Commercial Property for Lease – 49 W 37th Street, New York, NY 10018

Asking Rent: $40,000 / Month
Size: 5,500 SF
Price per SF: $87.27 / SF annually
Property Type: Office / Showroom / Creative Space
Location: Midtown Manhattan – Garment District
Availability: Immediate

Property Overview

49 W 37th Street offers 5,500 sq. ft. of commercial space in Midtown Manhattan’s thriving Garment District. The property is well-suited for office, showroom, or creative users who want a full-floor identity in a high-demand, centrally located corridor.

Located between Fifth Avenue and Sixth Avenue, this property benefits from its close proximity to Bryant Park, Penn Station, and Times Square, making it ideal for companies needing strong commuter accessibility and a prime Manhattan presence.

Key Features

• Total Size: 5,500 SF
• Asking Rent: $40,000/month ($87.27/SF annually)
• Floor Plate: Full-floor space, open configuration with flexible build-out options
• Interior: High ceilings, large windows, customizable layout
• Transit Access: Close to B/D/F/M, N/Q/R/W, 1/2/3 subway lines, Penn Station, and Grand Central

Market Profile

• Target Tenants: Fashion showrooms, creative studios, professional offices, or technology start-ups
• Neighborhood Demand: The Garment District continues to attract office-to-showroom conversions, offering lower rents than Class A towers but prime Midtown access
• Competitive Advantage: Premium address with slightly smaller floor plate, making it attractive to mid-size firms

Financial Highlights

• Monthly Rent: $40,000
• Annual Rent: $480,000
• Price per SF: $87.27 annually
• Lease Type: Direct lease, negotiable terms
• Upside Potential: Opportunity for mid-sized tenants to secure a full-floor identity near Bryant Park at competitive Midtown pricing

Location Advantages

• Neighborhood: Midtown Manhattan – Garment District
• Proximity: Steps to Bryant Park, Times Square, and Herald Square
• Accessibility: Excellent connectivity to Penn Station, Grand Central, and multiple subway lines
• Surroundings: Vibrant mix of retail, restaurants, hotels, and corporate offices

Summary

The 5,500 sq. ft. space at 49 W 37th Street presents a prime Midtown leasing opportunity. At $40,000/month ($87.27/SF annually), this property is well-positioned for office, showroom, or creative tenants seeking a prestigious location in the Garment District with excellent transit access and visibility.