Commercial Office Lease – 499 Park Avenue, New York, NY 10022

Asking Rent: $80,000/Month
Available Space: 11,293 SF
Location: Midtown East – Park Avenue & 59th Street (10022)
Availability: Immediate

Property Overview

499 Park Avenue delivers 11,293 SF of premium Class A office space in one of Midtown’s most architecturally distinctive high-rise towers. Designed by I.M. Pei & Partners, the building stands as a prestige corporate address, ideally positioned at the intersection of Park Avenue and 59th Street.

The available space offers floor-to-ceiling glass, efficient column-free layouts, and sweeping Park Avenue views, suitable for finance, law, private equity, consulting, or luxury headquarters operations.

Key Features

• Size: 11,293 SF
• Asking Rent: $80,000 per month
• Annualized Rent: $960,000
• Effective Rent per SF: ~$85/SF annually
• Building Class: Class A Trophy Tower
• Design: Modern glass façade, full-service lobby, high-speed elevators
• Prestige Factor: Landmark Park Avenue corporate destination

Market Profile

• Target Tenants: Global corporations, investment banks, law firms, private equity, and elite professional services
• Neighborhood Demand: Park Avenue north of 57th Street remains a premier financial and corporate corridor
• Competitive Advantage: Trophy-level Park Avenue address with large floor plate at ~$85/SF—competitive against newer Hudson Yards and Plaza District towers

Financial Highlights

• Asking Rent: $80,000/Month
• Space: 11,293 SF
• Annual Rent: $960,000
• Effective Rent per SF: ~$85/SF
• Lease Term: Negotiable; generous tenant improvement packages possible

Location Advantages

• Transit: Steps to 59th Street/Lexington Ave (N/Q/R/4/5/6) and near Grand Central Terminal
• Neighborhood: Surrounded by luxury retail (Madison & Fifth Avenue), fine dining, Central Park, and Fortune 500 neighbors
• Branding Value: 499 Park is a recognized trophy address, enhancing global tenant credibility

Summary

The 11,293 SF lease opportunity at 499 Park Avenue is a rare offering in a prestige Midtown East tower, combining size, presence, and efficient layouts with the strength of a Park Avenue corporate address. At $80,000/month (~$85/SF), it delivers strong value for firms requiring top-tier branding, views, and location.