Commercial Property for Lease – 20 W 37th Street, New York, NY 10018

Asking Rent: $35,000 / Month
Size: 6,750 SF
Price per SF: $62.22 / SF annually
Property Type: Office / Showroom / Flexible Use
Location: Midtown Manhattan – Garment District
Availability: Immediate

Property Overview

20 W 37th Street offers a 6,750 sq. ft. full-floor commercial space in the heart of Midtown Manhattan’s Garment District. The property is ideal for office, showroom, or creative use tenants seeking a central location with excellent transit access.

This flexible space provides high ceilings, open layouts, and the ability to customize for a variety of commercial tenants. Positioned between Fifth Avenue and Sixth Avenue, the property benefits from heavy foot traffic and proximity to Bryant Park, Penn Station, and Times Square.

Key Features

• Total Size: 6,750 SF
• Asking Rent: $35,000/month ($62.22/SF annually)
• Floor Plate: Full-floor space, ideal for office or showroom layouts
• Interior: Open floor plan with flexible build-out options
• Location: Prime Midtown Manhattan (Garment District)
• Transit Access: Near 1/2/3, B/D/F/M, N/Q/R/W subway lines, Penn Station, and Grand Central

Market Profile

• Target Tenants: Office, fashion showrooms, creative studios, tech start-ups, or professional services
• Neighborhood Demand: Strong office/showroom demand with steady leasing activity due to Midtown’s accessibility and central positioning
• Competitive Advantage: Lower asking rent per SF compared to Class A Midtown towers while still offering prime location

Financial Highlights

• Monthly Rent: $35,000
• Annual Rent: $420,000
• Price per SF: $62.22 annually
• Lease Type: Direct lease, terms negotiable
• Upside Potential: Opportunity for tenant to secure a full-floor presence in Midtown at competitive rent compared to nearby Class A buildings

Location Advantages

• Neighborhood: Garment District – strong mix of office, fashion, and creative tenants
• Proximity: Steps from Bryant Park, Times Square, Penn Station, and Grand Central Terminal
• Accessibility: Excellent subway and commuter rail access for employees and clients
• Surrounding Area: Vibrant retail, dining, and hospitality options nearby

Summary

The 6,750 sq. ft. full-floor space at 20 W 37th Street offers a competitively priced leasing opportunity in Midtown Manhattan’s Garment District. At $35,000/month ($62.22/SF annually), this property provides flexibility for office, showroom, or creative tenants seeking a prime central location with excellent transit access.