Newsletter of Wharton
Property Advisors, Inc. - April,
2008
Re: Best Deals on Office Space in New
York
City
"History
teaches us that men ... behave wisely once they have
exhausted all other
alternatives" Abba Eban
We are in an odd transition period in which the
economy is clearly weakening but the expectant
correspondent reduction in rents has not yet occurred as
landlords are still holding out to see if they can
maintain current rent levels due to their high
capitalization rates. Hopefully, this will change
in the next several months and we are beating the bushes
searching for opportunities to help our
clients.
Is your
lease coming due soon or have you outgrown your
space? If so, then Wharton Property Advisors can
help. We search NYC for the most advantageous office
space situations and then help our clients negotiate
favorable terms. Or, if you like your current
space we can help renegotiate your lease. We
always represent our clients with honesty, diligence and
integrity.
Below
is a sampling of the best deals
now available.
Building
RSF
Rent
Comments
45 Broad Street
1,953
$43
Built with 2 offices and
workstations. Sublease thru April
2015.
48 Wall
Street
5,900
$44
Built with 4 offices, glass enclosed
conference room, usable terrace. Sublease;
direct lease available.
125 Maiden Lane
6,815
$35
Built corner unit; landscaped roof
deck. Sublease thru January 2011; direct
extension possible.
424 West 33rd Street
4,826
$44
New high-end build out, all glass. Lease term: 3 to 7 years.
11 Penn
Plaza
5,129
$48
Newly built with 5 windowed offices,
2 interior offices conference room, presence off
the elevators. Furniture can be made
available. Sublease thru September 2011;
direct lease possible.
317 Madison
Avenue
1,300
to 7,000
$55
Direct
lease, newly built, turnkey spaces of
various sizes and configurations, 5 to 10
year leases.
400 Madison Avenue
1,500
to 5,000
$80
Direct
lease, newly built, turnkey spaces of
various sizes and configurations, 5 to 10
year
leases.
708 Third Avenue
1,500
$48
Move-in condition, 3 windowed offices,
conference room, reception. Furniture and
phones can be made available. Sublease
thru October
2010.
Contact Ruth Colp-Haber at (212) 759-0408 or contact us for more details
about these spaces and other
opportunities.
Wharton Property Advisors, Inc.
helps NYC office tenants find and dispose of office
space. We provide the full range of commercial
real estate services. Finding and negotiating
great deals is our specialty. Moreover, we
represent our clients with intelligence, honesty and
diligence!!
Contact an Agent at Wharton Property Advisors, Inc. to handle your office space lease or sublease.
Ruth Colp-Haber
Wharton Property Advisors, Inc.
New York City Office Space Specialists
909 Third Avenue - 5th floor, New York, NY 10022
Phone: (212) 759-0408
