Working in Penn Plaza has many positive attributes, most notably its location to the central transportation hub for New York City. Penn Station, located beneath Penn Plaza and Madison Square Garden, is the terminal for the Long Island Railroad, NJ Transit and PATH trains to New Jersey.
With entertainment, retail shopping, restaurants and hotels surrounding this area – it is a daily destination for business people and tourists alike. Penn Plaza is always busy during the week and whenever there are events at Madison Square Garden. Shoppers are always at Macy’s, Manhattan Mall and the surrounding retailers.
Penn Plaza covers the area from West 30th Street to West 42nd Street and from Fifth Avenue to Eleventh Avenue.
Class A office space is priced from $34/sf to $55/sf, $27/sf to $53/sf for Class B space and $28/sf to $50/sf for Class C office space.
In addition to the major transit options listed above, subways available in the Penn Plaza area include the A, C, E and 1, 2, 3 trains.