brandsquarefoot

39 West 56th Street

Plaza District

New York, NY 10019

  • inquire for pricing

Building Details

  • Walk Scoreยฎ100
  • Not what you're looking for?

    Go through our quick office space finder quiz to find the best spaces for your company.

  • Sample Units

    UnitSizePriceInquire
    Small2,500 sqftInquire for pricing
    Medium5,000 sqftInquire for pricing
    Large10,000 sqftInquire for pricing
    Whole Floor20,000 sqftInquire for pricing
    • 0.04 mi๐Ÿฅ˜Mangia
    • 0.04 mi๐Ÿฅ˜Menkui Teu
    • 0.04 mi๐Ÿฅ˜Beyond Sushi
    • 0.05 mi๐Ÿฅ˜Joe's Shanghai
    • 0.06 mi๐Ÿฅ˜Five Guys
    • 0.06 mi๐Ÿฅ˜Betony
    • 0.06 miโ˜•๏ธStarbucks
    • 0.07 mi๐Ÿฅ˜Rue 57
    • 0.07 mi๐ŸบCassidyโ€™s
    • 0.07 mi๐ŸบWhiskey Trader
    • 0.07 mi๐Ÿฅ˜La Bonne Soupe
    • 0.07 mi๐Ÿฅ˜Il Corso
    • 0.07 mi๐Ÿฅ˜Benoit
    • 0.08 mi๐Ÿš‡F57th Street
    • 0.08 mi๐Ÿฅ˜Bistro Milano
    • 0.09 miโ˜•๏ธJamba Juice
    • 0.1 mi๐Ÿฅ˜Wayfarer
    • 0.1 miโ˜•๏ธFIKA 58th Street
    • 0.11 mi๐Ÿฅ˜Mozzarella & Vino
    • 0.11 mi๐ŸบConnolly's
    • 0.11 mi๐Ÿฅ˜Le Parker Meridien Burger
    • 0.16 miโ˜•๏ธStarbucks
    • 0.16 mi๐Ÿฅ˜The Modern - The Bar Room
    • 0.17 mi๐Ÿฅ˜Fogo de chao
    • 0.18 miโ˜•๏ธStarbucks
    • 0.19 miโ˜•๏ธStarbucks Coffee
    • 0.19 mi๐Ÿš‡EM53rd Street-5th Avenue
    • 0.19 mi๐Ÿฅ˜Russian Tea Room
    • 0.2 miโ˜•๏ธBlue Dog
    • 0.2 mi๐Ÿฅ˜Harry Cipriani
    • 0.21 mi๐Ÿบ21 Club
    • 0.21 mi๐Ÿฅ˜RED 58
    • 0.21 mi๐Ÿš—Alpha Garage
    • 0.22 mi๐Ÿš‡NRW5th Avenue โ€“ 59th Street
    • 0.23 miโ˜•๏ธLe Pain Quotidien
    • 0.23 mi๐Ÿฅ˜Burger Heaven
    • 0.24 mi๐Ÿฅ˜Park Cafe
    • 0.24 mi๐Ÿš‡NQRW57th Street-7th Avenue
    • 0.24 mi๐ŸบOld Castle
    • 0.25 mi๐Ÿฅ˜Petrossian
    • 0.25 mi๐Ÿš—Icon
    • 0.25 miโ˜•๏ธCafe Metro
    • 0.25 mi๐Ÿฅ˜Lili's 57
    • 0.25 mi๐Ÿฅ˜Redeye Grill
    • 0.26 mi๐Ÿฅ˜Teresa's
    • 0.26 miโ˜•๏ธEuropa Cafe
    • 0.26 miโ˜•๏ธStarbucks
    • 0.26 miโ˜•๏ธCafรฉ Metro
    • 0.26 mi๐ŸบThe Irish Pub
    • 0.26 mi๐Ÿฅ˜Carnegie Deli
    • 0.27 mi๐Ÿš—Champion
    • 0.27 mi๐Ÿฅ˜Le Pain Quotidien
    • 0.28 mi๐Ÿฅ˜Del Frisco's
    • 0.28 mi๐ŸบBill's Gay Nineties
    • 0.28 mi๐Ÿฅ˜Aquavit
    • 0.28 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.29 mi๐Ÿฅ˜Brooklyn Diner
    • 0.29 mi๐Ÿš‡BDE7th Avenue
    • 0.29 mi๐Ÿฅ˜Ted's Montana Grill
    • 0.29 mi๐Ÿฅ˜Capital Grille at Time-Life
    • 0.3 mi๐Ÿฅ˜Hooters
    • 0.3 mi๐Ÿฅ˜Brasserie Ruhlman
    • 0.31 mi๐Ÿฅ˜Cognac
    • 0.32 miโ˜•๏ธStarbucks
    • 0.32 mi๐Ÿฅ˜Le Bernardin
    • 0.33 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.33 mi๐ŸบRosie O'Grady's Saloon
    • 0.35 miโ˜•๏ธDancing Crane Cafe
    • 0.35 miโ˜•๏ธNinth Street Espresso
    • 0.36 mi๐ŸบMcGee's Pub & Restaurant
    • 0.37 mi๐ŸบCharacters NYC Bar & Lounge
    • 0.38 miโ˜•๏ธArgo Tea
    • 0.38 miโ˜•๏ธStarbucks
    • 0.38 mi๐Ÿš‡BDFM47th-50th Streets - Rockefeller Center
    • 0.38 mi๐Ÿฅ˜Palace
    • 0.38 mi๐Ÿฅ˜TGI Fridays
    • 0.38 mi๐Ÿฅ˜Yakitori Totto
    • 0.38 miโ˜•๏ธGrom Gelato
    • 0.39 mi๐Ÿฅ˜East Japanese Restaurant
    • 0.39 miโ˜•๏ธMaison Kayser
    • 0.39 mi๐Ÿฅ˜Ellen's Stardust Dinner
    • 0.39 mi๐Ÿฅ˜Vizio
    • 0.39 mi๐Ÿฅ˜Del Frisco's
    • 0.39 mi๐Ÿฅ˜Sushiden
    • 0.39 mi๐Ÿฅ˜Gallaghers Steakhouse
    • 0.39 mi๐Ÿฅ˜Nocello
    • 0.4 mi๐Ÿฅ˜Friday's
    • 0.4 miโ˜•๏ธStarbucks
    • 0.4 mi๐Ÿฅ˜Sushiden
    • 0.4 miโ˜•๏ธLittle Collins
    • 0.4 mi๐Ÿฅ˜ivy
    • 0.4 mi๐Ÿฅ˜Luigi's Pizza
    • 0.4 miโ˜•๏ธStarbucks
    • 0.4 mi๐Ÿฅ˜Maloney & Porcelli
    • 0.41 mi๐Ÿฅ˜Matts Grill
    • 0.41 mi๐Ÿฅ˜Thai Chai Kitchen
    • 0.41 mi๐Ÿฅ˜Nanking
    • 0.41 mi๐Ÿฅ˜Applebee's
    • 0.42 mi๐Ÿฅ˜The Fitz
    • 0.42 mi๐Ÿฅ˜Iroha
    • 0.42 mi๐Ÿฅ˜Little Collins
    • 0.42 miโ˜•๏ธStarbucks Coffee
    • 0.43 miโ˜•๏ธStarbucks
    • 0.43 mi๐Ÿš‡150th Street
    • 0.43 mi๐Ÿฅ˜Four Seasons
    • 0.43 mi๐Ÿš‡NRW49th Street
    • 0.43 mi๐ŸบP.J. Moran's
    • 0.43 mi๐ŸบCaroline's on Broadway
    • 0.43 miโ˜•๏ธStarbucks Coffee
    • 0.43 mi๐Ÿš‡59th Street - Columbus Circle
    • 0.44 mi๐ŸบRussian Samovar Piano Bar & Restaurant
    • 0.44 miโ˜•๏ธToasties
    • 0.44 miโ˜•๏ธJuan Valdez
    • 0.44 miโ˜•๏ธPret a Manger
    • 0.44 mi๐ŸบRussian Vodka Room
    • 0.44 mi๐Ÿฅ˜Cosmic Diner
    • 0.44 miโ˜•๏ธFIKA 52 & LEX
    • 0.44 miโ˜•๏ธCafe K
    • 0.45 mi๐Ÿš‡45659th Street
    • 0.45 mi๐Ÿฅ˜Hatsuhana
    • 0.45 mi๐Ÿฅ˜Roast Chicken
    • 0.45 miโ˜•๏ธDunkin' Donuts
    • 0.45 mi๐Ÿฅ˜The Playwright
    • 0.45 miโ˜•๏ธStarbucks Coffee
    • 0.45 miโ˜•๏ธPret A Manger
    • 0.46 mi๐ŸบProvidence
    • 0.46 mi๐ŸบMcHale's Pub
    • 0.46 mi๐Ÿฅ˜Grasp Grill
    • 0.46 mi๐Ÿฅ˜Blue Ribbon
    • 0.46 mi๐Ÿš‡EM53rd Street-Lexington Avenue
    • 0.46 miโ˜•๏ธStarbucks
    • 0.47 mi๐Ÿฅ˜Bareburger

    Neighborhood

    Plaza District

    The Plaza District is anchored by the southeast corner of Central Park. Most agree that the district is defined between the East River and Seventh Avenues, with 65th and 42nd streets as its North-South borders. The Plaza District derives its name from the landmark 19th-century Plaza Hotel and the Grand Army Plaza. The district is home to many famous buildings and landmarks, including Radio City Music Hall, Rockefeller Plaza, the Chrysler Building, and MoMa.

    Midtown Manhattan is the largest central business district in the world, and the Plaza District boasts some of the most premier commercial real estate in the city. Its tall buildings primarily provide office space for holding companies, investment groups, media groups, consulting firms, accounting firms, and hedge funds. Two-thirds of hedge funds located in NYC have office space in the Plaza District.

    Notable Plaza District tenants include Deloitte, Accenture, Mizuho Americas, Bloomberg Media, Colgate-Palmolive, JP Morgan, Pfizer, Cisco Systems, Fox News, and NBC Studios.

    Plaza District Office Space | Lease Data & Trends

    The Plaza District sees a range of asking rents and holds a Class A average of $94.19 per square foot, compared to the Midtown Class A average of ย $83.71. Many upper floors โ€” especially those with views of Central Park โ€” can lease for up to $200 per square foot, and many of the most expensive Plaza District buildings (such as the SoLow and General Motors Buildings) have an average asking rent of $144 per square foot.

    The cost of office space is largely determined by location, building class, lease terms and length, and renovation costs. Not sure about the differences between Class A and Class B office spaces? What about gross lease, triple net leases, and tenant improvement allowance? A licensed tenant broker will leverage these factors to negotiate your lease, but if you want to learn more for yourself, check out our Leasopedia.

    What Our Brokers Say

    Inventory stands at nearly 102,000,000 square feet, with vacancy around 10%. As some tenants such as Blackwater choose to leave the Plaza District for Hudson Yards, vacancy is expected to go up. The Plaza District is ideal for small to mid-size financial services. Between 2015 and 2017, 65% of signed leases for less than 20,000 square feet in Midtown were concentrated in the Plaza District.

    Co-working spaces are also finding their way into the Plaza District. WeWork has four Plaza District locations and signed a lease at the beginning of 2018 for a 400,000 square foot office space at 750 Lexington Ave. NYC Office Suites has 75,000 square feet covering three floors in the LOVE Building, and Grand Central Tech resides at 335 Madison Ave. Plaza District is also an ideal location for any business that interacts with the United Nations ecosystem of organizations, which are mostly based in Midtown Eastย andย Murray Hill.

    Neighborhood History

    Construction above 42nd Street soared in the 1920s after the completion of Grand Central Station. Thirty new skyscrapers went up in 1927 alone, and Midtownโ€™s reputation as the epicenter of business in New York City only continued to solidify throughout the 20th century.

    Unlike the up-and-coming neighborhoods that value repurposing old warehouses and factories into workspaces, the majority of older buildings in the Plaza District were designed with businesses in mind. There has been little to no large-scale construction in recent years, although landlords are starting to issue significant renovations to attract the younger workforce.

    Getting Around the Plaza District

    The Plaza District provides a variety of transportation options for easy commuting around the city,with Grand Central Station as the primary hub in the south-east corner of the district. Subway lines B, D, F, M, 1, N, Q, R as well as bus lines M1, M2, M3, M4, M5, M7, and M50 service the area. Suburban commuters take the Metro North from Westchester, Putnam, and Dutchess Counties, and much of Connecticut. Taxis are readily available to drive you to your next destination.

    The Plaza District has heavy foot traffic. From the north, employees can enjoy walking or biking to work through Central Park. There are also bike lanes on Second Avenue (southbound) and First Avenue (northbound).

    Nearby neighborhoods include: Columbus Circle, Times Square, Park Avenue, and Fifth-Madison.

     

    Internet Providers

    Similar Office Spaces

    Nearby

    SquareFoot does not represent the building. Pricing is estimated based on market averages. Information is deemed reliable but not guaranteed.