1001 Avenue of the Americas is the premier retail space in the Garment District. This 25-story building is under stable long-term ownership and boasts features including three full sides of windows offering abundant natural light, multiple fiber providers, tenant-controlled A/C, and 24/7/365 building access. The building has excellent retail co-tenants Aux Merveilleux de Fred and German Doner Kebab. The availability features spectacular high ceiling and expansive glass frontage. The retail spaces come in white box condition with ceilings heights ranging from 18-feet on the ground level and 14-feet on the lower level.
Connectivity is at the heart of 1001 Avenue of the Americas. Travel around Manhattan and beyond is a breeze with access to the N, Q, R, W, B, D, F, M, and 7 trains. Situated on West 37th Street's northwest corner, tenants enjoy walking distance convenience to the Long Island Railroad and 15 subway lines accessible at Times Square, 34th Street/Herald Square, Penn Station, and Bryant Park. The building is also walkable to Grand Central Terminal and the Port Authority Bus Terminal. The surrounding neighborhood offers proximity to ample food and drink venues and access to plenty of off-site amenities and experiences. Directly across the street is Chick-fil-A with neighborhood tenants Shake Shack, CAVA, Macy’s, and Sweet Green.
Situated in the Penn Plaza/Garment Retail Submarket, 1001 Avenue of the Americas is part of an essential retail submarket in Manhattan. The submarket is home to some of New York City's most prominent landmarks, which should still attract retailers and eateries. Madison Square Garden, Herald Square, the Vessel at Hudson Yards, and Bryant Park all typically see tens of thousands of tourists, residents, and workers daily. According to city officials, about 64.5 million visitors are anticipated by year-end. This rise in foot traffic is also supported by improvements in hotel occupancy levels, office utilization rates, and hiring across the leisure and hospitality sectors. With foot traffic improving, tenants in the apparel, food, and beverage sectors have leased a bevy of retail spaces below 5,000 SF in the Penn Plaza Submarket.
New York City’s economy also bodes well for retailers in the area. New York is widely regarded as the financial capital of the U.S., with influential financial institutions such as JPMorgan Chase, Goldman Sachs, Citigroup, and Morgan Stanley headquartered in the Big Apple. According to Oxford Economics, this financial presence has contributed to a GDP of more than $2 trillion, which is the largest in the world. Major tech firms with a sizable presence include Google, Amazon, Twitter, Meta, and Spotify. Driven by its bevy of sights and attractions, visitor foot traffic continues to trend upward, providing New York City's retail, dining, and hospitality sectors with a much-needed boost. New York is forecast to shatter its pre-pandemic visitation record of 65 million visitors in 2025.
ities and experiences.