According to Mitch Waldman, CEO of Cogent Realty Advisors recent Office Space Pricing Guide for 2020, there are 262 Buildings in the Penn Station neighborhood including the Garment District. There are 62 Million Square Feet of Office Space recent vacancy of just under 11%. https://www.rentnyoffice.com/office-space-price-guide-penn-station-2020/
Office Space Cost
Guide For Penn Station
NYC Business District
The Cogent Real Advisors report includes details of 8
buildings that represent the variety of building types in the
One Penn Plaza is one of the
most expensive buildings in the
report with office space priced in
the ballpark of $75.00 to $90.00
One Penn is directly above Penn Station adjacent to
Madison Square Garden.
Currently the building is in the
process of a $200 Million
It's one of the prime buildings in the heart of the Penn
Another building in the Guide is
450 Seventh Avenue located just
north of One Penn Plaza between
34-35th Streets across from
One block north of 450 Seventh Ave is another great Manhattan
building referred to as 463 Seventh Avenue on the east side of the
street between 35th and 36th Streets.
Another building in the guide
located in the Garment District is
225 West 34th Street.
Mitch Waldman mentioned, "This is an Art Deco style
building with the classic feel of NYC.
It's one of the great buildings in
the Penn Station neighborhood
with 96% occupancy".
Today the building is occupied by a variety of small to mid-sized
businesses including legal, accounting and technology.
According to Mitch Waldman,
"Though asking prices are frequently
negotiable, building owners price
their available space at true market
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