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Understanding Office Space for New Companies in NYC
Understanding Office Space for New Companies in NYC Understanding office space for new companies in NYC is intended for young businesses that lease commercial space. For newer business finding office space is challenging. A discussion about market conditions and strategy follows. (1) UNDERSTANDING OFFICE SPACE… SUPPLY At the start of 2017, the overall…
NYC Office Market Report, Year-End 2016
NYC Office Market Report, Year-End 2016 NYC Office Market Report, Year-End 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. The average quoted rent in the NYC office market across all building classes was $65.44 per square foot with a vacancy rate of 8.10%. For a more recent NYC Office Market Report LINK HERE…
Real Estate News for New York Business, 2016 Year-End and 2017
Real Estate News for New York Business, 2016 Year-End and 2017 Real Estate News for New York Business, 2016 Year-End and 2017 is a selection of special interest reports from a variety of publications. Links are provided to original content. 2016 Another Banner Year for Commercial Real Estate By CoStar News Staff…
New York Office Buildings with Observation Decks
New York Office Buildings with Observation Decks New York Office Buildings with Observation Decks were located throughout Manhattan during the 20th Century. They included: Flatiron Building- 175 Fifth Avenue; Chrysler Building- 405 Lexington Avenue; Citibank Building- 20 Exchange Place; and the Cities Service Building- 70 Pine Street; For a photo-rich examination of this grand era link to…
NYC Office Leases Negotiated by Cogent Realty in Q3 2016
NYC Office Leases Negotiated by Cogent Realty in Q3 2016 NYC Office Leases Negotiated by Cogent Realty in Q3 2016 totaled 15,290 rentable square feet (RSF) and were signed by a diverse group of businesses. Q3 2016 Offices Leases Arranged by Cogent Realty Berkowitz Pollack & Brant Advisors & Accountants, LLP,…
NYC Apartment Building Sold by Cogent Realty for $8,400,000
NYC Apartment Building Sold by Cogent Realty for $8,400,000 Cogent Realty Advisors has arranged the sale of a NYC apartment building located at 34 1/2 St. Marks Place for $8,400,000. The 7,692 square foot six floor walk-up building contains 11 apartments and one store. The building was purchased for the equivalent of $1,092 per square…
Office Leasing Slowdown Should Help Tenants in 2017
Office Leasing Slowdown Should Help Tenants in 2017 An office leasing slowdown should help Tenants in 2017 that are signing new or renewal leases. Help will come by way of: (1) Reduced Rental Rates: A modest reduction in office rental rates is expected. (2) Increased Tenant Incentives: These can include: (a) the amount of…
NYC Office Market Report Third Quarter 2016
NYC Office Market Report Third Quarter 2016 NYC Office Market Report Third Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Office Market Snapshot: $65.11 Average quoted rent 8.2% Amount of vacant space For a more recent NYC Office Market Report LINK HERE For comparison, at the end of the Second…
Exclusive Office Subleases in Prime Midtown Buildings
Exclusive Office Subleases Exclusive Office Subleases have been announced in prime midtown Manhattan buildings, most of which are near Grand Central Station. These turn-key work spaces are priced below the cost of office space that can be leased directly from a Building Owner. Please refer to our blog NY Office Sublease Concepts for an examination of Subleases. …
