brandsquarefoot

576 5th Avenue

Midtown East

New York, NY 10036

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Building Details

  • Walk Score®99
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  • Sample Units

    UnitSizePriceInquire
    Small2,500 sqftInquire for pricing
    Medium5,000 sqftInquire for pricing
    Large10,000 sqftInquire for pricing
    Whole Floor20,000 sqftInquire for pricing
    • 0.03 mi☕️Starbucks Coffee
    • 0.05 mi🥘China Moon
    • 0.06 mi☕️Toasties
    • 0.06 mi☕️Cafe K
    • 0.06 mi🥘Sushi-tei
    • 0.06 mi🥘Connolly's
    • 0.06 mi🥘Katsuhama
    • 0.06 mi🥘Emporium Brasil Restaurant
    • 0.08 mi🍺P.J. Moran's
    • 0.08 mi🥘Wolfgang's Steakhouse
    • 0.08 mi🍺Maggie's Place
    • 0.08 mi🥘Grasp Grill
    • 0.09 mi☕️Au Bon Pain
    • 0.09 mi🥘Friday's
    • 0.1 mi🥘Hatsuhana
    • 0.1 mi☕️Starbucks Coffee
    • 0.1 mi☕️europa cafe
    • 0.11 mi☕️FreeFoods
    • 0.12 mi🍺Mad 46
    • 0.14 mi🥘Sushiden
    • 0.14 mi☕️Pret a Manger
    • 0.15 mi☕️Starbucks Coffee
    • 0.15 mi🥘Così
    • 0.16 mi🍺Vander Bar
    • 0.17 mi🥘ammos estiatorio
    • 0.18 mi☕️Starbucks Coffee
    • 0.18 mi☕️Pret A Manger
    • 0.19 mi🥘Brasserie Ruhlman
    • 0.19 mi☕️Starbucks Coffee
    • 0.19 mi☕️Starbucks Coffee
    • 0.19 mi🥘Urban Space
    • 0.19 mi🍺Forty Four
    • 0.2 mi🍺Rooftop Bar
    • 0.2 mi🚗Hippodrome Parking
    • 0.2 mi☕️The Beer Bar Cafe Centro
    • 0.21 mi🥘Bobby Van's Steakhouse - Park Ave
    • 0.21 mi☕️Gregory Coffee
    • 0.21 mi🥘Bill's Bar & Burger
    • 0.21 mi🥘Bill's Bar & Burger
    • 0.22 mi🥘Del Frisco's
    • 0.22 mi🚇BDFM47th-50th Streets - Rockefeller Center
    • 0.22 mi🥘Maloney & Porcelli
    • 0.23 mi☕️Naples 45
    • 0.23 mi🚗Hippodrome Parking
    • 0.23 mi🥘LA Fonda Del Sol
    • 0.24 mi☕️Starbucks
    • 0.25 mi🥘Del Frisco's
    • 0.25 mi🥘Teresa's
    • 0.25 mi☕️Financier
    • 0.25 mi☕️Starbucks
    • 0.25 mi☕️Cafe Metro
    • 0.26 mi🚇75th Avenue
    • 0.27 mi🥘Tender
    • 0.27 mi🍺Haven Rooftop Bar
    • 0.28 mi☕️Andaz
    • 0.28 mi🍺21 Club
    • 0.29 mi☕️Starbucks
    • 0.29 mi☕️Starbucks Coffee
    • 0.29 mi🥘Pera
    • 0.3 mi🥘St. Andrew's
    • 0.3 mi🍺O'Lunney's
    • 0.3 mi🥘Madison & Vine
    • 0.31 mi☕️Starbucks Coffee
    • 0.31 mi☕️Breads bakery
    • 0.31 mi🥘The Lambs Club
    • 0.31 mi🚇BDFM42nd Street - Bryant Park
    • 0.31 mi🥘Capital Grille at Time-Life
    • 0.31 mi☕️Waffels and dinges
    • 0.31 mi🥘Havana Central
    • 0.32 mi🥘Ted's Montana Grill
    • 0.32 mi🍺BXL Cafe
    • 0.32 mi🥘Pershing Square
    • 0.32 mi☕️Central Cafe
    • 0.32 mi🍺Jimmy's Corner
    • 0.32 mi🥘Sushiden
    • 0.32 mi🚇EM53rd Street-5th Avenue
    • 0.32 mi🥘Bryant Park Grill
    • 0.32 mi☕️Le Pain Quotidien
    • 0.32 mi🥘Burger Heaven
    • 0.32 mi☕️Starbucks Coffee
    • 0.32 mi🥘Fogo de chao
    • 0.33 mi☕️Le Pain Quotidien
    • 0.33 mi🥘Bond45
    • 0.33 mi🥘The Modern - The Bar Room
    • 0.33 mi☕️Starbucks Coffee
    • 0.33 mi🥘Curry and Tandoor
    • 0.34 mi🥘Udon West
    • 0.34 mi🚌New York Airport Service
    • 0.34 mi🥘The National
    • 0.34 mi🥘The Heavenly Burger
    • 0.34 mi🚇S456742nd Street-Grand Central
    • 0.34 mi🥘Darbar
    • 0.34 mi☕️Starbucks Coffee
    • 0.34 mi🍺The Wheeltapper Pub
    • 0.34 mi🥘San Martin
    • 0.34 mi🥘Planet Hollywood
    • 0.35 mi🥘Iroha
    • 0.35 mi🚗Alpha Garage
    • 0.35 mi🥘Virgil's Real BBQ
    • 0.35 mi🥘Grand Central Place
    • 0.35 mi🥘Aretsky's Patroon
    • 0.35 mi🥘Buca di Beppo
    • 0.35 mi🥘Friday's
    • 0.35 mi🥘Tony's
    • 0.36 mi🚇651st Street
    • 0.36 mi☕️Southwest Porch
    • 0.36 mi☕️Market Cafe
    • 0.36 mi☕️Cofeed
    • 0.37 mi🥘Four Seasons
    • 0.37 mi🥘New York Luncheonette
    • 0.37 mi🥘Le Bernardin
    • 0.37 mi🥘Brooklyn Diner - Time Square
    • 0.37 mi☕️Starbucks
    • 0.38 mi🚇NRW49th Street
    • 0.38 mi☕️Starbucks Coffee
    • 0.38 mi☕️Macchiato Espresso Bar
    • 0.38 mi☕️Le Pain Quotidien
    • 0.38 mi🥘Mozzarella & Vino
    • 0.39 mi🍺Bill's Gay Nineties
    • 0.39 mi☕️FIKA Bryant Park
    • 0.39 mi🥘Roast Chicken
    • 0.39 mi🥘TGI Fridays
    • 0.39 mi☕️Dunkin' Donuts
    • 0.39 mi🍺Connolly's
    • 0.39 mi🥘Bierhaus
    • 0.39 mi🥘Salute
    • 0.39 mi🥘The Playwright
    • 0.4 mi☕️FIKA Grand Central
    • 0.4 mi☕️Starbucks Coffee
    • 0.4 mi🥘Roti
    • 0.4 mi☕️FIKA 52 & LEX
    • 0.4 mi🥘Ootoya
    • 0.4 mi🥘Blue Fin
    • 0.4 mi🚇S42nd Street -Times Square
    • 0.4 mi☕️Kellogg´s Cafe
    • 0.4 mi🥘44th Street Minar
    • 0.4 mi🥘Bubba Gump Shrimp Co.
    • 0.41 mi🥘Chopt
    • 0.41 mi🥘Gourmet 45
    • 0.41 mi☕️Mangia Organic
    • 0.41 mi☕️Starbucks Coffee
    • 0.41 mi☕️Cafe Metro
    • 0.41 mi🍺The Perfect Pint
    • 0.41 mi🥘Smith & Wollensky
    • 0.41 mi🥘Mexicue
    • 0.41 mi🥘Hard Rock Cafe
    • 0.42 mi🍺The Shakespeare
    • 0.42 mi🥘La Bonne Soupe
    • 0.42 mi🍺EVR NYC
    • 0.42 mi☕️Europa Cafe
    • 0.42 mi🥘Il Corso
    • 0.42 mi🍺Caroline's on Broadway
    • 0.42 mi☕️Starbucks Coffee
    • 0.42 mi🥘Benoit
    • 0.43 mi🥘Carmine's
    • 0.43 mi🥘Bistro Milano
    • 0.43 mi🥘The Counter
    • 0.43 mi🥘Five Guys
    • 0.43 mi🥘Sparks Steak House
    • 0.43 mi🚗Icon
    • 0.43 mi☕️Starbucks
    • 0.43 mi🥘Applebee's
    • 0.43 mi🥘The View Restaurant & Lounge
    • 0.43 mi🍺Park Avenue Tavern
    • 0.44 mi🥘Dos Caminos
    • 0.44 mi🥘Nanking
    • 0.44 mi☕️Ben&jerry
    • 0.44 mi☕️Cafe Edison
    • 0.44 mi🥘Pampano
    • 0.44 mi🚇150th Street
    • 0.44 mi🥘Junior's
    • 0.44 mi🍺Cassidy’s
    • 0.44 mi☕️Dunkin' Donuts
    • 0.44 mi🚗Quik Park
    • 0.44 mi🍺Whiskey Trader
    • 0.45 mi🥘Ruby Tuesday
    • 0.45 mi🚇EM53rd Street-Lexington Avenue
    • 0.45 mi🥘Ellen's Stardust Dinner
    • 0.45 mi🍺Blaggards Pub
    • 0.45 mi🥘The Australian
    • 0.45 mi🥘Aquavit
    • 0.45 mi🍺Rum House
    • 0.45 mi🚇NQRW42nd Street - Times Square
    • 0.45 mi🥘Joe's Shanghai
    • 0.46 mi☕️Starbucks
    • 0.46 mi☕️Moonstruck
    • 0.46 mi🥘Heartland Brewery
    • 0.46 mi🍺Rosie O'Grady's Saloon
    • 0.47 mi🚗Champion
    • 0.47 mi🚇12342nd Street - Times Square
    • 0.47 mi🚇12342nd Street - Times Square
    • 0.47 mi🚇12342nd Street - Times Square
    • 0.47 mi🥘Red Lobster
    • 0.47 mi🚇12342nd Street - Times Square
    • 0.47 mi🥘Menkui Teu
    • 0.47 mi🥘Scarlatto
    • 0.48 mi🚇742nd Street - Times Square
    • 0.48 mi🍺Hurley's
    • 0.48 mi🥘Glass House Tavern
    • 0.48 mi🥘Aoki
    • 0.48 mi🍺Old Castle
    • 0.48 mi🥘Trattoria Trecolori
    • 0.49 mi🥘Pergola Des Artistes

    Neighborhood

    Midtown East

    Midtown East, an area of Midtown, is a popular office space location, especially for consulting firms, financial services firms, media companies, and hedge funds. Located near many of Manhattan’s most iconic landmarks, the area is not only a business center but also a well-traveled tourist destination. Midtown East encompasses several unique neighborhoods including the Plaza District, Park Avenue, Madison Avenue, and Grand Central Station.

    SquareFoot's NYC Market Report

     

    Midtown East Office Space | Lease Data & Trends

    Office space rental prices vary greatly based on location, building class, and lease terms and length. On the high end of the spectrum, Class A office space in the Plaza District or on Madison Avenue can cost $100 per square foot. Conversely, Class B office space for lease in the Garment District or near Grand Central Station goes for closer to $60 per square foot.

    In general, Midtown East submarkets are more expensive than the average asking rent for NYC office space $72 per square foot, or the average Brooklyn office space rent of $42 per square foot.

    To help decide what kind of space you’re looking for, read about the differences between Class A and Class B office spaces. What about gross lease, triple net leases, and tenant improvement allowance? If you want to learn more about renting office space in Midtown East, one of our licensed tenant brokers would love to answer your questions.

     

    What Our Brokers Say About Midtown East Office Space

    The borough of Manhattan south of Central Park is traditionally divided into Midtown, Midtown South, and Lower Manhattan. Midtown East is the Eastern half of Midtown that is bordered by Fifth Avenue to the west, the East River to the east, 59th St. to the north, and 42nd Street to the south. The area is home to the Chrysler Building, Rockefeller Center, and the United Nations Headquarters, and visitors will notice a lot of areas that look familiar because they’ve appeared on postcards and in TV shows.

    Midtown East is primarily a business district and is relatively quiet during the evenings. Traveling around the area and getting to and from nearby districts is easy, especially with the convenient juxtaposition of Grand Central Station, which is not only one of the biggest hubs for public transportation in NYC but also a historic landmark. Nearby subway lines include: 4, 5, 6, N, Q, R, B, D, F, M, E, and 7. If visiting business partners need a place to stay, book rooms in The Langham, The Bernic Hotel, Fitzpatrick Grand Central, or Pod 39.

     

    Popular Neighborhoods in Midtown East

    Each neighborhood located within Midtown East has unique character and features.

    Grand Central Station: Whether you call it by its official name, Grand Central Terminal, or its nickname, Grand Central, this neighborhood is known for housing Grand Central Station, one of the biggest transportation hubs in NYC. Securing office space here means working alongside companies such as Salesforce, YES Network, Oracle, Metlife, and New York Life Insurance.

    Madison Avenue: Madison Avenue, one of the most well-known streets in America, is home to some of the nation’s most influential businesses. Named after the United States’ fourth President, James Madison, Madison Avenue is clean, beautiful, and graffiti-free. Though no longer the center of the advertising world, Madison Avenue is still an area in high demand.

    Plaza District: The Plaza District houses some of the most premier commercial real estate in NYC. A 10% vacancy leaves potential tenants with plenty of options to join the district’s current tenants, which include Colgate-Palmolive, Bloomberg, and NBC Studios.

    Park Avenue: Park Avenue, originally called Fourth Avenue, houses some of the nation’s most expensive real estate, and some of NYC’s richest CEOs live there. Fortune 500 companies such as Citigroup, Mutual of America, JP Morgan, and Metlife have Park Avenue addresses from here.

    photo of the metlife building and grand central station

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