Renting a 7th Avenue Office near Penn Station
Renting a 7th Avenue office
near Penn Station
Renting a 7th Avenue office near Penn Station is usually motivated by these factors:
(1) the proximity to Penn Station transportation;
(2) reasonable rents in high quality “Avenue” buildings;
(3) the need to have a showroom or office with a “Fashion Avenue” address.
The Fashion industry is
well-represented in
7th Avenue Office buildings
There are still hundreds of fashion businesses renting a 7th Avenue office, as well as professional service (law, accounting, personnel), media, advertising, technology and financial service firms.
3 TYPES of 7TH aVENUE Office Space FOR rENT
Build-to-Suit Office: The premises will be demolished and re-built by the Landlord with a design matching the Tenant’s needs. Landlords will usually provide an architect at no cost that plans the space. Link here for useful information about build-to-suit offices.
New Pre-built Office: The office is brand new and pre-built by the Landlord and designed to attract a Tenant. Conventional office space has acoustical ceiling tiles, carpeted floors and a mix of offices and open area. Loft-style offices have a more “open landscape” and frequently utilize high unfinished ceilings, concrete or wood floors, exposed duct work and glass walls.
2nd Generation Offices: Previously occupied offices that can be re-used. If their design is attractive (i.e rentable) the Landlord will often provide cosmetic work (carpet and paint) only. Alternatively, many Landlord will substantially modify an existing office design, but still benefit financially from salvaging specific components.
Renting a 7th Avenue Office – Sample Fall 2014 Spaces
7th & 29th St.
Class B Loft Bldg.
5,800 RSF 2nd Generation, asking $52
7th & 30th St.
Class C Loft Bldg.
5,600 & 7,000 RSF 2nd Generation, asking $49
7th Ave & 31st St.
Class B Office Bldg.
5,594 RSF New Pre-built, asking $51
7th & 34th St.
Class B Office Bldg.
3,524 RSF 2nd Generation, asking $53
7th & 36th St.
Class B Office Bldg.
17,000 RSF Private Floor
Build-to-suit, Call for Price
7th & 37th St.
Class B Office Bldg
5,500 RSF 2nd Generation, asking $55
Recommended Strategy for Renting a 7th Avenue Office
Cogent Realty Advisors is a NO FEE Tenant Representation firm with 15 years of experience leasing 7th Avenue office space. We will find you the ideal office with the best lease terms by utilizing our in depth market information, transaction expertise and negotiation skills. Phone us today: (212) 509-4049.
