and New York (JFK).
Top Commercial Properties For Lease In Columbus Circle
Our brokers recommend the following three properties as particularly excellent places to rent office space in Columbus Circle: 152 West 57th Street, 820 7th Avenue, and 135 West 50th Street. Contact our brokers for information about these and other top properties in Columbus Circle.
– 152 West 57th Street: Carnegie Hall Tower is an office building that overlooks Central Park South, the Hudson River, and the NYC skyline at 152 West 57th Street. Constructed in 1991, this 60-story tower is one of four buildings in close proximity to one another. The other three are CitySpire Center, Metropolitan Tower, and One57. Currently, Carnegie Hall Tower has a lot of availability. Nineteen units ranging from 1,840 to 19,282 square feet in size are open to new tenants. Contact us to learn more about the variety of prices for these spaces or to get a tour of the property. Carnegie Hall Tower has high-speed elevators, 24/7 concierge/manned security, and web-enabled guest registry. Earlier this year, condominium developer Naftali Group leased space at 152 West 57th Street. Easily access this property via MTA Lines 1, A, C, E, B, D, F, N, Q, R, or W. For lunch, visit the famous Halal Guys—the most popular Halal food cart in the city.
– 820 7th Avenue: 820 7th Avenue is a 49-story office building located at the corner of 7th Avenue and West 53rd Street. Currently, it has five units available for rent ranging from 5,970 to 22,437 square feet in size. Contact us for pricing or a tour. 820 7th Avenue has a Walk Score of 95 and plenty of nearby public transportation. Access this property via trains B, D, E, N, R, Q, W, or 1. Several cafes and pubs lie within .1 mile of the building.
– 135 West 50th Street: Built in 1963, 135 West 50th Street is a 23-story, 52-unit office building in Midtown Manhattan. Also called the Sports Illustrated Building, 135 West 50th Street features energy-efficient windows, a terrace, more than 200 on-site parking spaces, and on-site building management. It has 925,000 square feet of Class A office space. One unit is currently available to rent, and it is 41,898 square feet in size. Contact us to inquire about pricing or request a tour. Key tenants already working at the Sports Illustrated Building include Volunteers of America, Stutman Advocate Stutman Lichtenstein, UBS Realty Investors, and The Flynn Group. Get to this location using trains M, F, D, B, C, or E.
Columbus Circle Neighborhood History
The area now occupied by Columbus Circle used to be farmland. Because of its location on the edge of Manhattan, it developed more slowly than the rest of the borough. Even during the 1880s when Manhattan saw a lot of growth, Central Park and Columbus Circle remained mostly empty. That changed with the addition of the Christopher Columbus Memorial, the implementation of plans for Central Park, the installation of new transportation options, and the gradual expansion of many of the important companies that operate here today.
Designed in 1857, Columbus Circle was initially a continuation of the vision for Central Park. The traffic circle faces the Merchant’s Gate entrance to Central Park on its northeast side. The installation of the Christopher Columbus statue 35 years later helped Columbus Circle establish a separate identity from Central Park. The city planned a celebration to commemorate the 400th anniversary of Christopher Columbus’s arrival in America. City leaders wanted to construct the monument in Bowling Green or somewhere else in Lower Manhattan. But, of course, it ended up as a key part of Columbus Circle. It was placed and presented on Oct. 13, 1892. The circle itself, which was originally designed for horse and carriage traffic, was completed in 1905.
In the 1920s and 1930s, Columbus Circle became more accessible with the addition of the IND Eighth Avenue Line—including A, B, C, and D trains) underneath the circle. In 1954, Robert Moses began building the Coliseum, which was finished in 1956. It remained until 2000 when it was replaced with the Time Warner Center. The Lincoln Center was constructed from 1955 to 1969.
The New York State Board of Historic Preservation designated the Columbus monument as part of the National Register of Historic Places on Sept. 20, 2018. Today, Columbus Circle serves as the entrance to Central Park, an important hub for media, a shopping destination, and the center of NYC. It is home to not only the Christopher Columbus Monument but also the Time Warner Center, the Museum of Arts and Design, and the Maine Monument.