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Upper East Side Office Space in Limited Supply
Upper East Side Office Space Upper East Side Office Space, like most everywhere in NYC, is in limited supply in 2016 and expensive. For this discussion we are focusing on commercial buildings in the area between Fifth Avenue and the East River and from 57th Street to 106th Street. While there is high concentration of…
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Office Sublease in Downtown NY, Highly Efficient Turn-Key
Office Sublease in Downtown NY Cogent Realty Advisors is marketing an office sublease in downtown NY. Sublease marketing is an important service that that Cogent Realty performs as a commercial Tenant Representation Broker. The sublease is located at 150 Broadway, at the north east corner of Liberty Street and two blocks from the Fulton Street…
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Office Rents in NYC’s Midtown and Downtown Markets
Office Rents in NYC’s Midtown and Downtown Markets Office Rents in NYC’s Midtown and Downtown Markets have reached their peak following the recession of 2008. According to Costar, the Real Estate Information Company, at mid-year 2016 the average quoted asking rent in the Midtown market was $63.58 per square foot compared to Downtown’s $51.64. The…
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TOP 5 New York City Landmark Office Buildings
TOP 5 New York City Landmark Office Buildings TOP 5 New York City Landmark Office Buildings include the Empire State, Chrysler, 30 Rockefeller Center, Woolworth and Trump. These venerable buildings are recognized the world-over as symbols of American prosperity. Corporations leasing office space in these historic towers enjoy near instant credibility in the international business community.…
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NYC Office Market Report, Second Quarter 2016
NYC Office Market Report, Second Quarter 2016 NYC Office Market Report, Second Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Market Snapshot: $60.26 Average quoted asking rent.…
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Office Rental Rates in the Plaza District
Office Rental Rates in the Plaza District Office Rental Rates in the Plaza District at the end of the first quarter of 2016 increased less than 1% over the quoted rent at the end of 2015. This long awaited respite portends a market that is close to its peak. As reported by Costar, the Commercial Real Estate…
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Broadway Office Space between 34th and 42nd Street
Broadway Office Space between 42nd and 34th Street Broadway office buildings between 34th Street and 42nd Street have experienced a renaissance over the past few years and are in strong demand. The reasons for this include: (1) Location: Buildings along this stretch of Broadway are nearly equidistant between the major transportation hubs of Penn Station,…
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The Price of Renting an office near Grand Central in 2016
The Price of Renting an Office near Grand Central Station in 2016 The price of renting an office near Grand Central Station in the first quarter of 2016 increased 1.3% over the quoted rent at the end 2015. As reported by Costar, the Commercial Real Estate Information Company, the average rent in the first quarter of…
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NYC Office Market Report, First Quarter 2016
NYC Office Market Report, First Quarter 2016 NYC Office Market Report, First Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Market Snapshot: $59.55 Average quoted asking rent. …
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