Named for its position as a meeting point between a large number of roadways, Union Square in Midtown South has also gathered a wide variety of individuals, directly resulting in the neighborhood’s energetic charm. The submarket’s nexus is the public park home to several attractions and landmarks, and a place that has become a center for political and social activism. In recent years, the neighborhood has also become an appealing destination for companies looking for transit-oriented, high-quality creative office space.
Union Square, with its open design and large lots, can accommodate large office and retail buildings. Properties like the Zeckendorf Towers, One Union Square South, and the Union Building offer commercial real estate in a popular, bustling neighborhood. Low-rise listings like the Roosevelt Building and the Decker Building offer a Union Square address on a smaller scale.
Office-using tenants in the area include Avrett Free Ginsberg, Chase Bank, the Union Square West Condo Association, UltraLinq Healthcare Solutions, the Society of Publication Designers, BuildingLink, and Silverline, among others.
Office asking rents in the Union Square area are roughly on par with the overall rents commanded in Midtown South, in the high-$70s per square foot. The market is home to a large array of office-friendly fixtures and a plethora of dining and shopping destinations, making it an appealing choice for small- and mid-sized companies across various industries.
The park at Union Square is so named because it was placed at the union of so many major roadways. Bordered by 14th Street and 17th Street on the South and North ends, Union Square is located at the meeting of 4th Avenue and Broadway. It also connects Park Avenue to Broadway at its Eastern boundary, Union Square East. It is one of the major transportation hubs in the city. Access is available to the 4, 5, 6, N, R, Q and L subway lines. With so many routes meeting at Union Square, no neighborhood is quicker or easier to reach.