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Subleasing an office near Grand Central Station, NYC
Subleasing an office near Grand Central Station, NYC If your business is thinking about subleasing an office near Grand Central Station, NYC there is (as of January 2016) a nice selection of high quality options to choose from. Notwithstanding, the rent for subleased office space has increased along with those leases made directly with…
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The 10 Most Lucrative Office Leases of 2015
The 10 Most Lucrative Office Lease of 2015 is an article (reprinted below) that appeared in The Real Deal on December 29, 2015. The Real Deal Magazine provides cutting edge news on the real estate market in New York City and beyond. Inclusion on the “10 Most” list required the convergence of three factors- Size,…
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Class A Financial Company Office Space in Midtown
Class A Financial Company Office Space in Midtown Throughout 2015 financial companies continued to lease a large volume of high-priced Class A office space in midtown Manhattan. Locating an office in midtown offers an easy commute from the affluent enclaves of Westchester, Connecticut and the Upper East/West Sides; a large selection of top-tier buildings; and…
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Cost of an Office in Chelsea… Avg. Quoted Rent now $61.29 PSF
The Cost of an Office in Chelsea The Cost of an Office in Chelsea at the end of the third quarter of 2015 averaged a quoted $61.29 per rentable square foot according to Costar, the Commercial Real Estate Information Company. The boundaries of the Chelsea sub-market are shown in the map below. Chelsea Office Rents…
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FIDI Office Space for Lease
FIDI Office Space for Lease FIDI office space for lease at the end of the third quarter of 2015 averaged a quoted $47.22 per rentable square foot according to Costar, the Commercial Real Estate Information Company. The boundaries of the FIDI (Financial District) sub-market are shown in the map below. A more detailed analysis of…
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The Cost of an Office near Grand Central Station
The Cost of an Office near Grand Central Station The Cost of an Office near Grand Central Station at the end of the third quarter of 2015 averaged a quoted $64.91 per rentable square foot according to Costar, the Commercial Real Estate Information Company. The boundaries of the Grand Central Station sub-market are shown in…
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NYC Office Rent Report, Q3 2015
NYC Office Rent Report, Q3 2015 NYC Office Rent Report, Q3 2015 was compiled using data provided by Costar, the Commercial Real Estate Information Company. In the Third Quarter of 2015, the average asking rent across all building classes (A, B & C) was $59.90 per rentable square foot. This was a 2.6% increase…
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Downtown Office Rent Rebate Extended To March 31, 2018
Downtown Office Rent Rebate Extended To March 31, 2018 The Downtown Office Rent Rebate program known as the Lower Manhattan Commercial Revitalization Program has been extended to March 31, 2018. Participation in this municipal incentive program substantially reduces occupancy costs for qualified businesses. The Commercial Revitalization Program is designed to: (1) Motivate new Tenants to relocate to Lower Manhattan.…
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NYC Office Condos for Sale in the Plaza District
NYC Office Condos for Sale in the Plaza District NYC Office Condos for Sale are located on 59th Street in the Plaza District, one block from Central Park. The offices are situated in a Class A full service commercial condominium building featuring a marble lobby, 24- hour 7- day per week concierge, new elevators, electronic security system…
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