Terminal 5 used to be a nightclub, a huge warehouse-like affair with a slightly underground rave-ish feel. It retains the same aura as a concert venue. It has an impressive capacity and works best with big performances. It has a bit of that special stadium atmosphere without actually being a stadium: crowded, wild and electric.
Add to the mix: good sound, general cleanliness, reasonable admission prices, and affordable beer. The place is well-organized and quite easy to navigate, and you can always ask the staff for help. The walk from the Columbus Circle subway station takes some time, but a Midtown location has its upsides: it shouldn’t be a problem to find a bar or a restaurant for a pre-concert drink or dinner.
All in all, a great place to see your favorite band, especially if you want the unruly and slightly gritty rock-out experience.