<p>With impressive features that include fiber internet, a lobby attendant, and a freight elevator, you can be sure spaces at 501 Madison Avenue  will not be on the market for long.  The building, which is also known as the CBS Building, was constructed in 1930 and stands an inspiring 30 stories tall.<br />
Home to many of the citys most iconic landmarks, Midtown East is sure to give you picture-perfect Manhattan moments on a day-to-day basis. From the renowned Fifth-Avenue shopping, to people-watching in Rockefeller Center, or the worldly-feel of the United Nations, you will never be at a loss of things to do. Commuting to 501 Madison Avenue will also be a breeze since the historic Grand Central Station is just a few blocks away and serves as the main transportation hub. </p>


ny-new-york-501-madison-avenue

Furniture included with space

2 glass offices and 1 glass conf room and reception, bullpen and pantry

New York

Madison Avenue

<p>Stretching from Madison Square to East <a href="/ny/new-york/harlem/office-space">Harlem</a>, Madison Avenue is one of the most iconic streets in America and has been home to some of the country’s most influential businesses. Madison Avenue has been closely associated with the luxury and advertising world for the past century, but the Don Drapers of the world no longer dominate the area. Madison Avenue offices are home to international retail brands, law firms, creative agencies, hedge funds, consulting firms, and tech startups. Options include long-term rentals, short-term leases, coworking, and shared offices.</p>
<p>Stretching about 6 miles North to South, Madison Avenue brings you close to dozens of popular neighborhoods and landmarks, including the <a href="/ny/new-york/flatiron-district/office-space">Flatiron District</a>, the Empire State Building, <a href="/ny/new-york/grand-central-station/office-space">Grand Central Station</a>, Bryant Park, <a href="/ny/new-york/murray-hill/office-space">Murray Hill</a>, Rockefeller Center, <a href="https://www.squarefoot.com/ny/new-york/midtown-east/office-space">Midtown East</a>, <a href="/ny/new-york/park-avenue/office-space">Park Avenue</a>, the <a href="/ny/new-york/upper-east-side/">Upper East Side</a>, and East Harlem. However, the standard Fifth/Madison submarket stretches from around 47th Street in the South to 65th Street, with Sixth Avenue and Madison serving as the East-West borders.</p>
<h2><b>Madison Avenue Office Space | Lease Data &amp; Trends<br />
</b></h2>
<p>The Fifth/Madison Avenue market is one of the premium submarkets in <a href="/ny/new-york/manhattan/office-space/">Manhattan</a>, with more than 24 million square feet of easily accessible office space. The average rent price for Madison Avenue office space is $99 per square foot, among the highest rates in <a href="https://www.squarefoot.com/ny/new-york/office-space">NYC</a>. For office leases in Class A buildings, that average rent price rises to $105 per square foot. The high price is due to the quality of buildings, and high foot traffic that is crucial to retail brands.</p>
<p>One of the many perks of renting office space on Madison Avenue is the community’s commitment to keeping the street clean and beautiful. The Madison Avenue Business Improvement District has committed to helping property owners maintain a litter and graffiti-free environment, with a professional cleaning crew supporting the Department of Sanitation’s efforts to collect garbage, line and empty trash bins, remove snow from sidewalks, and remove stickers and flyers. The group has also led a local beautification initiative, planting dozens of trees along the street.</p>
<p>Popular office buildings include <a href="https://www.squarefoot.com/ny/new-york/11-east-44th-street">11 East 44 Street</a>, <a href="https://www.squarefoot.com/ny/new-york/350-madison-avenue">350 Madison Avenue</a>, and <a href="https://www.squarefoot.com/ny/new-york/340-madison-avenue">340 Madison Avenue</a>.</p>
<h2><b>Transportation: Getting to, From, and Around Madison Avenue</b></h2>
<p>Given its location in the <a href="https://www.squarefoot.com/ny/new-york/manhattan/office-space">heart of Manhattan</a>, we don’t recommend trying to drive near or around Madison Avenue (if you must, brace yourself for traffic, and factor parking into your budget). Office tenants instead can take advantage of a range of <a href="https://www.squarefoot.com/blog/how-to-make-employees-feel-good-about-an-office-move/">public transit options</a>, along with protected bike lanes in Central Park and along 1st and 2nd Avenues.</p>
<p>Employees based in <a href="/ny/new-york/queens/office-space">Queens</a> or <a href="/ny/new-york/greenpoint/office-space">North Brooklyn</a> can bike across the Queensboro Bridge, and Roosevelt Island residents can take the train or tram. There are a dozen CitiBike docking stations within the Fifth/Madison submarket, with many additional stations on Park and Lexington Avenues.</p>
<p>The Lexington Avenue line (4 and 5 express trains, 6 local) runs parallel to Madison Avenue, and the newly completed Q train extension runs through the Upper East Side. <a href="https://www.squarefoot.com/ny/new-york/midtown/office-space">Offices located closer to Midtown</a> have more extensive transit options, including the F, M, N, Q, R, and W trains, local and express buses, and Metro-North trains that run from Westchester, Putnam, and Dutchess Counties and areas in Connecticut to Grand Central Station.</p>
<h2><b>Why Employees Love the Fifth/Madison Area</b></h2>
<p>In addition to plenty of transit options and proximity to Central Park, The Madison Avenue area offers hundreds, if not thousands, of restaurants, coffee shops, and bars for employees and clients to enjoy within walking distance. Our brokers are particularly fond of Viand, Little Collins, and Amali. Employees are also a short walk from the Museum of Modern Art, Metropolitan Museum of Art, the Frick Museum, and the Transit Museum.</p>
<div class="images"><img loading="lazy" class="alignnone wp-image-8291 size-full" src="https://www.squarefoot.com/wp-content/uploads/2018/02/yoav-aziz-pPA-259-qXg-unsplash-e1564082279470.jpg" alt="Busy Madison Avenue Aerial View" width="375" height="500" /><img loading="lazy" class="alignnone wp-image-8292 size-full" src="https://www.squarefoot.com/wp-content/uploads/2018/02/281425884-e1564082293749.jpg" alt="Madison Avenue Building View From Ground" width="375" height="250" /><img loading="lazy" class="alignnone wp-image-8290 size-full" src="https://www.squarefoot.com/wp-content/uploads/2018/02/daryan-shamkhali-tRDGs9utMUo-unsplash-e1564082308816.jpg" alt="Madison Avenue Straight ahead view on street" width="375" height="250" /></div>


Madison Avenue Office Space for Rent

<p>Stretching from Madison Square to East <a href="/ny/new-york/harlem/office-space">Harlem</a>, Madison Avenue is one of the most iconic streets in America and has been home to some of the country’s most influential businesses. Madison Avenue has been closely associated with the luxury and advertising world for the past century, but the Don Drapers of the world no longer dominate the area. Madison Avenue offices are home to international retail brands, law firms, creative agencies, hedge funds, consulting firms, and tech startups. Options include long-term rentals, short-term leases, coworking, and shared offices.</p>
<p>Stretching about 6 miles North to South, Madison Avenue brings you close to dozens of popular neighborhoods and landmarks, including the <a href="/ny/new-york/flatiron-district/office-space">Flatiron District</a>, the Empire State Building, <a href="/ny/new-york/grand-central-station/office-space">Grand Central Station</a>, Bryant Park, <a href="/ny/new-york/murray-hill/office-space">Murray Hill</a>, Rockefeller Center, <a href="https://www.squarefoot.com/ny/new-york/midtown-east/office-space">Midtown East</a>, <a href="/ny/new-york/park-avenue/office-space">Park Avenue</a>, the <a href="/ny/new-york/upper-east-side/">Upper East Side</a>, and East Harlem. However, the standard Fifth/Madison submarket stretches from around 47th Street in the South to 65th Street, with Sixth Avenue and Madison serving as the East-West borders.</p>
<h2><b>Madison Avenue Office Space | Lease Data &amp; Trends<br>
</b></h2>
<p>The Fifth/Madison Avenue market is one of the premium submarkets in <a href="/ny/new-york/manhattan/office-space/">Manhattan</a>, with more than 24 million square feet of easily accessible office space. The average rent price for Madison Avenue office space is $99 per square foot, among the highest rates in <a href="https://www.squarefoot.com/ny/new-york/office-space">NYC</a>. For office leases in Class A buildings, that average rent price rises to $105 per square foot. The high price is due to the quality of buildings, and high foot traffic that is crucial to retail brands.</p>
<p>One of the many perks of renting office space on Madison Avenue is the community’s commitment to keeping the street clean and beautiful. The Madison Avenue Business Improvement District has committed to helping property owners maintain a litter and graffiti-free environment, with a professional cleaning crew supporting the Department of Sanitation’s efforts to collect garbage, line and empty trash bins, remove snow from sidewalks, and remove stickers and flyers. The group has also led a local beautification initiative, planting dozens of trees along the street.</p>
<p>Popular office buildings include <a href="https://www.squarefoot.com/ny/new-york/11-east-44th-street">11 East 44 Street</a>, <a href="https://www.squarefoot.com/ny/new-york/350-madison-avenue">350 Madison Avenue</a>, and <a href="https://www.squarefoot.com/ny/new-york/340-madison-avenue">340 Madison Avenue</a>.</p>
<h2><b>Transportation: Getting to, From, and Around Madison Avenue</b></h2>
<p>Given its location in the <a href="https://www.squarefoot.com/ny/new-york/manhattan/office-space">heart of Manhattan</a>, we don’t recommend trying to drive near or around Madison Avenue (if you must, brace yourself for traffic, and factor parking into your budget). Office tenants instead can take advantage of a range of <a href="https://www.squarefoot.com/blog/how-to-make-employees-feel-good-about-an-office-move/">public transit options</a>, along with protected bike lanes in Central Park and along 1st and 2nd Avenues.</p>
<p>Employees based in <a href="/ny/new-york/queens/office-space">Queens</a> or <a href="/ny/new-york/greenpoint/office-space">North Brooklyn</a> can bike across the Queensboro Bridge, and Roosevelt Island residents can take the train or tram. There are a dozen CitiBike docking stations within the Fifth/Madison submarket, with many additional stations on Park and Lexington Avenues.</p>
<p>The Lexington Avenue line (4 and 5 express trains, 6 local) runs parallel to Madison Avenue, and the newly completed Q train extension runs through the Upper East Side. <a href="https://www.squarefoot.com/ny/new-york/midtown/office-space">Offices located closer to Midtown</a> have more extensive transit options, including the F, M, N, Q, R, and W trains, local and express buses, and Metro-North trains that run from Westchester, Putnam, and Dutchess Counties and areas in Connecticut to Grand Central Station.</p>
<h2><b>Why Employees Love the Fifth/Madison Area</b></h2>
<p>In addition to plenty of transit options and proximity to Central Park, The Madison Avenue area offers hundreds, if not thousands, of restaurants, coffee shops, and bars for employees and clients to enjoy within walking distance. Our brokers are particularly fond of Viand, Little Collins, and Amali. Employees are also a short walk from the Museum of Modern Art, Metropolitan Museum of Art, the Frick Museum, and the Transit Museum.</p>
<div class="images"><img height="500" width="375" alt="Busy Madison Avenue Aerial View" src="https://www.squarefoot.com/wp-content/uploads/2018/02/yoav-aziz-pPA-259-qXg-unsplash-e1564082279470.jpg" class="alignnone wp-image-8291 size-full" loading="lazy"><img height="250" width="375" alt="Madison Avenue Building View From Ground" src="https://www.squarefoot.com/wp-content/uploads/2018/02/281425884-e1564082293749.jpg" class="alignnone wp-image-8292 size-full" loading="lazy"><img height="250" width="375" alt="Madison Avenue Straight ahead view on street" src="https://www.squarefoot.com/wp-content/uploads/2018/02/daryan-shamkhali-tRDGs9utMUo-unsplash-e1564082308816.jpg" class="alignnone wp-image-8290 size-full" loading="lazy"></div>


Unit	Size	Seats	Price
12th Floor - Suite 1204	853sqft	~ 5	$58 psf
7th Floor	1,056sqft	~ 7	$63 psf
8th Floor	1,432sqft	~ 9	Inquire for pricing

501-505 Madison Avenue

Madison Avenue

New York, NY 10022

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