Call Now: (212) 509-4049
Renting an Office in Chelsea
Renting an Office in Chelsea If your business is planing on renting an office in Chelsea the information that follows will help you understand the market. Chelsea includes the area from 30th Street south to 12th Street and from Fifth Avenue to the River. Chelsea has a large residential community that lives in newly constructed towers along Sixth…
Read More
Build to Suit NYC Office Lease
Build to Suit NYC Office Lease A build to suit NYC office lease can provide your business with an opportunity to custom design its work space economically. Many Landlords will construct a new office for a financially stable Tenant that commits to a 7- 10 year term. Business stability is evidenced by financial statements, tax returns,…
Read More
Lower Manhattan’s Commercial Revitalization Program 2014- 2016
Lower Manhattan’s Commercial Revitalization Program Lower Manhattan’s Commercial Revitalization Program has been renewed and will apply to leases commencing between April 1, 2014 and March 31, 2016. Participation in this program substantially reduces occupancy costs for small businesses. The Commercial Revitalization Program (CRP) was developed to encourage: (1) Landlords to rehabilitate older buildings; and (2) New…
Read More
Prebuilt Corporate Offices in the Plaza District
Prebuilt Corporate Offices in the Plaza District Prebuilt corporate offices can be categorized as: (1) Newly constructed and never occupied; and (2) Second generation and previously occupied. New construction offers users the most contemporary layouts, finishes and infrastructure (electrical service, plumbing, H.V.A.C. and telecom connectivity). Provided that it was built within the past seven years…
Read More
Downtown NY Office Space
Downtown NY Office Space The availability of downtown NY office space is contracting according to Costar and rents are increasing. As of March 2014 the average asking rent in the Financial, Insurance and World Trade Districts across all building classes was $42.23 per rentable square foot versus $39.14 in 2013. Even though many long-time area business are…
Read More
High Value Office Space near Penn Station
High Value Office Space near Penn Station In the blog NY Office Rental Rates Year-end 2013 I reported on the continued increase in rents citywide. Not withstanding, a handful of portfolios, almost all of which are family owned, still offer below market rent. These Landlords are able to do so because they have owned the…
Read MoreCorporate Headquarters in the Plaza District
Corporate Headquarters in the Plaza District The Plaza District has NYC’s highest concentration of financial, legal and public companies. They come for the Class A buildings, elegant restaurants, luxury stores and services. This blog reports on three impressive corporate headquarters for lease in the Plaza District. The Tenant Representation firm of Cogent Realty maintains comprehensive listings for office space…
Read More
Commercial Lofts in NYC
Commercial Lofts in NYC Commercial lofts are in strong demand as a result of the expansion of the media and tech industries. In fact, Midtown South with its high concentration of commercial lofts, had a vacancy rate of 6.9% and average rents of $54.33 PSF at the end of 2013. Big drivers of the commercial loft market…
Read More
Hedge Fund Sublease in the Plaza District
Hedge Fund Sublease in the Plaza District This hedge fund sublease has everything going for it! (1) A gorgeous location in a Class A building at 57th Street and Fifth Avenue; (2) Elegant space with an intelligent design; (3) AAA quality Sub-landlord; (4) Well below market rent; and (5) A generous lease term length…
Read More