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708 3rd Avenue

The Commerce Building

New York, NY 10017

  • 2,780 - 22,463 sqft
  • inquire for pricing

Building Details

  • Walk Score®100
  • Noise Index0.47

In terms of location and amenities, you’ll be hard-pressed to find a building better than 708 3rd Avenue. The building, which is also known as the Daily Commerce Building, was constructed in 1956 and features a renovated lobby, top-of-the-line security network, and breathtaking 360-degree views.
708 3rd Avenue is located in Turtle Bay, a neighborhood known for its beautiful architecture and views of the East River. The area is not defined by any tourist attractions, but that is part of the appeal. 708 3rd Avenue is just blocks away from Greek seafood at Arva Esiatorio, a warm treat at Ess-a-Bagel, and the Smith & Wollensky steakhouse – Warren Buffetts favorite in New York. Third Ave and Lexington have stations that are quite close, making transportation easy. After work, the nightlife in Turtle Bay leaves little to be desired.

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  • Availability

    UnitSizePriceInquire
    21st Floor2,780 sqftInquire for pricing
    Partial 3rd Floor3,071 sqftInquire for pricing
    Partial 2nd Floor3,907 sqftInquire for pricing
    Partial 18 Suite4,155 sqftInquire for pricing
    10th Floor4,261 sqftInquire for pricing
    Partial 10th Floor4,403 sqftInquire for pricing
    Office Space4,648 sqftInquire for pricing
    26th Floor5,123 sqftInquire for pricing
    Office Space5,470 sqftInquire for pricing
    23rd Floor5,470 sqftInquire for pricing
    Office Space5,708 sqftInquire for pricing
    16th Floor5,897 sqftInquire for pricing
    16th Floor5,900 sqftInquire for pricing
    11th Floor10,015 sqftInquire for pricing
    7th Floor17,430 sqftInquire for pricing
    Office Space17,430 sqftInquire for pricing
    4th Floor20,691 sqftInquire for pricing
    Entire 31st Floor22,463 sqftInquire for pricing
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    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.

    Midtown East Office Space | Lease Data & Trends

    Office space rental prices vary greatly based on location, building class, and lease terms and length. Madison Avenue Class A spaces rent for an average of $105/sqft; this area has some of the highest prices in all of New York City. In the Plaza District, Class A spaces rent for an average of $94.19/sqft. Renters can find Class A spaces for $73/sqft in Grand Central Station. And, of course, Class B spaces go for less. It just depends on what you’re looking for.

    In general, Midtown East submarkets are more expensive than the average NYC office space rent of $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 Have to Say

    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.

    met-life-building-grand-central-station

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