Office

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.