One Penn Plaza Office Sublease: 5,396 SF Asking $110 PSF

Looking for a furnished office near Penn Station? This One Penn Plaza office sublease offers 5,396 SF on the partial 20th floor. The sublandlord is asking $110 per square foot annually.

I recently toured the space. It is fully furnished, available immediately and built with a mix of private offices and open seating. The sublease runs through January 16, 2030.

It is also currently the only built space available in the building within this size range.

Inside This Furnished One Penn Plaza Office

Suite 2010 has high end finishes and direct elevator exposure. The layout includes:

• Three private offices
• 14 workstations
• A conference room seating 14
• Two huddle rooms
• Reception
• A pantry with seating

The layout could suit a hedge fund, private equity firm, family office or investment advisory business. Private offices offer space for focused work. Meanwhile, the conference room and huddle rooms support client meetings and team discussions.

Because the suite is already built and furnished, tenants can avoid starting an office buildout from scratch.

For more information, contact us here.

A Built Office in a Limited Size Range

For firms seeking approximately 5,000 to 6,000 SF at PENN 1, this availability deserves attention. It is currently the building’s only built option within this size range.

Tenants can tour the existing office and see how it fits their team. They can also assess the furniture, meeting rooms and seating before planning a move.

The asking rent is $110 PSF annually. Contact us to discuss the full occupancy costs and proposed terms.

One Penn Plaza Renovations

One Penn Plaza, now known as PENN 1, has undergone a major redevelopment by Vornado Realty Trust.

The renovation introduced a lobby with double height ceilings, a grand social staircase and landscaped plazas. Vornado also added tenant lounges and refreshed the retail spaces. Together, these changes create more places to meet, work and take a break.

The exterior received an update as well. Black facade mullions and lighting at the crown give the tower a refreshed appearance.

PENN 1 Amenities

PENN 1’s WorkLife program brings fitness, dining and meeting facilities into the building.

Key amenities include:

• Life Time: A 53,000 SF fitness, wellness and pickleball facility.
• WorkLife Meetings: Approximately 20,000 SF of conference facilities.
• Flexible offices: More than 80,000 SF of adaptable workspace.
• The Landing: A restaurant with private dining rooms.
• Tenant lounges: Spaces for informal meetings and individual work.
• Coffee and dining: Blue Bottle, Office Hours and Blue Ribbon Sushi & Steak.

These facilities can be useful for smaller financial firms. For example, shared conference rooms offer options for meetings that exceed a tenant’s own space.

Amenity fees, memberships and access terms should be confirmed for the incoming subtenant.

Direct Access to Penn Station

PENN 1 offers direct access to Penn Station. Rail connections include the Long Island Rail Road, NJ Transit and Amtrak. Tenants can also reach the 1, 2, 3, A, C and E subway lines.

This location can simplify commuting for employees from Long Island, New Jersey and across New York City. It also makes the office convenient for clients arriving by train.

For firms comparing Midtown Manhattan offices, transportation should be part of the decision.

Tour This One Penn Plaza Office Sublease

This 5,396 SF suite combines furniture, private offices and multiple meeting rooms. It also offers the amenities and transportation access that draw tenants to PENN 1.

I have toured the space and can help you compare it with other available offices.

For more information, contact us here.

Frequently Asked Questions

What is the asking rent?

The sublandlord is asking $110 per square foot annually.

How large is the office?

The suite contains 5,396 SF on the partial 20th floor.

Is the space furnished?

Yes. It includes three private offices, 14 workstations, a conference room and two huddle rooms.

Are similar built spaces available at PENN 1?

This is currently the only built space available in the building within this size range.

When is it available?

The space is available immediately. The sublease expires on January 16, 2030.

Availability, asking rent and terms are subject to change.