Office

Commercial Property for Lease – 315 Fifth Avenue, New York, NY 10016

Asking Rent: $4,000 / Month
Size: 575 SF
Price per SF: ~$83 / SF annually
Property Type: Retail / Service / Boutique Office
Location: Midtown South – NoMad / Koreatown Corridor (10016)
Availability: Immediate

Property Overview

315 Fifth Avenue offers 575 SF of compact retail or office space in Midtown South, near Koreatown and NoMad. With Fifth Avenue frontage and steady foot traffic from office workers, residents, and tourists, the property is an affordable entry point into one of Manhattan’s busiest corridors.

The space is ideal for small retailers, service operators, boutique offices, or grab-and-go food concepts seeking Midtown visibility at manageable rent.

Key Features

• Total Size: 575 SF
• Asking Rent: $4,000/month ($48,000 annually)
• Price per SF: ~$83 annually
• Use Flexibility: Retail, boutique office, service, or food operator
• Frontage: Fifth Avenue visibility
• Condition: Lease-ready; adaptable for customization

Market Profile

• Target Tenants: Small retailers, professional service providers, boutique wellness/beauty, or grab-and-go food operators
• Neighborhood Demand: Midtown South/Koreatown benefits from dense office towers, a growing residential base, and tourist activity
• Competitive Advantage: At ~$83/SF annually, this space offers an affordable Midtown South location compared to surrounding retail rents

Financial Highlights

• Monthly Rent: $4,000
• Annual Rent: $48,000
• Price per SF: ~$83 annually
• Lease Terms: Direct lease; flexible terms available
• Upside Potential: Strong Midtown location with steady demand and exposure

Location Advantages

• Neighborhood: Midtown South – NoMad / Koreatown
• Proximity: Herald Square, Penn Station, Madison Square Park, Empire State Building
• Transit: Steps to 33rd Street (6 line) and Herald Square (B/D/F/M, N/Q/R/W)
• Foot Traffic: Strong mix of commuters, tourists, and office/residential demand

Summary

The 575 SF space at 315 Fifth Avenue is an affordable Midtown South leasing opportunity, priced at $4,000/month (~$83/SF annually). With Fifth Avenue frontage and proximity to Koreatown, NoMad, and Herald Square, it’s ideal for small-format retailers, service providers, or boutique offices looking for Midtown visibility.