NYC Office Sublease, High Quality Midtown Locations
NYC Office Sublease- Overview
NYC Office Sublease
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 provide a significant cost savings compared with direct leases. Other tangible benefits may include the following:
(1) Subleases are typically rented in a pre-built condition which can reduce the waiting time to move-in;
(2) Some subleases include furniture, an IT network and phones- a substantial time and cost savings;
(3) The length of a sublease term may vary widely from as short as a few months (called “swing space”) to ten- years;
(4) Because the transaction expenses associated with a sublease are usually less than a direct lease, the Security Deposit requirements may be reduced.
For a more information about subleases link to these blogs: Sublease Risks and Rewards and NY Office Sublease- Concepts and Available Space.
High Quality Subleases Available at the Year’s End 2014
A small selection of high quality midtown office sublets is shown below. Contact Cogent Realty Advisors with your specific requirement.
Prestige Class A building on Fifth Avenue
Central Park views- Private Floor
11,289 RSF, asking $95
Term 2024
Class A building on Madison Avenue & 54th
Private Floor- Furnished & Phones
8,600 RSF, asking $65
Term 2018
Class A building, Madison & 51st Street
Newly built high-end
3,502 RSF, asking $59
Term 2022
Elegant Class A building on Park Avenue
New, efficient & furnished
3,913 RSF, asking $85
Term 2-3 years
Class A building Broadway @ Times Square
Recently built, furnished, wired & phones
7,500 RSF, asking $49
Term 2021
BEST STRATEGY FOR FINDING A NYC OFFICE SUBLEASE
Cogent Realty Advisors has provided NO FEE Tenant Representation to New York businesses for over 15 years. By utilizing our extensive commercial office database and network of contacts we will find a high quality NYC office sublease that satisfies your requirements. Contact Mitchell Waldman today: (212) 509-4049.
