Commercial Space for Lease – 79 Fifth Avenue, New York, NY 10003
Asking Rent: $200,000 / month
Size: 20,053 SF
Price per SF: ~$120 / SF annually
Property Type: Retail / Commercial
Status: Active
Property Overview
79 Fifth Avenue delivers over 20,000 SF of prime commercial space in the heart of the Flatiron/Union Square corridor. This rare, large-format availability is well-suited for flagship retail, high-profile showroom operations, fitness concepts, or institutional tenants seeking a commanding presence in one of Manhattan’s most active submarkets.
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Key Features
- Total Space: 20,053 SF
- Frontage: Wide Fifth Avenue exposure with heavy pedestrian and vehicle traffic
- Ceiling Heights: Generous, allowing for modern branding or showroom concepts
- Layout: Expansive, open floor plan that supports a wide range of tenant fit-outs
- Condition: Flexible for tenant improvements
Market Profile
- Target Tenants: Flagship retailers, global fashion houses, showrooms, health/wellness operators, or large-scale service providers.
- Competitive Advantage: One of the largest Fifth Avenue availabilities, offering scale and prestige in a highly coveted location.
Location Advantages
- Neighborhood: Flatiron / Union Square / Greenwich Village edge
- Nearby Landmarks: Union Square Park, Washington Square Park, The New School, Fifth Avenue shopping corridor.
- Transit Access: Union Square station (N/Q/R/W, 4/5/6, and L trains) provides unmatched connectivity.
Summary
At $200,000/month, 79 Fifth Avenue represents a rare large-block leasing opportunity along the prestigious Fifth Avenue corridor. With 20,053 SF of flexible space, this property is a standout option for flagship users seeking maximum visibility and presence in one of Manhattan’s most dynamic submarkets.
