Five Penn Plaza — Lease in New York, NY

• Price: Contact for price
• Listing type: For lease
• Asset type: Office
• Location: New York, NY 10001
• Size: 638,000 SF

Description

Market Context

This office in New York, NY is listed for lease across 638,000 SF. It has been on the market for 113 days. Compare it against other office listings for lease in New York, NY — view the full market.

As of Q1 2026, the New York City Area office market showed average asking rents near $45.36/SF/yr. Source: CBRE Q1 2026 market report.

$3.21/SF/mo – $4.35/SF/mo

Mid: $3.78/SF/mo

Estimated total for 638,000 SF: $2,411,640 per month

Rate estimator only; cost-of-business estimate unavailable.

Contact

• John Albal
• Dirk Hrobsky · +1 (212) 328 4203
• Chris Helgesen · +1 (212) 328-4202

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