Broadway Office for Lease

LISTING DETAILS FOR Broadway Office for Lease

DESCRIPTION

This available office space is Suite 605 East, a south-west corner unit situated on the 6th floor, and offers approximately 3,807 square feet of office space. The space is available for either a three or five-year lease term and can be occupied as soon as possible upon substantial completion of the landlord’s work.

The electricity for this space is sub-metered at 110% of the landlord’s cost, and the water, sewer, and sprinkler system are charged at $50 per month each. The security deposit is yet to be determined, depending on the tenant’s most recent financial statements, upon the landlord’s review.

The Prince Building, also known as 568-578 Broadway, is a Class B office building located in the SoHo district of Midtown South. This 12-story building, designed by George B. Post, was originally a manufacturing facility known as the Havemeyer Building, which was converted into loft-style office and retail space. It was completed in 1897 and features 354,603 square feet of Class B SoHo office space.

This area of the city suffers from a lack of office space inventory, and Midtown South had the lowest vacancy rate among Manhattan’s three submarkets. The building, located at the corner of Broadway and Prince Street, has been a hotspot for tech startups such as Foursquare and 10gen. The online lifestyle publisher Thrillist, another tenant, is also finding the Midtown South market tight.

The Prince Building features various amenities, such as a renovated and attended lobby, 24/7 security, on-site management, fitness center, and an atrium. The office spaces feature 12-foot-high ceilings letting in abundant natural light, and floor sizes average 28,000 square feet. Partial-floor and full-floor offices are available, each floor boasting exposure on two sides.

The asking rent for the office space at the Prince Building is roughly on par with the Midtown South average, which surpassed $80 per square foot in 2019. The building has housed various creative office and retail tenants throughout the years and continues to be a popular and coveted choice for creatives. Current office-using tenants on the building’s roster include Group Nine Media, Paratus Group, SkinCare Lab, Third Man Management Corporation, and Apostle. Retail tenants include Moncler, Forever 21, and an Equinox gym.

Space Features

• The Prince Building at 568-578 Broadway in New York City is a Class B SoHo office building with 354,603 square feet of space across 12 stories.
• The building was designed by George B. Post and completed in 1897 as a manufacturing facility before being converted to loft-style office and retail space.
• Amenities at the Prince Building include a renovated and attended lobby, on-site management, 24/7 security, new passenger and freight elevators, a fitness center, and an atrium.
• Office-using tenants at the Prince Building include Group Nine Media, Paratus Group, SkinCare Lab, Third Man Management Corporation, and Apostle.
• Retail tenants at the Prince Building include Moncler, Forever 21, and an Equinox gym.
• Transportation: Convenient to the B, D, F, M, and 6 trains at the Broadway-Lafayette station
• Rent prices: Roughly on par with the Midtown South average, which surpassed the $80 per square foot mark in 2019.

About SoHo

Soho, a neighborhood in Manhattan, is home to an impressive 12-story office building located at 568-578 Broadway. This building offers various leasing options for small, medium, and large office spaces, and sublease options may be available as well. Although coworking spaces are not available at this location, we can help you find the best coworking deals in the area with no additional fees. The building boasts a Class B rating and over 305,000 square feet of office space. Its construction was completed in 1897, giving it a unique and historic charm.

In 2021 and 2022, the average office rent per square foot on the SoHo Broadway corridor trends at $80 to $82 PSF, respectively. For those commuting to the building, several train lines are readily accessible within walking distance. The Prince Street Station provides access to the N and R lines with just one minute of walking, while the Broadway-Lafayette Street Station is a three-minute walk away and offers access to the B, D, F, and M lines. If you’re looking to access the 4 and 6 lines, the Spring Street Station and Bleecker Street Station are within a five-minute walk. Additionally, the Bowery Station is just an eight-minute walk away and provides access to the J, M, and Z lines.