Commercial Space for Lease – 111 Fifth Avenue, New York, NY 10003

Asking Rent: $150,000 / Month
Size: 19,500 SF
Price per SF: ~$92 / SF annually
Property Type: Retail / Commercial / Showroom
Status: Active

Property Overview

111 Fifth Avenue offers 19,500 SF of premium commercial space at the crossroads of Union Square and Flatiron. This large-format availability is ideal for flagship retail, showrooms, wellness/fitness, or creative office uses, benefiting from Fifth Avenue frontage and one of the highest pedestrian traffic zones in Manhattan.

With immediate proximity to Union Square’s transit hub, this property combines scale, visibility, and accessibility, making it an outstanding option for tenants seeking a commanding presence in Downtown Manhattan.

Key Features

• Total Space: 19,500 SF
• Asking Rent: $150,000/month ($1,800,000 annually)
• Price per SF: ~$92 annually
• Layout: Expansive, flexible floor plate adaptable for retail, showroom, or institutional uses
• Frontage: Prime Fifth Avenue exposure
• Condition: Delivered white-box or customized to tenant specifications

Market Profile

• Target Tenants: Flagship retailers, fashion houses, wellness/fitness operators, galleries, or educational/institutional users
• Competitive Advantage: One of the largest blocks of space available on lower Fifth Avenue, offering both prestige and flexibility
• Lease Structure: Direct lease; long-term flagship tenancy encouraged

Location Advantages

• Neighborhood: Union Square / Flatiron / Greenwich Village edge
• Nearby Landmarks: Union Square Park, The New School, Fifth Avenue retail, Washington Square Park
• Transit Access: Direct access to Union Square subway hub (N/Q/R/W, 4/5/6, and L trains)
• Foot Traffic: Extremely heavy from commuters, residents, students, and shoppers

Summary

The 19,500 SF space at 111 Fifth Avenue represents a rare large-format leasing opportunity in the Union Square/Flatiron submarket. Offered at $150,000/month (~$92/SF annually), this property combines expansive scale, prime Fifth Avenue frontage, and unmatched connectivity, making it an ideal location for flagship retailers, showrooms, or institutional tenants.