520 Broadway: Office Space for Lease

The one floor available right now

One space sits on our book at 520 Broadway, a whole floor rather than a partial, so no neighbor shares the landing.

• Entire 10th Floor, 5,539 square feet, asking $125 per square foot per year. That is $692,375 annually and roughly $57,698 a month before electricity, and it seats about 32 people at the 175 square feet per person we plan to, which leaves room for meeting rooms and a pantry rather than desks pushed to the wall. A denser open plan takes 40; private offices bring it nearer 25.

The floor is a new high-end prebuild delivering in the first quarter of 2027, with three sides of light, and we hold a floor plan and our own photography, so a team can test its headcount against a real layout before touring. Across 32 desks the monthly comes to about $1,803 a seat.

What $125 means against the market

SoHo asks more than the rest of our book: the nine floors we represent here run $68 to $125 per square foot per year, and the submarket median sits about 31% above the $75 citywide median across our availability. This floor sets the top of that range, asking about 28% above the SoHo median of $98 and about 67% above the citywide number.

Size explains part of the spread, though not this floor. The cheapest availability here is also by far the largest, 27,344 square feet at One Soho Square asking $68, and a block that size discounts per foot everywhere in Manhattan. Against the boutique floors a 25 to 40 person company would shortlist, the picture tightens: $78 at 6 Greene Street, $85 at 540 Broadway, $95 at 110 Greene Street, $98 at 50 Greene Street, $110 at 104-110 Greene Street, $120 at 60 Charlton Street and $125 both here and at the 503-511 Broadway penthouse. The median of that group is $104, so this floor carries a 20% premium over its own peers.

Our honest read is that it prices high, and deliberately. A prebuild is the landlord spending his own money on the fit-out, so the real comparison is $125 against $98 plus the amortized cost of building the same quality yourself. That works for a team that wants a finished floor and a 2027 start.

The submarket around the building

Broadway is one of the three spines of the cast-iron district, with Greene and Mercer alongside it, and the trains reach all of it: N/Q/R/W, 6, A/C/E, B/D/F/M, six lines inside a five-minute walk, so hiring here rarely stalls on the commute.

Companies that choose SoHo tend to be brand-led, fashion and design and consumer businesses that treat the address as part of the pitch, joined lately by AI startups whose founders live downtown. Landmarked nineteenth-century lofts with twelve-foot-plus ceilings and timber columns do something a Midtown tower cannot, at the cost of quirky floor plates.

Within a short walk our book also holds whole floors at 540 Broadway (6,350 square feet) and 6 Greene Street (4,900), a partial floor at 60 Charlton Street (5,003) and the smallest floor we carry here at 110 Greene Street (3,750). NoHo, Hudson Square and Tribeca sit adjacent, and a search that cannot carry $125 should cross one of those borders.

How to evaluate this floor, and what really sets the cost

A tour earns its keep only if it settles what the listing cannot, and this floor is unfinished today, so the questions are about specification rather than finishes on the wall. Get the plan, the finish schedule and the delivery date in writing, establish what the landlord will still change while the work is on paper, and ask about electrical capacity, pantry plumbing, HVAC zoning and overtime air. Walk all three exposures at the hour your team works.

Treat 5,539 as rentable rather than usable. Manhattan loss factors typically run 15-25%, so real area lands near 4,150 to 4,700 square feet once core, corridors and restrooms come out, and the desk count belongs against that number.

Base rent covers occupancy and, in most Manhattan leases, cleaning of the office areas. Electricity is separate at $2 to $4 per square foot per year, about $920 to $1,850 a month here, with internet, insurance, overtime HVAC and the tax and operating escalations on top.

Blended rent across the term decides real cost. An unnegotiated 3% escalation turns $125 into about $141 by year five and averages near $132 across those five years, while three months free on a sixty-month term takes roughly 5% off. The landlord has already spent the improvement money, so little allowance is left to win and the argument moves to free rent, the escalation cap, the security amount and its form, and renewal options. The delivery gap needs its own language: rent commencement tied to actual delivery, an outside date with a remedy, and holdover exposure in your current space priced before you sign.

How Nomad works on this floor

We represent tenants and never landlords, so there is no version of this where we sit on both sides of the table at 520 Broadway. The rent, size and monthly are published because a withheld number is usually one about to be marked up.

Getting you in front of the floor and the plan is usually a matter of days, and we walk the SoHo comparables on the same trip so $125 gets judged against something. With 300+ buildouts delivered across New York, the specification questions get answered by the team negotiating the lease.