1450 Broadway: Office Space for Lease

What is available in the building right now

Two floors are on the market here through us, and the larger is the biggest single plate we hold anywhere in Bryant Park. The entire fourth floor measures 17,296 square feet at $65 per square foot per year, which is $1,124,240 annually and about $93,687 a month before electricity. At the 175 square feet per person we plan against, it seats roughly 99 people; a denser open plan takes about 124, and private offices settle closer to 77.

• Floor: entire 4th, 17,296 sq ft
• Asking rent: $65 per square foot per year
• Approximate monthly: $93,687
• Seats about: 99 people at 175 sq ft each

The other availability we hold here is the entire 40th, 4,109 square feet at $95 per square foot per year, about $32,530 a month and roughly 23 desks, so a team needing far less than 17,296 square feet has a second option in the same lobby. Anything between the two sizes is better served by the other Bryant Park floors on our book. The fourth floor carries hardwood floors, and no floor plan is published, so we ask the landlord's agent for the current one and the measurement before a tour.

What $65 a foot means here

Bryant Park runs $65 to $125 per square foot across the four floors we hold, around a median of $96, and this one sits at the bottom. It prices roughly 32% under the submarket median and ten dollars under the $75 citywide median across our New York book, an unusual place for a Bryant Park floor when the submarket as a whole asks about 27% above that citywide figure.

Total dollars decide more than dollars per foot. The entire 26th at 1700 Broadway asks $79 on 13,266 square feet in Midtown, about $87,335 a month, so this floor buys 30% more room for roughly 7% more annual rent. A near-identical plate sits fifteen blocks south for less, the 12th floor penthouse at 151 West 26th Street in Chelsea at $56, about $82,180 a month, and that $11,500 gap measures what the Bryant Park address costs.

The honest read is that the floor prices low for Bryant Park and below the middle of the city, and a low asking rent in a strong submarket usually has a reason behind it: condition, a low floor, an awkward layout, or an owner who wants one tenant on the whole plate quickly. Taking rent settles the deal rather than asking rent, and $65 with no concessions can cost more across five years than $79 with free months and a real allowance.

The submarket around the building

Transit is the B/D/F/M, 7 and N/Q/R/W at 42nd, with Grand Central and Times Square both a short walk, which matters to a company hiring across the boroughs and the suburbs. The building itself offers a redesigned lobby, upgraded systems and 24/7 concierge service. What surrounds the entrance, and how the walk from the train feels, is worth seeing in person rather than reading here.

Bryant Park is trophy and Class A tower stock wrapped around the park, so tenants who land here tend to be companies that want an address a client recognizes, and on this plate a hundred desks on one level with their own elevator lobby.

Our book holds four Bryant Park floors, 4,109 to 17,296 square feet, 23 to 99 desks, priced $65 to $125, and every one of them publishes a rent. Midtown, Grand Central and Penn Plaza sit alongside, and we show floors across all of them when size rather than the address is the constraint.

How to evaluate this floor properly

A tour should settle four things: the condition the floor is genuinely in, how the plate divides against your headcount, what the light and the noise are like at the hour you would be working, and who occupies the rest of the building. Bring the seating plan you intend to use, because 17,296 square feet reads very differently to ninety-nine open-plan desks than to a forty-person firm that wants offices.

Ask for the rentable versus usable measurement in writing. The 17,296 is a rentable figure, and the usable area a carpet plan can hold will be smaller by the building's loss factor. A full-floor tenancy normally carries a lighter loss factor than a floor split among tenants, but only a test fit tells you whether 99 desks sit the way you want.

The $65 buys occupancy and nothing beyond it. Electricity is typically billed on top at $2 to $4 per square foot a year, roughly $2,900 to $5,800 a month on a floor this size, with cleaning, after-hours HVAC, the tax escalation base year and the porter wage formula in the same conversation. Free rent, the improvement allowance, the escalation cap, security, the good guy guarantee and the restoration obligation move the real number. On a plate this size the allowance is the largest figure in the deal, and an owner filling 17,296 square feet with one tenant has reason to fund it.

How Nomad works on this one

We represent tenants only. Because we do not list space for landlords, no version of this transaction pays us to defend the asking rent, and the $65 on the fourth floor and the $95 on the fortieth are the numbers we were given, not ones we are selling.

On this floor that means arranging the tour, pulling the current plan and measurement, running a test fit against your headcount, and carrying the letter of intent and the lease to signature. Having delivered 300+ office buildouts across more than two million square feet in New York, we can price the work this floor needs while who pays for it is still open.