Innovative Office Space at 345 Park Avenue South, Manhattan (2024)

  • New York City
  • Manhattan
  • Midtown South
  • Park Avenue/Madison Square
  • Gramercy Park

Innovative Office Space at 345 Park Avenue South, Manhattan (1)

Image via Google Street View

Total Floors: 12

Available: 11,646-27,075 SF

Inquire for Pricing

Call1 (212) 444-2241

Address: 345 Park Avenue South Class: A
Cross Streets: Park Avenue South & Lexington Avenue Size: 300,000 SF
Year built: 1912 Architect: William H. Whittal

Deerfield’s life sciences office campus at 345 Park Avenue South is one of Midtown South‘s most innovative new projects. The building was originally completed in 1912 and designed by William H. Whittal. It was once known as the Armory Building.

In 2021, Deerfield invested in a full-scale renovation at 345 Park Avenue South, transforming the property into a state-of-the-art office and life sciences hub. Dubbed CURE., the Class A building is a highly appealing destination for businesses in the life sciences, healthcare, or biotech industries, providing best-in-class amenities in an unrivaled Manhattan location.

300 KSF of Class A Gramercy Park Office Space

The 12-story building at 345 Park Avenue South offers 300,000 square feet of Class A Gramercy Park office space, lab space, and ground-floor retail space. Owned by Deerfield and managed by RFR Realty, the property was fully renovated in 2021 and transformed into a premier life sciences hub in the heart of Midtown South.

CURE. now offers move-in ready lab space, engineering and computing space, Class A, flexible office space, and a plethora of amenities. Floorplates range from 25,750 to 27,400 square feet, and all floors are lab-ready and cabled for digital health applications, supporting dry and wet lab space and clinic space. Spaces are flexible and can accommodate wet labs, dry labs, workplace zones for medical device testing, lecture spaces, and private prototype studios for focused individual work.

Tenant-exclusive amenities at 345 Park Avenue South include a rooftop terrace with flexible event space and exquisite views of Manhattan; a lounge club and kitchen; a renovated lobby; a fitness center; an exclusive wine cellar; state-of-the-art conference center; conference rooms and huddle spaces; and fully furnished workspaces.

Getting to and from 345 Park Avenue South

345 Park Avenue South is conveniently located in the heart of Silicon Alley, Manhattan’s central tech hub, close to the Flatiron District and Madison Square Park. Those working in the building have easy access to various public transportation options nearby and numerous upscale restaurants, coffee shops, parks, and retailers.

Who is renting office space at 345 Park Avenue South?

345 Park Avenue South is currently home to Deerfield, ProTara Therapeutics, Test Now and Go, Bank of America Financial Center, Helaina, and the Upland restaurant on the ground floor. There are currently several move-in-ready office/lab spaces available in the building, ranging in size from 10,900 to 27,000 square feet.

How much is the rent price for office space at 345 Park Avenue South?

According to The Real Deal, office and lab space at 345 Park Avenue South comes at a premium. Current tenant ProTara Therapeutics pays $109 per square foot for a 10,252-square-foot space, while Helaina pays $122 for a 15,783-square-foot space. Based on current tenant information, base rents at 345 Park Avenue South start at $76 per square foot but can go much higher depending on the lease terms.

Available Space

Interested in office space at 345 Park Avenue South for Rent?
Contact us today.

Building Location & Nearby Public Transportation

Nearby Transportation

Subway

28th Street (16NR) - 4 minutes Walk23rd Street (16ABCDEFMNQR) - 2 minutes Walk33rd Street (6) - 8 minutes Walk

Bus

East 23rd Street & Madison Avenue - 5 minutes WalkEast 23rd Street & Broadway - 5 minutes WalkEast 23rd Street & Lexington Avenue - 4 minutes Walk5th Avenue & West 26th Street - 6 minutes WalkMadison Avenue & East 29th Street - 5 minutes WalkMadison Avenue & East 25th Street - 3 minutes Walk

Important Information

Listings are presented for illustrative purposes only; they may no longer beavailable and are provided merely as an exemplary representation of the types ofspaces in a given neighborhood for a given price.

Innovative Office Space at 345 Park Avenue South, Manhattan (2) Innovative Office Space at 345 Park Avenue South, Manhattan (3) Innovative Office Space at 345 Park Avenue South, Manhattan (4)

Midtown South

Midtown South Manhattan Office Space for Rent Guide Midtown South may be compact in size. But with roughly 70 million square feet of office space in some of Manhattan’s trendiest neighborhoods, you have some of the best of New York City office space at your fingertips, no matter your needs. Midtown South consists of the…

Learnmore aboutMidtown South

Nearby Office Rentals

3D153 West 27th Street, #300Midtown SouthChelsea $7,099/month1,936 SFDirectLoft
3D315 Fifth Avenue, #901-Empire State Building ViewsMidtown ManhattanMurray Hill $11,458/month3,125 SFDirectLoft
West 20th Office Loft Rental with SkylightMidtown SouthChelsea $6,402/month1,302 SFDirectLoft
Office Rental at 231 Madison Avenue, Corner OfficeMidtown ManhattanMurray Hill $8,822/month2,406 SFDirectOffice
Flatiron Offices Rentals at 36 West 20th StreetMidtown SouthFlatiron $7,710/month2,056 SFDirectLoft
419 Park Avenue South, Full Floor with Sweeping Manhattan ViewsMidtown ManhattanPark Avenue $30,000/month8,000 SFDirectLoft
215 Park Avenue South Commercial Loft Rental, Near Union SquareMidtown ManhattanPark Avenue $7,562/month1,396 SFDirectLoft
226 Fifth Avenue, Full Floor, Boutique Fifth Avenue Building, GramercyMidtown ManhattanPark Avenue $6,808/month2,150 SFDirectOffice
West 27th Street, Partial 11th Floor, Near Penn StationMidtown ManhattanPenn Station $5,716/month1,400 SFDirectLoft

Nearby Office Buildings

245 Fifth Avenue Office Space for LeaseMidtown SouthGramercy Park
315 Park Avenue South Office Space for LeaseMidtown SouthGramercy Park
345 Park Avenue South Office Space for RentMidtown SouthGramercy Park
63 Madison Avenue Office Space for LeaseMidtown SouthGramercy Park
360 Park Avenue South Office Space for LeaseMidtown SouthGramercy Park
380 Second Avenue Office Space for LeaseMidtown SouthGramercy Park
41 Madison Avenue, Forty One Madison Office SpaceMidtown SouthGramercy Park
915 Broadway Office Space for LeaseMidtown SouthGramercy Park
419 Park Avenue South Office Space for LeaseMidtown SouthGramercy Park
261 Fifth Avenue Office Space for LeaseMidtown SouthGramercy Park

Your Message was Sent Succesfully!

One of our colleagues will get in touch with you as soon as possible!

Schedule a Tour

Choose a convenient date for your tour and we will contact you shortly!

    Innovative Office Space at 345 Park Avenue South, Manhattan (2024)

    FAQs

    Who owns 345 Park? ›

    In 2024, the owner Rudin Management announced that it would build a fitness center and restaurants for the building's workers.

    How many square feet is 345 Park Avenue? ›

    To navigate, press the arrow keys. 1,900,000 sq. ft.

    How much office space does Manhattan have? ›

    Manhattan houses more than 463 million square feet of office space, the majority of which is in Midtown.

    Is Blackstone nears deal to expand NYC office space on Park Avenue? ›

    The money manager's total leased space would increase to 1.06 million square feet at Rudin's 345 Park Ave., according to a person familiar with the matter. The deal would also extend Blackstone's lease at the skyscraper through the end of 2034, the person said, asking not to be named citing private discussions.

    Is Blackstone expanding its headquarters in Midtown Manhattan? ›

    Blackstone, which has grown its workforce to more than 4,700 employees, will have an overall Manhattan office footprint of close to 1.4M SF with the new deal at 345 Park Avenue. The firm also occupies 330K SF at 601 Lexington Avenue, where it added 200K SF in one of the largest leases of 2022.

    Who owns 345 Hudson Street? ›

    Owned by Trinity Real Estate and managed by Hines, the building was renovated in 2010. It also boasts LEED Gold certification from the USGBC for its energy-efficient features.

    How much is a WeWork desk in Manhattan? ›

    WeWork Pricing:
    Space TypePrice
    Day Rental$50/ day
    Dedicated Desk$400-$500/ month
    Single Private Office$1,400-$2,100/ month
    Team Room (for 10)$9,000-$12,000/ month

    What is the most expensive coworking space in NYC? ›

    Most Expensive Coworking Space NYC – Neuehouse

    By a huge margin, the most expensive coworking space in NYC is Neuehouse. This elite, luxury shared office space has a starting price of $595 per month for open coworking and some members pay more than $3,600 per month for a private office.

    Who owns most land in Manhattan? ›

    Columbia University is the largest private landowner in New York City. The school's 320 properties are valued at almost $4 billion, and it pays very little in property taxes thanks to an exemption written into the state constitution 200 years ago.

    How much is rent for commercial space in Manhattan? ›

    The average asking rent for Class A office space in Midtown Manhattan was 82.74 U.S. dollars per square foot in the first quarter of 2024. It was above the Manhattan average of 80.38 U.S. dollars, but below that of Midtown South, which was the most expensive district at 103.42 U.S. dollars per square foot.

    Who owns the most apartment buildings in New York City? ›

    Columbia University is the largest owner in New York City by the number of locations and manages over 5000 apartments across 150 residential buildings.

    Who owns 345 California Street? ›

    Metropolis Investment Holdings Inc.

    Who owns City Park in New Orleans? ›

    Although it is an urban park whose land is owned by the City of New Orleans, it is administered by the City Park Improvement Association, an arm of state government, not by the New Orleans Parks and Parkways Department.

    Who owns Parks of Hamilton? ›

    The company is wholly owned by Douglas Park who founded the business in 1971 as a small, three-coach operation. Park's expanded into the Motor Trade in 1977 with a Datsun franchise in Hamilton and added a second in Strathaven one year later.

    Who owns Central Park building? ›

    In addition, the Hard Rock Cafe and Broadway Dance Center occupied the structure at 221 West 57th Street before that building was purchased by Central Park Tower's developer, the Extell Development Company, in 2006.

    References

    Top Articles
    Latest Posts
    Article information

    Author: Tuan Roob DDS

    Last Updated:

    Views: 5938

    Rating: 4.1 / 5 (42 voted)

    Reviews: 89% of readers found this page helpful

    Author information

    Name: Tuan Roob DDS

    Birthday: 1999-11-20

    Address: Suite 592 642 Pfannerstill Island, South Keila, LA 74970-3076

    Phone: +9617721773649

    Job: Marketing Producer

    Hobby: Skydiving, Flag Football, Knitting, Running, Lego building, Hunting, Juggling

    Introduction: My name is Tuan Roob DDS, I am a friendly, good, energetic, faithful, fantastic, gentle, enchanting person who loves writing and wants to share my knowledge and understanding with you.