Office

565 Fifth Avenue, New York, NY 10017 – Midtown / Fifth Avenue Corridor
Asking Rent: $40,000
Size: 8,940 sq ft
Use: Corporate Headquarters / Large Professional Services Firm / Financial / Legal / Tech
Lease Type: Commercial Lease (Office)
Price per Sq Ft: ~$53.69/sq ft/year | ~$4.47/sq ft/month

Property Overview

This 8,940-square-foot office space at 565 Fifth Avenue presents a substantial and high-value headquarters opportunity on one of the world’s most prestigious commercial avenues. With an asking rent of $40,000, the space offers an exceptionally competitive price per square foot for a large, full-floor or multi-floor footprint in a prime Midtown Class B/C building. It is designed for a corporation, financial firm, law practice, or technology company seeking significant space for a large team, with the prestige of a Fifth Avenue address, at a cost well below newer luxury towers.

Space Highlights

• Expansive 8,940 sq ft of contiguous office space, suitable for 45-90+ employees
• Exceptional value price per square foot for a Fifth Avenue address of this size
• Likely features efficient floor plates with a mix of private offices, open workstations, and multiple conference rooms
• Full-service building with elevators, security, and likely shared amenities
• Opportunity for a significant build-out or redesign to create a custom corporate environment

Location & Neighborhood

• Iconic Midtown address on Fifth Avenue between 46th and 47th Streets
• In the heart of the corporate and financial district, steps from Rockefeller Center, Grand Central Terminal, and the Diamond District
• Surrounded by major banks, law firms, corporate headquarters, luxury retail, and flagship stores
• Unparalleled access to subway lines (B/D/F/M, 7, 4/5/6, S) at 42nd Street-Bryant Park and Grand Central-42nd Street
• Exceptionally high foot traffic from office workers, tourists, and shoppers
• Walkable to numerous hotels, restaurants, and Bryant Park

Summary

Offered at $40,000 per month (~$53.69/sq ft/year), this 8,940 sq ft office at 565 Fifth Avenue is a remarkable value proposition for a large firm needing a central, prestigious, and highly functional headquarters. The cost per square foot is significantly below market averages for comparable size and location, making this a strategic opportunity to secure a long-term base of operations. This space is perfect for a cost-conscious but image-aware company—such as a mid-size law firm, financial services group, or corporate back-office—that wants the branding power and convenience of a Fifth Avenue address while maximizing space efficiency and controlling occupancy costs.