Commercial Lease – 32 W 48th Street, New York, NY 10036
Asking Rent: $30,000/month
Size: 1909
Lease Type: Retail
Property Type: Ground-Floor Retail Space
Location: Midtown West / Diamond District / Fifth Avenue Corridor (10036)
Availability: Immediate
Property Overview
32 W 48th Street offers a prime ground-floor retail opportunity in the heart of Midtown Manhattan, just steps from Fifth Avenue, Rockefeller Center, and the Diamond District. Positioned on a highly trafficked cross street, the property benefits from steady pedestrian flow generated by office workers, luxury shoppers, tourists, and nearby hospitality venues.
Read More
This location is well suited for retailers seeking strong visibility in a central Manhattan corridor with consistent daytime and evening activity. The surrounding area features a dense concentration of jewelry retailers, corporate offices, hotels, and destination landmarks, making it an ideal setting for both local and international brands.
Key Features
- Asking Rent: $30,000/month
- Configuration: Ground-floor retail layout
- Frontage: West 48th Street exposure with strong walk-by traffic
- Visibility: Excellent Midtown presence near Fifth Avenue and Rockefeller Center
- Potential Uses: Jewelry, specialty retail, showroom, fashion, accessories, service-oriented retail
- Neighborhood Profile: Office-driven daytime traffic with strong tourist volume year-round
Lease & Terms
- Base Rent: $30,000/month
- Term: Negotiable
- Availability: Immediate
- Due at Signing: First month’s rent and security deposit; tenant financials required
- Tenant Responsibilities: Utilities and standard retail lease obligations
Market Profile
- Location Advantage: Centrally located between Fifth Avenue and Times Square, within the Diamond District and near Rockefeller Center.
- Transit Access: Excellent subway access via nearby B/D/F/M, N/Q/R/W, and 1 lines.
- Demand Drivers: Strong demand from jewelry retailers, boutique brands, and service retail seeking Midtown exposure.
- Competitive Advantage: Affordable entry point for a Midtown retail location compared to nearby Fifth Avenue and Times Square rents.
Summary
The retail space at 32 W 48th Street, New York, NY 10036, offered at $30,000/month, presents a compelling opportunity to secure a ground-floor presence in one of Midtown Manhattan’s most established commercial corridors. With strong foot traffic, excellent accessibility, and proximity to major landmarks, this location is well positioned for retailers seeking visibility and long-term value.
