554 On the Eighth - Office Space Availability

For Lease$62 - $75/Sqft/Year See below for details.

270 West 38th Street, New York, NY 10018

  • Office
  • General Office
  • 94,845 Sqft

554 On the Eighth, New York, NY 10018 - Office Space for rent

554 On the Eighth is located at 270 West 38th Street in the Garment District neighborhood, NY, New York, 10018. The Class B Office building was completed in 1924 and features a total of 325,000 Sqft. There are 7 Office spaces available for lease at 270 West 38th Street, New York, NY, 10018, totaling 94,845 Sqft. The largest space available has 16,018 Sqft and a rental rate of $63/Sqft/Year.

There are 721 office spaces for lease in the Garment District neighborhood, totaling 3,998,464 Sqft of available office space. The office space availability for the 10018 zip code is 4,345,856 Sqft, in 694 office spaces. The average asking office rent per sq. ft. in Garment District is $47.71/sqft/year. For Class A office buildings the average office rate is $39/sqft/year, for Class B office buildings the average office rate is $47.8/sqft/year, for Class C office buildings the average office rate is $49.3/sqft/year.

In Garment District, there are 177 class B office buildings. In Garment District, there are a total of 8 LEED certified office buildings. In 1924, the same year 554 On the Eighth was built, 336 more commercial properties (office, industrial, retail) over 50,000 square feet were built in New York, featuring 6,616,924 square feet of commercial space. At zip code level, there are 175 commercial properties, of which 173 are office buildings over 50,000 square feet.

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Details

  • Price $62 - $75/Sqft/Year
  • City New York
  • Neighborhood Garment District
  • Zip Code 10018
  • Market Manhattan
  • Property Type Office - General Office
  • Property Size 325,000 Sqft
  • Lot Size 0.3 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1924
  • Date Updated 21 Jan, 2021

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Availability

Suite Name Space Type Lease Rate Space Available
Penthouse General Office $75/Sqft/Year 8,340 Sqft
  • Suite Penthouse
  • Space Type General Office
  • Total Space Available 8,340 Sqft
  • Divisible Space No
  • Min Divisible 8,340 Sqft
  • Max Contiguous 8,340 Sqft
  • Lease Rate $75/Sqft/Year
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Christel Engel Is this you?

Colliers International

(212) 716-3567

20th Floor General Office $72/Sqft/Year 12,017 Sqft
  • Suite 20th Floor
  • Space Type General Office
  • Total Space Available 12,017 Sqft
  • Floor From 20 To 20
  • Divisible Space No
  • Min Divisible 12,017 Sqft
  • Max Contiguous 12,017 Sqft
  • Lease Rate $72/Sqft/Year
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Christel Engel Is this you?

Colliers International

(212) 716-3567

19th Floor General Office $70/Sqft/Year 12,306 Sqft
  • Suite 19th Floor
  • Space Type General Office
  • Total Space Available 12,306 Sqft
  • Floor From 19 To 19
  • Divisible Space No
  • Min Divisible 12,306 Sqft
  • Max Contiguous 12,306 Sqft
  • Lease Rate $70/Sqft/Year
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Christel Engel Is this you?

Colliers International

(212) 716-3567

# Not Known General Office $68/Sqft/Year 14,158 Sqft
  • Suite # Not Known
  • Space Type General Office
  • Total Space Available 14,158 Sqft
  • Floor From 16 To 18
  • Divisible Space No
  • Min Divisible 14,158 Sqft
  • Max Contiguous 14,158 Sqft
  • Lease Rate $68/Sqft/Year
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Christel Engel Is this you?

Colliers International

(212) 716-3567

# Not Known General Office $63/Sqft/Year 16,018 Sqft
  • Suite # Not Known
  • Space Type General Office
  • Total Space Available 16,018 Sqft
  • Floor From 11 To 15
  • Divisible Space No
  • Min Divisible 16,018 Sqft
  • Max Contiguous 16,018 Sqft
  • Lease Rate $63/Sqft/Year
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Christel Engel Is this you?

Colliers International

(212) 716-3567

# Not Known General Office $62/Sqft/Year 16,003 Sqft
  • Suite # Not Known
  • Space Type General Office
  • Total Space Available 16,003 Sqft
  • Floor From 4 To 10
  • Divisible Space No
  • Min Divisible 16,003 Sqft
  • Max Contiguous 16,003 Sqft
  • Lease Rate $62/Sqft/Year
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Christel Engel Is this you?

Colliers International

(212) 716-3567

# Not Known Retail $65/Sqft/Year 16,003 Sqft
  • Suite # Not Known
  • Space Type Retail
  • Total Space Available 16,003 Sqft
  • Floor From 2 To 3
  • Divisible Space No
  • Min Divisible 16,003 Sqft
  • Max Contiguous 16,003 Sqft
  • Lease Rate $65/Sqft/Year
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Christel Engel Is this you?

Colliers International

(212) 716-3567

FREQUENTLY ASKED QUESTIONS

How many office spaces are available at 554 On the Eighth?

There are currently 7 office spaces in this building.

What is the largest space available at 554 On the Eighth?

Currently, the largest rentable space at 554 On the Eighth totals 16,018 square feet.

What is the lease rate of the largest space available?

The monthly lease rate for the largest space available at 554 On the Eighth is $63/Sqft/Year$ per square foot.

What is the total square footage of 554 On the Eighth?

554 On the Eighth totals 325,000 square feet.

When was this property built?

554 On the Eighth was built in 1924.

Garment District Demographics

The average household income in zip code 10018 is $154,895, from a total of 5,095 households. In terms of employment, there are 96.27 % white-collar and 3.73 % blue-collar jobs in zip code 10018.

Population

  • Total Population5,961
  • Male Population(52.6 %) 3,137
  • Female Population(47.4 %) 2,825
  • Median Age35.00

Income/Financial

  • Average Household Income$153,996
  • Median Household Income$98,720
  • Median Income Under 25$61,853
  • Median Income 25-44$121,982
  • Median Income 45-64$103,260
  • Median Income Over 65$39,666

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Colliers International

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