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Office Sublease in Downtown NY- Year’s End 2014
Downtown NY Office Sublease If you are looking for an Office Sublease in Downtown NY, as of December 2014 you will encounter a diminishing supply and increasing rents. Not withstanding, an office sublease remains a compelling work-space option because: (1) The rental rate is typically below that which will be offered directly be a Building…
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NYC Office Sublease, High Quality Midtown Locations
NYC Office Sublease- Overview NYC office sublease inventory is declining as 2014 comes to a close and so is the availability of directly leased space in midtown locations. As a result, the cost differential between subleases and direct leases has narrowed and rents for both continue to trend upward. Nevertheless, in most cases subleases can still…
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Renting an Office at One Grand Central Place
Renting an Office at One Grand Central Place Renting an office at One Grand Central Place provides a high quality work environment with direct access to Grand Central Terminal and all of its amenities. Located at 60 East 42nd Street, it was constructed in 1930 and contains 1,239,482 square feet of space on 53 floors. Recently the…
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Lower Manhattan Office Rental Rates in Q3 2014
Lower Manhattan Office Rental Rates in Q3 2014 Lower Manhattan Office Rental Rates in Q3 2014 increased modestly over the prior quarter. In Q3 the average quoted rent (across Class A, B & C buildings) was $46.11 PSF, up 1.58 % over $45.39 in Q2. The Lower Manhattan sub-market includes the Insurance and Financial Districts…
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Office Rental Rates near Penn Station in Q3 2014
Office Rental Rates near Penn Station in Q3 2014 increased minutely over the prior quarter. In Q3 the average quoted rent (across all building classes) was $48.79 PSF, up 1.05% over $48.28 in Q2. The district recorded a 7.9% vacancy rate spread over 447 buildings with 68,997,436 square feet of space. (Information provided by Costar.) Demand for…
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Luxury Furnished Executive Office at the World Trade Center
Luxury Furnished Executive Office at the World Trade Center If you are searching for a luxury furnished executive office at the World Trade Center, Servcorp is the answer. This is the place to go if your business needs a prestigious address that is recognized the world-over. Servcorp is scheduled to open at One World Trade Center…
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Office Rental Rates near Grand Central, Q3 2014
Office Rental Rates near Grand Central in Q3 2014 increased modestly over the prior quarter. In Q3 the average quoted rent (across all building classes) was $61.07 PSF, up 1.22% over $60.33 in Q2. The district recorded a 10.6% vacancy rate spread over 181 buildings with 56,005,436 square feet of space. (Information provided by Costar.)…
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Office Rental Rates in NY- 3rd Quarter 2014
Office Rental Rates in NY- 3rd Quarter 2014 Costar Group, the Commercial Real Estate Information Company reports that the NYC office vacancy decreased from 8.4% in Q2 2014 to 8.1% in Q3 2014. The average quoted office rental rates in NY (all classes) increased to $55.69 PSF, up .06% over $55.37 in Q2. …
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One World Trade Center Office Space for Rent
One World Trade Center is scheduled to open in late Fall 2014. This magnificent tower is the tallest in the US, soaring 1,776 feet skyward and containing 3,038,168 square feet of office space on 104 floors. State-of-the-art in every sense of the word, it includes a sustainable design integrating renewable energy and operating efficiency.…
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