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550 8th Ave

Garment District, New York, NY

About 550 8th Ave

The colossal office and retail building formerly known as the American Union Bank Building is found at 540-552 8th Avenue, and is also known as 265-269 W 37th Street. The 22-story high-rise was constructed in 1925, and has 133,604 square feet of retail and office space available for rent in the Garment District of New York City.

This creative/loft property has light and bright office space, with excellent natural light from plentiful oversized windows. Much of the office space has open floor plans. High exposed ceilings and polished concrete floors define much of the space, although offices vary in their respective appointments. Tenants enjoy city landscapes, with some water views, from the workspace.

Retail space encompasses the lower three floors. The ground floor retail units have a total of 98 feet of frontage, with excellent storefront glass and remarkable one-story high signage. Floors two and three contain wide frontage windows as well, with both window and blade signage opportunities. Located in the Garment District, both retail and office tenants are largely fashion, textile, and retail clothing interests.

This corner building sits at the intersection of 37th and 8th. The stylish granite and tile entrance on West 37th leads to an elegant lobby with soft, natural tones of granite and marble. An attended concierge desk sits beneath a striking modern art painting. Tenants enjoy 24/7 access to this building.

The attractive white stone base of the office tower is decorated with high-relief terra cotta panels and a cornice above the third floor. The dark brown brick of the office tower is unadorned until the very top stories, where the architect let loose with white pillars, arched brickwork around windows, and ornately adorned cascading setbacks. The building is an attractive destination for fashion interests as well as other businesses.

Internet Providers for 550 8th Ave

Provider Technology Max Download Speed Max Upload Speed
Lightower Fiber
10 Gb/s
10 Gb/s
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
Stealth Communications Fiber
10 Gb/s
10 Gb/s
RCN Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s

The Neighborhood: Garment District

The typical asking rate per listing is in the $50's per square foot per year. The Garment District submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the New York City market, the Garment District region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
Garment District $59
/sqft/yr
2,500
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,310
sqft

Median Rate over Time in Garment District