Second-generationNew to MarketNoMad · Entire 4th floor, Suite 400
387 Park Avenue South
- Size
- 19,269 SF
- Asking
- $85/SF
- Monthly
- $136,489
Renovated prewar towers north of Madison Square Park, from loft floors to trophy space.
NoMad, north of Madison Square Park between roughly 25th and 30th Street, has become one of Manhattan’s most sought-after office addresses for tech and consumer brands. Hotels, restaurants and renovated prewar towers sit side by side, and the trophy end of the market is here too: 11 East 26th Street asks up to $170 a foot.
It is also home to Nomad’s own office, at 276 Fifth Avenue, so these are the blocks our team walks every day.
Live market
Asking rent
$59–$98per SF per year · typical $84Space sizes
4,400–23,500 SFrentable square feetMonthly asking cost
$22K–$183Kbase 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 NoMad only. Broker commentary updated October 2026.
Available now
Second-generationNew to MarketNoMad · Entire 4th floor, Suite 400
Prebuilt · FurnishedNew to MarketNoMad · Partial 2nd floor, Suite 200
Second-generation · FurnishedNew to MarketNoMad · Entire 6th floor, Suite 600
Prebuilt · FurnishedNew to MarketNoMad · Partial 11th floor, Suite 1103
PrebuiltNoMad · Floors 3–4
Second-generationComing SoonNoMad · Entire 26th floor
Compare
| NoMad | Flatiron | |
|---|---|---|
| Asking rent per SF | $59–$98 | $56–$130 |
| Typical asking per SF | $84 | $90 |
| Space sizes | 4,400–23,500 SF | 4,000–26,600 SF |
| Monthly asking cost | $22K–$183K | $24K–$246K |
| 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
NoMad gives teams more choice than almost anywhere in Midtown South right now, from move-in-ready prebuilts to full floors in renovated prewar buildings. For a team that wants a Madison Square Park address without a trophy-tower rent, it’s usually one of the first places we look.
Megan Gallagher, Director · Updated October 2026
Market context
Sierra, an AI company, signed 94,145 SF at 11 East 26th Street in spring 2026.
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 NoMad currently run $59–$98 per square foot per year, with a typical asking rent of about $84. For a full space that’s roughly $22K–$183K 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 NoMad range from about 4,400 to 23,500 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 NoMad (about $84/SF) are slightly lower than Flatiron (about $90/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.
North of Madison Square Park, roughly 25th to 30th Street between Sixth and Lexington Avenues. Nomad’s own office is here, at 276 Fifth Avenue.
About a 10-minute walk from Broadway and 28th Street. Herald Square’s subway and PATH connections are a few blocks north.
AI company Sierra signed 94,145 SF at 11 East 26th Street in 2026. Nomad has moved MUBI and ToltIQ into the neighborhood, and moved Small Door here from its first headquarters in Chelsea.
Getting there
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