488 Madison Avenue, New York, NY 10022 - Office Space for rent
488 Madison Avenue is located at 488 Madison Avenue in the Central Midtown neighborhood, NY, New York, 10022. The Class A Office building was completed in 1950 and features a total of 447,000 Sqft. There are 12 Office spaces available for lease at 488 Madison Avenue, New York, NY, 10022, totaling 133,228 Sqft. The largest space available has 27,562 Sqft.
There are 1,275 office spaces for lease in the Central Midtown neighborhood, totaling 15,120,533 Sqft of available office space. The office space availability for the 10022 zip code is 8,246,039 Sqft, in 672 office spaces. The average asking office rent per sq. ft. in Central Midtown is $69.96/sqft/year. For Class A+ office buildings the average office rate is $80.7/sqft/year, for Class A office buildings the average office rate is $86.55/sqft/year, for Class B office buildings the average office rate is $58.25/sqft/year, for Class C office buildings the average office rate is $52.25/sqft/year.
In Central Midtown, there are 134 class A office buildings. In Central Midtown, there are a total of 53 LEED certified office buildings. In 1950, the same year 488 Madison Avenue was built, 329 more commercial properties (office, industrial, retail) over 50,000 square feet were built in New York, featuring 3,933,693 square feet of commercial space. At zip code level, there are 120 commercial properties, of which 119 are office buildings over 50,000 square feet.