As the iconic site of one of the most popular Christmas sights in the U.S., the Rockefeller Center and its neighboring Sixth Avenue surrounding is one of the most visible and competitive office submarkets in Midtown Manhattan.
The Center itself occupies a 22-acre plot of land between 48th and 51st streets, consisting of 19 commercial buildings—14 of which are listed on the National Register of Historic Places— with a total of 17 million square feet of office space available. Factoring in the buildings around the center, the submarket’s inventory edges closer to the 40 million-mark. The area’s quality office space and wide variety of vanity addresses has kept vacancy low, hovering just above 8 percent.
Sixth Avenue/Rockefeller Center boasts several of Midtown’s most iconic office properties, chief among which is 30 Rockefeller Plaza, or 30 Rock. The 66-story skyscraper offers 2 million square feet of space and is home to the NBC headquarters. After undergoing a $170 million renovation in 2014, the asset added a new lounge and up-to-date facilities and features.
The product of one of America’s wealthiest families, the development is home to a number of staple New York attractions such as the Rockefeller Center Christmas tree, its Art Deco and International-style skyscrapers and art, as well as the site of several iconic television and radio broadcasts. Rockefeller Center and its surroundings are loaded with amenities. A broad offering of dining options is available in the center’s underground concourse, as well as its more upscale offerings near Fifth Avenue. The area is also home to a large number of hotels, meaning business travelers can easily access offices and workspaces.
Sixth Avenue/Rockefeller Center is served by the Sixth Avenue subway–the F, V, B, and D trains. At Rockefeller Center, the subway station opens right into the vast underground concourse that connects all the center’s buildings. It is perfect for rainy day commuting. The area is also easily accessible by the Eighth Avenue and Lexington Avenue subways.