Class A Midtown Office Space North of 42nd Street
Class A Midtown Office Space
Is your company looking for Class A midtown office space north of 42nd Street? The Tenant Representation firm of Cogent Realty Advisors is ready to assist you with comprehensive market information and no fee service identifying the best spaces and negotiating the optimal lease terms.
Costar, the Commercial Real Estate Information Company
defines Class A office space here →
This admittedly broad definition encompasses hundreds of properties which are competing for your business. To determine which spaces are “best qualified”, Cogent will analyze the following: (1) Budget allocation; (2) Size (RSF) of the premises needed; (3) Preferred location; (4) Operational functionality; and (5) Building infrastructure. Infrastructure requirements may include the necessity of economical 24/7 Tenant-controlled H.V.A.C., high speed/capacity telecom connectivity and other services essential to your business.
Class A Midtown Office Space North of 42nd Street
At the end of Q2 2014, the vacany rate in Class A midtown buildings was 8.8% and the average asking rent had increased to $65.69 PSF. Tenant incentives such as free rent were also diminishing. A sample of spaces and pricing follows.
110 East 59th St. (1968)
Central Park Views
3,460 RSF, Asks $95
1350 Sixth Ave. (1966)
Financial Service Office
3,065 RSF, Asks $70
156 West 56th St. (1988)
CitySpire
3,490 RSF, Asks $63
900 Third Ave. (1983)
New Office
3,356 RSF, Asks $63
515 Madison Avenue (1931)
Art Deco Masterpiece
3,564 RSF, Build-to-suit, Asks $58
400 Madison Avenue (1929, 2014)
Coming soon-Tenant Lounge
3,408 RSF, Asks $70
