New offices for media and technology in the Garment District
New offices for media and technology in the Garment District
New offices for media and technology
The Garment District (Ninth Avenue to Broadway, 35th- 42nd) is delivering new offices for media and technology businesses which are replacing the dwindling number of fashion Tenants. The influx is fueled by an exodus from areas where rents have skyrocketed. According to Costar, in Q3 2013 the average asking rent for Class A and B buildings in the Garment District was $48.06 compared to $61.01 in Midtown South. Additionally, these high quality amenity-rich buildings are within waking distance of Penn Station, Port Authority and Grand Central.
New offices for media and technology
Pro-active Landlords are PRE-BUILDING new offices for media and technology that are finished with polished concrete floors, open ceilings, glass walled offices, open space for collaboration and stainless steel appliances. The examples below are a small selection of immediately available spaces.
501 Seventh Avenue: N/E/C 37th Street. 460,995 SF Class B Office Building (1923), modernized 2006. Asking rent $53.00 PSF plus sub-metered electricity. Floor plans follow:
New offices for media and technology
501 Seventh Avenue
Suite A @ 2,641 RSF
Suite B @ 5,810 RSF
Suite C @ 4,191 RSF
Suite D @ 3,091 RSF
1359 Broadway: N/W/C 36th Street. 487,270 SF Class B Office Building (1924), modernized 2007. Asking rent $49.00 PSF plus sub-metered electricity. Floor plans follow:
New offices for media and technology
1359 Broadway
Suite 802 @ 3,543 RSF
Suite 1120 @ 4,557 RSF
Suite 1130 @ 3,108 RSF
Suite 1140 @ 3,407 RSF
Leasing New offices for media and technology in the Garment District
1359 Broadway
New offices for media and technology
Building Agents (the Landlord’s Agent) are under contract with a building owner to lease space at the highest rents obtainable. Companies that negotiate directly with a Landlord or its Agent are at a disadvantage because they are usually unaware of: (1) all of the available spaces and pricing in comparable properties; (2) the economic terms of recently signed leases; and (3) local market practices. By hiring a an experienced Tenant Representation Broker you can be assured of the best deal when renting new offices for media and technology in the Garment District or elsewhere in NYC. Cogent Realty Advisors is a NO FEE Tenant Representation Broker with over 15 years of success. Contact Mitchell Waldman today: (212) 509-4049.
