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500 7th Avenue

Chelsea

New York, NY 10018

  • 10,769 - 180,882 sqft
  • ~$61/sqft

Building Details

  • Walk Score®98
  • Noise Index0.41
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  • Availability

    UnitSizePriceInquire
    Office Space10,769 sqft$54,742 /mo est
    2nd Floor13,567 sqft$68,965 /mo est
    4th Floor13,567 sqft$68,965 /mo est
    5th Floor13,567 sqft$68,965 /mo est
    7th Floor13,588 sqft$69,072 /mo est
    6th Floor13,591 sqft$69,087 /mo est
    3rd Floor13,935 sqft$70,836 /mo est
    7th Floor30,286 sqft$153,953 /mo est
    Entire 5th Floor30,307 sqft$154,060 /mo est
    Entire 4th Floor30,307 sqft$154,060 /mo est
    Entire 6th Floor30,383 sqft$154,446 /mo est
    5th thru 9th Floors67,645 sqft$343,862 /mo est
    4th thru 9th Floors180,882 sqft$919,483 /mo est
    • 0.06 mi☕️Cafe Bene
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    • 0.1 mi🍺Carragher's
    • 0.11 mi☕️Andrews Coffee Shop
    • 0.11 mi🥘Go!Go! Curry
    • 0.13 mi☕️Best Bagels And Coffee
    • 0.14 mi🥘Heartland Brewery
    • 0.15 mi🍺The Houndstooth Pub
    • 0.15 mi☕️Starbucks
    • 0.15 mi☕️Grace Cafe
    • 0.16 mi🚇NQRW42nd Street - Times Square
    • 0.16 mi☕️Intelligentsia
    • 0.16 mi🚇12334th Street - Penn Station
    • 0.16 mi🚇12334th Street - Penn Station
    • 0.16 mi🚇12334th Street - Penn Station
    • 0.16 mi🚇12334th Street - Penn Station
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    • 0.17 mi🍺The Distinguished Wakamba Lounge
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    • 0.18 mi🚇12342nd Street - Times Square
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    • 0.18 mi🚇12342nd Street - Times Square
    • 0.18 mi🚇12342nd Street - Times Square
    • 0.18 mi🚇742nd Street - Times Square
    • 0.19 mi☕️Starbucks
    • 0.19 mi☕️Piccolo Cafe
    • 0.19 mi🥘Mexicue
    • 0.19 mi🥘Red Lobster
    • 0.2 mi🥘Ruby Tuesday
    • 0.2 mi🍺Cooper's Tavern
    • 0.21 mi🍺Beer Authority
    • 0.21 mi🥘Ootoya
    • 0.22 mi☕️FIKA Bryant Park
    • 0.22 mi🚌Penn Station
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    • 0.22 mi🥘Keens Steakhouse
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    • 0.26 mi☕️Cofeed
    • 0.26 mi🥘Izakaya Mew
    • 0.26 mi☕️Tim Hortons
    • 0.26 mi☕️Southwest Porch
    • 0.26 mi🥘Dallas BBQ
    • 0.27 mi🥘Stage Door
    • 0.27 mi🚇BDFMNQRW34th Street-Herald Square
    • 0.27 mi🥘Five Guys
    • 0.27 mi🍺Joe coffee
    • 0.27 mi🚇New York Penn Station
    • 0.28 mi🥘Chevys Fresh Mex
    • 0.28 mi☕️Europa Cafe
    • 0.28 mi☕️Starbucks
    • 0.28 mi☕️Le Pain Quotidien
    • 0.29 mi☕️Waffels and dinges
    • 0.29 mi🚇ACE42nd Street - Port Authority Bus Terminal
    • 0.3 mi🚇BDFM42nd Street - Bryant Park
    • 0.3 mi🥘Hyo Dong Gak
    • 0.3 mi🥘Hard Rock Cafe
    • 0.3 mi🥘Brooklyn Diner - Time Square
    • 0.3 mi☕️Starbucks Coffee
    • 0.3 mi☕️Breads bakery
    • 0.3 mi☕️Cafe R
    • 0.3 mi🥘Tony's
    • 0.31 mi🥘Mercato
    • 0.31 mi☕️Ramini espresso bar
    • 0.31 mi🥘Bombay Tandoori
    • 0.32 mi🥘Cuisine of Pakistan
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    • 0.32 mi🍺BXL Cafe
    • 0.32 mi☕️Buongiorno Espresso Bar
    • 0.32 mi🥘Qi Bangkok Eatery
    • 0.32 mi🥘The Australian
    • 0.32 mi🥘Bubba Gump Shrimp Co.
    • 0.32 mi☕️Pie Face
    • 0.32 mi☕️Starbucks Coffee
    • 0.32 mi🥘Pomodoro Italian Restaurant
    • 0.32 mi🥘Zoob Zib Aura Thai
    • 0.32 mi☕️Dunkin' Donuts
    • 0.33 mi🥘Burgers and Cupcakes
    • 0.33 mi🥘Snack EOS
    • 0.33 mi🥘Sergimmo Slumeria
    • 0.33 mi🍺Blaggards Pub
    • 0.33 mi🚇PATH33rd Street
    • 0.33 mi🥘Carmine's
    • 0.33 mi🥘Virgil's Real BBQ
    • 0.33 mi🥘Hudson Station Bar and Grill
    • 0.33 mi🍺Holland Bar
    • 0.34 mi☕️Starbucks
    • 0.34 mi🥘Bryant Park Grill
    • 0.34 mi🥘Trattoria Casa Di Isacco
    • 0.34 mi🥘Friedman's
    • 0.34 mi🥘Alpha Fusion
    • 0.34 mi🥘Il Punto Ristorante
    • 0.34 mi🥘Uncle Jack's
    • 0.34 mi🥘Lizette Restaurant
    • 0.34 mi🍺Jimmy's Corner
    • 0.35 mi🥘The Lambs Club
    • 0.35 mi🥘Jimmys Burger Shack
    • 0.35 mi☕️Starbucks
    • 0.35 mi🥘Brother Jimmy's BBQ
    • 0.35 mi🍺Jack Demsey's
    • 0.35 mi🥘Sammy's House Of BBQ
    • 0.35 mi🥘Hell's Kitchen
    • 0.35 mi🥘John's Pizzeria
    • 0.36 mi🥘Roxy Diner
    • 0.37 mi🍺American Whisky
    • 0.37 mi☕️Cupcake Cafe
    • 0.37 mi🥘Junior's
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    • 0.38 mi☕️Ben&jerry
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    • 0.39 mi☕️Starbucks Coffee
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    • 0.39 mi🍺Tempest Bar
    • 0.39 mi🍺O'Reileys
    • 0.39 mi🥘Skylight Diner
    • 0.39 mi🍺Foley's
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    • 0.39 mi🥘Buca di Beppo
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    • 0.4 mi🥘Five Guys
    • 0.4 mi☕️Starbucks
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    • 0.4 mi🍺O'Lunney's
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    Neighborhood

    Chelsea

    Chelsea is well-known by locals and tourists alike for its expressive and diverse culture. With over 200 art galleries, nearly 2,000 options for food and drink, and an array of both boutiques and big chains for shopping — all in under one square mile — there’s something to satisfy every taste in Chelsea.

    Standout attractions include Chelsea Market, which attracts over 6 million visitors each year and was bought by Google’s parent company Alphabet Inc in early 2018, and the High Line, a 1.45-mile urban oasis. Both destinations have played significant roles in the revitalized growth of Chelsea.

    Chelsea Office Space | Lease Data & Trends

    Chelsea is an ideal location for any business seeking to infuse their products and office spaces with creativity. The established arts scene along with SUNY’s Fashion Institute of Technology attract an innovative and educated crowd with an average age of 25-40. Businesses have their pick of smaller offices in co-working spaces to sprawling floors in brick and beam buildings. The average asking rent for Chelsea office space hovers just above $59.00 per square foot, relative to the average Midtown price of $76.94 — another reason the neighborhood is so attractive to companies of all shapes and sizes.

    What Our Brokers Say

    While Chelsea has a smaller tech presence compared to the neighboring Flatiron District, the notable presence of Google and Twitter — along with the corporate offices of YouTube, Venmo, Uber, and Food52 — make excellent company for those looking to make the move. One of the most recent companies to move to Chelsea is Netflix, who signed an 11,592 square foot sublease for their first New York office space in the fall of 2017.

    The median residential rent is considered one of the highest in Manhattan, but even employees living outside NYC have convenient access to the district via Penn Station and will find commuting to be an appealing option. Once in Chelsea, most everyday needs are capable of being met within a five-minute walk. In addition to the variety of foods Chelsea Market has to offer, our team recommends Sweets by CHLOE, The Donut Pub, Momofuku Noodle Bar, Chelsea Brewing Pub, La Sirena, Rocking Horse Cafe, Sullivan Street Bakery, Salinas, and The Red Cat.

    Neighborhood History

    Chelsea is one of the few Manhattan districts still named after the original estate, which grew into a hub for manufacturing companies. Arguably the most famous company was Nabisco, which was redeveloped into the Chelsea Market in 1998.

    Industrialization in the 1850s took advantage of access to the Hudson River piers and led to the construction of numerous warehouses, factories, lumberyards, breweries, and tenements. Many of these original buildings have been redeveloped for new businesses and apartments. The Chelsea Historic District was designated in 1971 and last expanded in 1982.

    Chelsea continues to evolve with the Hudson Yards Redevelopment Project. With projected completion in 2024, soon Chelsea will benefit from 16 skyscrapers containing more than 12,700,000 square feet of new office, residential, and retail space. The project has already contributed to increased profits for many businesses in the area.

    Reimagine Your Workspace

    Chelsea has an abundance of inspiring office spaces that showcase endless possibilities for remodeling a workspace. In 2011, a 100,000 square foot warehouse building was purchased by British theater company Punchdrunk to create a five-story performance venue “The McKittrick Hotel,” now home to the immersive, site-specific theatrical production Sleep No More, a staple of Chelsea’s entertainment scene. Slightly less elaborate, Google’s Chelsea office is filled with NYC-themed rooms and provides access to floors with ladders as well as elevators, the startup Outbrain is praised for its central conference room “The Fishbowl,” and YouTube has permanent production sets available to their creators.

    Getting Around the Neighborhood

    Chelsea is listed among the top 20 most walkable areas in NYC. Walkers have easy access to the High Line and Chelsea Piers, although with the influx of tourists many locals caution against riding a bike along the piers. Bikers will still find incredible ease in getting around Chelsea and have access to bike sharing with CitiBike.

    Commuters have no shortage of options to get to work. In addition to commuting through Penn Station, employees can take the A, C, and E trains to Eighth Avenue or F and M trains to Sixth Avenue. Chelsea is accessible by bus routes  M7, M10, M11, M12, M14, and M23. Chelsea houses the main entrance to the 34th Street/Hudson Yards station for the 7 train as well as stops for the 1 and 2 trains.

    Neighboring districts include: Flatiron, Garment, Meatpacking, Tribeca, and Greenwich Village

     

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