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40 Rector Street

Financial District

New York, NY 10006

  • 200 - 34,521 sqft
  • inquire for pricing

Building Details

  • Floors18
  • Height220
  • ArchitectWarren & Wetmore
  • Walk Score®100
  • Year Built1920
  • Noise Index0.32

40 Rector Street, New York, NY 10006 is located on the corner of Rector Street and West Lane. Completed in 1920, the building stands at 18 floors tall and features over 600,000 square feet in office space for rent, make it quite a sizable structure. Although 40 Rector Street is still a relatively old building, it has been renovated numerous times throughout its tenure. The building stands in the Financial District in close proximity to the red, yellow, and green MTA subway lines. Hundreds of different restaurants also pepper the surrounding neighborhood. The edifice’s proximity to the other office buildings that surround the neighborhood make this space ideal for an organization needing closeness to partner firms or clients. As a result, such excellent placement adds a significant amount of value for the building’s tenants.

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  • Availability

    UnitSizePriceInquire
    Suite 501200 sqftInquire for pricing
    7th Floor750 sqftInquire for pricing
    Suite 4161,100 sqftInquire for pricing
    Suite 2141,300 sqftInquire for pricing
    1st Floor - Suite 21,372 sqftInquire for pricing
    Suite 2171,500 sqftInquire for pricing
    Suite 2341,500 sqftInquire for pricing
    1st Floor - Suite 12,247 sqftInquire for pricing
    2nd Floor3,000 sqftInquire for pricing
    Ground Floor4,500 sqftInquire for pricing
    19th Floor19,477 sqftInquire for pricing
    18th Floor29,962 sqftInquire for pricing
    Entire 15th Floor31,142 sqftInquire for pricing
    3rd Floor34,512 sqftInquire for pricing
    4th Floor34,512 sqftInquire for pricing
    3rd Floor34,521 sqftInquire for pricing
    4th Floor34,521 sqftInquire for pricing
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    Neighborhood

    Financial District

    The Financial District, nicknamed FiDi, is widely considered the leading financial center of the world. It houses many of New York City’s financial institutions–banks, insurance companies and other large corporations–such as the New York Stock Exchange and the Federal Reserve Bank of New York.

    Giants such as Goldman Sachs, Deutsche Bank and American Express already work out of the Financial District, as do many startups and mature mid-size firms. Given the available inventory and low asking rents, the Financial District has appeal to a range of businesses outside the financial services world.

    Financial District Office Space | Lease Data & Trends

    FiDi has some of the most affordable office space in Lower Manhattan. On average, Financial District office rent comes out to $53 per square foot and $57 for office space in a Class A building. These are significantly cheaper than average asking rents in popular neighborhoods such as Flatiron District, Plaza District, Hudson Square, Chelsea, and SoHo. With a vacancy rate of 12.3%, above the city average of 10%, there’s plenty of available spaces to choose from.

    What Our Brokers Say

    Offices in the Financial District, Water Street Corridor, and World Trade Center enjoy a range of convenient public transit options. Commuters can take the 1, 2, 3, 4, 5, 6, A, C, E, R, W, J, and Z trains, the Staten Island Ferry, East River Ferry, or the PATH Train.

    More than 25 percent of working individuals in the Financial District work in finance or insurance. During the day, FiDi comes to life with thousands of young professionals climbing the corporate ladder and tourists seeing the sights; at night, it tends to become calm and quiet compared to other areas of the city. More than 48,000 people live in the Financial District, and the average household income is $191,807. Almost half of residents hold a college degree, and more than 30 percent have a graduate degree as well.

    The neighborhood is perhaps best known for Wall Street, where workers earn 21.9 percent of wages of all of New York City. Geographically, Wall Street is an eight-block-long street located between Broadway and South Street. People tend to use the term “Wall Street” to discuss the United States’ financial markets and industries overall. You can find companies such as Morgan Stanley, Citigroup and JPMorgan Chase, among other big names crunching numbers on Wall Street. Many startups are leaving Midtown to take advantage of the cheaper rents, including VC-backed x.ai, Olo, Namely, and LifeBEAM.

    Popular buildings for Financial District office space include 11 Broadway, 80 Maiden Lane, The Western Electric Building at 222 Broadway, and The Home Insurance Plaza at 59 Maiden Lane. Our brokers have also helped tenants find offices in 85 Broad Street, 80 Pine Street, and The Insurance Building at 111 John Street.

    Get to Know the Neighborhood

    The Financial District is one of Manhattan’s oldest neighborhoods. If you want a break from the stresses of work, check out the South Street Seaport, a historic district with shopping, gorgeous views of the Brooklyn Bridge, New York City’s first luxury movie theater and plenty of places to eat. Looking for a place to meet up with a client? Popular business lunch destinations in the Financial District are the Blue Ribbon Federal Grill, Broadstone Bar & Kitchen, and Trinity Place. For more recommendations of things to see, do, eat, and drink in the area, check out our Best of FiDi local guide and our team’s favorite Financial District coffee shops.

    The Statue of Liberty, a famous tourist destination on Ellis Island, overlooks the Financial District. View it across the channel from Manhattan or take a Statue Cruise across the channel to see one of the country’s most popular landmarks up close. France gave the USA the 152-foot high iconic landmark in 1886.

     

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