PrebuiltNew to MarketFlatiron · Entire 7th floor
111 Fifth Avenue
- Size
- 19,500 SF
- Asking
- $89/SF
- Monthly
- $144,625
Prewar lofts on Unicorn Lane, the heart of New York’s growth-stage tech.
Flatiron is the center of gravity for New York’s growth-stage tech. The district runs roughly from 14th to 23rd Street around Fifth Avenue and Broadway, and its prewar loft buildings, with big windows, high ceilings and open floors, are why companies keep landing here.
It sits on Unicorn Lane, the Broadway corridor where most of Manhattan’s AI and venture-backed leasing has concentrated this year. Well-built floors don’t sit long, so it pays to know which buildings fit before you tour.
Live market
Asking rent
$56–$130per SF per year · typical $90Space sizes
4,000–26,600 SFrentable square feetMonthly asking cost
$24K–$246Kbase rent, before escalations, taxes and operating expensesLease type
Mostly direct, some subleaseFurnished options · Some available nowMarket data updated automatically from Nomad’s live inventory · Updated October 4, 2026. Based on Nomad’s live Manhattan inventory and recent market activity. Asking figures; actual deal terms vary. Counts Nomad listings in Flatiron only. Broker commentary updated October 2026.
Available now
PrebuiltNew to MarketFlatiron · Entire 7th floor
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Custom buildFlatiron · Entire 3rd floor, Suite 300
Prebuilt · FurnishedComing SoonFlatiron · Floors 16–17
PrebuiltFlatiron · Entire 14th floor
Compare
| Flatiron | NoMad | |
|---|---|---|
| Asking rent per SF | $56–$130 | $59–$98 |
| Typical asking per SF | $90 | $84 |
| Space sizes | 4,000–26,600 SF | 4,400–23,500 SF |
| Monthly asking cost | $24K–$246K | $22K–$183K |
| Lease type | Mostly direct, some sublease | Mostly direct, some sublease |
Both columns from Nomad’s live inventory in each neighborhood, asking figures.
From the broker
Flatiron still works best for growing tech and consumer teams because within a few blocks you can find everything from a furnished sublease for a small team to a full-floor headquarters. The biggest difference between two similar floors usually isn’t the asking rent; it’s how much work the landlord will do and how quickly the space can actually be delivered.
Matthew DeRose, Co-Founder & CEO · Updated October 2026
Market context
Adyen signed 90,000 SF at 111 and 115 Fifth Avenue in April 2026, and Synthesia took 50,000 SF in the Flatiron. Close to 70% of Manhattan’s AI leasing this year landed in this Midtown South orbit.
Source: Manhattan Office Market Report, Q2 2026. Asking rents are quoted rates, not averages, unless stated.
Questions
Asking rents for the spaces Nomad is showing in Flatiron currently run $56–$130 per square foot per year, with a typical asking rent of about $90. For a full space that’s roughly $24K–$246K a month in base rent, before escalations, taxes and operating expenses. Final terms depend on the building, the condition of the space and the lease length.
Listings Nomad is showing in Flatiron range from about 4,000 to 26,600 rentable square feet, mostly direct leases, with some subleases. Most of what fits a growing team never reaches a listing site, so a Nomad Space Book also covers off-market options.
Right now, typical asking rents in Flatiron (about $90/SF) are slightly higher than NoMad (about $84/SF), based on Nomad’s live inventory in both. The gap depends on building class and condition, so comparing specific floors matters more than neighborhood averages.
Yes. Nomad’s current listings include furnished options and subleases. A furnished sublease can get a team in quickly, usually for the rest of the existing tenant’s term.
About a mile. The R and W run from 23rd Street to 34th Street–Herald Square in two stops, a short walk from Penn Station. The F and M from 23rd Street and Sixth Avenue go there too, and PATH runs along Sixth Avenue.
Growth-stage tech and consumer companies, especially in AI, fintech and health. Adyen leased 90,000 SF at 111 and 115 Fifth Avenue this year and Synthesia took 50,000 SF. Nomad has moved companies including Instant, Authentic and Redesign Health here.
Getting there
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