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51 Astor Place

Midtown South

New York, NY 10003

  • 7,069 - 25,401 sqft
  • inquire for pricing

Building Details

  • Owner/Leasing ManagerEdward Minskoff
  • Floors13
  • ArchitectFumihiko Maki
  • Walk Score®100
  • Year Built2013
  • Noise Index0.87
  • Notable TenantsIBM, Twitter
  • LEED® CertificationGold

51 Astor Place is a premium office building located in the heart of New York City’s entrepreneurship scene. It is already home to the Hult International Business School and IBM’s famous ‘Watson” computer and should continue to attract more tenants in the future. Completed in 2014, the building provides 440,000 square feet of class A office space spread across 13 stories. The building was also constructed with a low-energy glazed glass and aluminum curtain wall and is expected to receive a LEED gold certification. Ultimately, 51 Astor is a plucky midtown building that benefits from being in a high-end neighborhood like Greenwich Village.

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  • Availability

    UnitSizePriceInquire
    Partial 10th Floor7,069 sqftInquire for pricing
    12th Floor25,400 sqftInquire for pricing
    Office Space25,401 sqftInquire for pricing
    12th Floor - Suite25,401 sqftInquire for pricing
    10th Suite25,401 sqftInquire for pricing
    9th Suite25,401 sqftInquire for pricing
    12th Suite25,401 sqftInquire for pricing
    7th Suite25,401 sqftInquire for pricing
    5th Suite25,401 sqftInquire for pricing
    6th Suite25,401 sqftInquire for pricing
    11th Suite25,401 sqftInquire for pricing
    8th Suite25,401 sqftInquire for pricing
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    Neighborhood

    Midtown South

    Midtown South encompasses Manhattan neighborhoods such as Chelsea, Gramercy Park, Hudson Square, Greenwich Village, and SoHo. Numerous tech, media, fashion and marketing firms are vying for business space there. Notable businesses in Midtown South include Google, Forbes, and TripAdvisor.

    Midtown South Office Space | Lease and Data Trends

    On average, business space rental rates are lower in Midtown South than in Manhattan as a whole, with leases going for slightly less than $70 per square foot, compared to the Manhattan average (Class A and Class B) of around $75.

    The overall vacancy rate in Midtown South consistently hovers around seven percent, meaning there is competition among tenants but enough vacancy to push landlords to make concessions. Midtown South encompasses many different neighborhoods with prices varying based on location, lease length, and building class. To learn more about the office leasing process, check out our Leasopedia and Types of Office Space guide.

     

    NYC office space market report

    What Our Brokers Say About Midtown South Office Space

    Midtown South Manhattan is bordered roughly by 30th Street and Midtown Manhattan to the north, Canal Street and Downtown Manhattan to the south, the Hudson River to the west, and the East River to the east. It’s one of the most heavily visited areas in NYC and one of the most desirable locations for office space.

    Getting around Midtown South or visiting neighboring areas is easy. Use Penn Station, Grand Central Terminal, or the Port Authority Bus Terminal, all located conveniently nearby. To read more about how to get to or navigate a specific neighborhood within Midtown South, see the neighborhood pages: Chelsea, Gramercy Park, Hudson Square, Greenwich Village, FlatironNoho, Union Square, Madison Avenue, and SoHo.

    midtown-south-office-buildings

    Get to Know Midtown South

    The actual boundaries and character of Midtown South are debated. The Wall Street Journal notes that those interested in commercial property tend to see the area as covering a larger area than those interested in residential properties. To help you decide where you might be interested in pursuing office space, we have provided brief descriptions of some of Midtown South’s popular neighborhoods below.

    SoHo

    Soho, short for South of Houston Street, is an upscale neighborhood known for its style, luxury, art, and culture. It has an impressive collection of cast-iron buildings with large windows, fire escapes and wide open spaces. Companies such as FourSquare, WeWork Labs, and Warby Parker work there.

    Chelsea

    Chelsea manages to fit 200 art galleries, nearly 2,000 food and drink options, and a dizzying array of boutiques and shops all in one square mile. Known as one of the most pedestrian-friendly areas of NYC, Chelsea offers quick access to the High Line and Chelsea Piers. Working there means working alongside Google, Twitter, Youtube, Uber, Netflix, and Venmo.

    Greenwich Village

    Greenwich Village, nicknamed The Village or West Village, is the NYC artists’ haven and the Bohemian capital. The Village is home to the historic Washington Square Park and various Off-Broadway and Off-Off Broadways. It used to be a rural settlement, so its streets have names instead of numbers, which is unusual for NYC. J. Crew, Forbes, and Outbrain all work there.

    Hudson Square

    Hudson Square combines the elegance of Tribeca and the creativity of SoHo and serves as a hub for advertising, media, and tech. Most of the office space (70 percent) is Class A. A 2013 rezoning began a project to add 165,000 square feet of office space, and this is still underway. Working here means working beside Getty Images, Weiden + Kennedy, DigitalOcean, Two Sigma, and Havas Media.

    Gramercy Park

    Gramercy Park is a quiet district filled with Victorian charm and beautiful foliage. Currently, about 21.5 million square feet of office space are in the area with more than 100,000 under construction. Those looking for a centrally located neighborhood with a laid back environment will love Gramercy. Notable tenants include Perry Branding Group, Digital Pulp, and Gotham Ghostwriters.

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