825 3rd Avenue

Plaza District

New York, NY 10022

  • 150 - 118,160 sqft
  • inquire for pricing

Building Details

  • 24/7 Access✔︎
  • Turnstile✔︎
  • Attended Lobby✔︎
  • Walk Score®100
  • Noise Index0.53

825 Third Avenue Business Center at 50th Street offers 24/7 access, modern lobby with building security and multiple high speed elevators. It is steps away from the United Nations, on 1st Avenue between 42nd Street and 48th Street making it a perfect location for those looking to do business internationally. The surrounding area features not only the United Nations, but many world renowned restaurants, parking, cafes and hotels. A Newspaper Stand is located onsite, making catching up with the news around the world simple. An elegant corporate business environment awaits you, your employees and your clients. Our office space provides everything you need to create great work furnished, with high-speed internet and telephone services. Need to meet with a client or need more space to brainstorm? Our spacious meeting rooms are perfect for groups of all sizes with the same tasteful decor inside. And our virtual office services give you the prestige of a Manhattan address at a fraction of the cost. Our professionally trained staff is available to assist you. Your business and Corporate Suites is a perfect combination. Contact us today for more information

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  • Availability

    Space150 sqftInquire for pricing
    2nd Floor500 sqftInquire for pricing
    14th Floor1,104 sqftInquire for pricing
    12th Floor11,044 sqftInquire for pricing
    18th Floor11,044 sqftInquire for pricing
    17th Floor11,044 sqftInquire for pricing
    16th Floor11,044 sqftInquire for pricing
    14th Floor11,044 sqftInquire for pricing
    15th Floor11,044 sqftInquire for pricing
    31st Floor11,134 sqftInquire for pricing
    29th Floor11,816 sqftInquire for pricing
    26th Floor11,816 sqftInquire for pricing
    25th Floor11,816 sqftInquire for pricing
    27th Floor11,816 sqftInquire for pricing
    20th Floor11,816 sqftInquire for pricing
    21st Floor11,816 sqftInquire for pricing
    24th Floor11,816 sqftInquire for pricing
    22nd Floor11,816 sqftInquire for pricing
    30th Floor11,856 sqftInquire for pricing
    Space11,900 sqftInquire for pricing
    Office Space11,923 sqftInquire for pricing
    Space12,278 sqftInquire for pricing
    33rd Floor12,278 sqftInquire for pricing
    32nd Floor12,278 sqftInquire for pricing
    34th Floor12,278 sqftInquire for pricing
    Space19,862 sqftInquire for pricing
    23rd Floor118,160 sqftInquire for pricing
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    Plaza District

    The Plaza District is anchored by the southeast corner of Central Park. Most agree that the district is defined between the East River and Seventh Avenues, with 65th and 42nd streets as its North-South borders. The Plaza District derives its name from the landmark 19th-century Plaza Hotel and the Grand Army Plaza. The district is home to many famous buildings and landmarks, including Radio City Music Hall, Rockefeller Plaza, the Chrysler Building, and MoMa.

    Midtown Manhattan is the largest central business district in the world, and the Plaza District boasts some of the most premier commercial real estate in the city. Its tall buildings primarily provide office space for holding companies, investment groups, media groups, consulting firms, accounting firms, and hedge funds. Two-thirds of hedge funds lease NYC office space in the Plaza District.

    Notable Plaza District tenants include Deloitte, Accenture, Mizuho Americas, Bloomberg Media, Colgate-Palmolive, JP Morgan, Pfizer, Cisco Systems, Fox News, and NBC Studios.

    SquareFoot's NYC Market Report

    Plaza District Office Space | Lease Data & Trends

    The Plaza District sees a range of asking rents and holds a Class A average of more than $95 per square foot, around $10 per square foot more expensive than the Midtown average. Many upper floors — especially those with views of Central Park — can lease for up to $200 per square foot, and many of the most expensive Plaza District buildings (such as the SoLow and General Motors Buildings) have an average asking rent of $140+ per square foot.

    The cost of office space is largely determined by location, building class, lease terms and length, and renovation costs. Not sure about the differences between Class A and Class B office spaces? What about gross lease, triple net leases, and tenant improvement allowance? A licensed tenant broker will leverage these factors to negotiate your lease, but if you want to learn more for yourself, check out our Leasopedia.

    What Our Brokers Say About Plaza District Office Space for Rent

    Inventory stands at nearly 102,000,000 square feet, with vacancy around 10%. As some tenants such as Blackrock choose to leave the Plaza District for Hudson Yards, vacancy is expected to go up. The Plaza District is ideal for small to mid-size financial services. Between 2015 and 2017, 65% of signed leases for less than 20,000 square feet in Midtown were concentrated in the Plaza District.

    Co-working spaces are also finding their way into the Plaza District. WeWork has four Plaza District locations and signed a lease at the beginning of 2018 for a 400,000 square foot office space at 750 Lexington Ave. NYC Office Suites has 75,000 square feet covering three floors in the LOVE Building, and Grand Central Tech resides at 335 Madison Ave. Plaza District is also an ideal location for any business that interacts with the United Nations ecosystem of organizations, which are mostly based in Midtown East and Murray Hill.

    Plaza District Neighborhood History

    Construction above 42nd Street soared in the 1920s after the completion of Grand Central Station. Thirty new skyscrapers went up in 1927 alone, and Midtown’s reputation as the epicenter of business in New York City only continued to solidify throughout the 20th century.

    Unlike the up-and-coming neighborhoods that value repurposing old warehouses and factories into work spaces, the majority of older buildings in the Plaza District were designed with businesses in mind. There has been little to no large-scale construction in recent years, although landlords are starting to issue significant renovations to attract the younger workforce.

    Getting Around the Plaza District

    The Plaza District provides a variety of transportation options for easy commuting around the city,with Grand Central Station as the primary hub in the south-east corner of the district. Subway lines B, D, F, M, 1, N, Q, R as well as bus lines M1, M2, M3, M4, M5, M7, and M50 service the area. Suburban commuters take the Metro North from Westchester, Putnam, and Dutchess Counties, and much of Connecticut. Taxis are readily available to drive you to your next destination.

    The Plaza District has heavy foot traffic. From the north, employees can enjoy walking or biking to work through Central Park. There are also bike lanes on Second Avenue (southbound) and First Avenue (northbound).

    Nearby neighborhoods include: Columbus Circle, Times Square, Park Avenue, and Fifth-Madison.

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