FLATIRON OffICE SPACE & LOFT SPACE FOR RENT
Rent Office or Loft Space in a Neighborhood Humming with Youthful Energy and the Newest of the New
In 1902 the Flatiron Building opened. Never the tallest building in New York, it was nonetheless the most famous. Triangular and freestanding, it was to all the world the symbol of the modern age and the new century. Today we may love the building because it is old-fashioned, but the Flatiron District still hums with creativity and the newest of the new.
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Almost all of the buildings in the Flatiron District are older Class B and Class C office buildings, including many loft buildings that have been beautifully retrofitted to high-tech uses. In the 1990s the district was known as "Silicon Alley," the national leader in content production for the World Wide Web. Online companies still flock to the area. Many of these are youthful, entrepreneurial firms thrive in casual surroundings. Nothing fits the bill for a high-tech start-up like a Flatiron District loft. Architecture, design, public relations, advertising, publishing, and other creative industries thrive here.
In the early 20th century, Union Square and Madison Square were major office building centers. The MetLife Tower, built in 1909, was the world's tallest building. MetLife and New York Life, two of the biggest insurance companies in the world, squared off only a block from each other on the east side of Madison Square. Both companies remain powerful presences in the district.
Earlier, both Union Square and Madison Square had been fashionable residential districts. But by the mid-20th century, what we call the Flatiron District had become a dull backwater of warehouses, jobbers, and import-export firms, seldom visited by outsiders.
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The area benefitted from two things. As Greenwich Village became more and more expensive as a place to live, areas to its north, such as Union Square, became sought-after addresses. Then, in the 1980s, as Midtown office rents soared, companies began moving south, to Madison Square and Union Square. Credit Suisse First Boston, one of the world's major financial services firms, took over the gigantic office building at 11 Madison Avenue, once part of MetLife, in one of the decade's largest office building leases. The company joined in the public-private partnership to refurbish Madison Square, which is now one of the loveliest places in New York—Midtown South’s answer to Bryant Park.
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Meanwhile, Union Square has become the epicenter of the city's youthful energy. A driving force has been the city-operated Greenmarket, one of the most famous farmer's markets in America, which led to a boom in area restaurants, such that the Flatiron District may be the city's leading district for fine dining. Danny Meyer’s restaurant empire—Union Square Café, Gramercy Tavern, Shake Shack, Tabla, and Eleven Madison Park—took shape entirely in the Flatiron District. Soon, Whole Foods Market and Trader Joe's arrived, along with countless upscale stores, bars, cafés, theaters, and the large mixed-use Zeckendorf Towers development on the east side of Union Square.
Union Square is one of the three or four largest subway hubs in the city. The 4, 5, 6, R, N, W, and L trains all stop there. The F, V, 1, 2, and 3 all stop at Sixth Avenue. Many of the same trains stop at 23rd Street near Madison Square. Few parts of New York enjoy such excellent service.
The Flatiron District possesses an energy and creativity that are unique even in New York.
Featured Properties
2,000 SF or Division to 1,800 SF
$7,166 for 2,000 SF or $6,450 for 1,800 SF
87-89 Fifth Avenue
Gramercy Park
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