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SUBLEASES GALORE

Newsletter of Wharton Property Advisors, Inc. - December, 2008

Re: Best Deals on Office Space in New York City
 

 "The Chinese use two brush strokes to write the word 'Crisis.' One brush stroke stands for Danger, the other for Opportunity. In a crisis, be aware of the danger-but recognize the opportunity."

                                                    John F. Kennedy, Indianapolis, April 12, 1959

We need not lecture our sophisticated clients on the dangers faced in today's economy. However, there are extraordinary opportunities for those in the market for NYC office space.

Incredible bargains are coming on line and Wharton Property Advisors is here to help you seize the day.

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 

             
  424 West 33rd Street  

 1,194
to
4,826

 

 hi-$30's

 

All are direct rentals. Built with a mix of offices and open areas. One year free rent offered with long term leases.

             
  1114 Avenue of the Americas  

 5,061

 

 $65

 

Sublease from Cumberland Associates. Built with a mix of offices and open areas. Lease term: through May 2011.

             
  1114 Avenue of the Americas  

9,202

 

 $65

 

Sublease from Cumberland Associates. Built with a mix of offices and open areas. Lease term: through May 2011.

             
  1114 Avenue of the Americas  

 13,523

 

mid-$70's

 

Sublease from Eurohypo Bank. Built with a mix of perimeter offices, conference room and open areas. Lease term: through May 2013.

             

  1133 Avenue of the Americas

 

7,156

 

hi-$50's

 

Sublease from Clear Channel. Built with a mix of windowed offices and workstations. Lease term: through August 2014.

             

  1430 Broadway 

 

  2,540

 

  $39

 

Direct lease for 5 to 10 years. Built with perimeter and interior offices.

             

  317 Madison Avenue

 

5,042

 

hi-$40's

 

Sublease from Giga Spaces. Built with a mix of offices and open areas. Lease term: through April 2012.

             

  335 Madison Avenue

 

21,093

 

submit
all offers

 

Sublease from Oracle. Built with a mix of open areas on the perimeter, interior offices and workstations. Lease term: through October 2011.

             

  401 Park Avenue South 

 

  20,000

 

  low-$40's

 

Sublease from Health Management Systems. Built with a mix of windowed and interior offices. Furniture is included. Lease term: through May 2013; direct extension is available.

             

  733 Third Avenue

 

4,756

 

hi-$40's

 

Sublease from National Life of Vermont. Built with a mix of windowed and interior offices and open space. Lease term: through March 2015.

             

  80 Broad Street 

 

  2,960

 

  $41

 

Direct lease for 5 to 10 years. Built with a mix of windowed offices, conference room, workstations and reception. Lease term: flexible.

             

  61 Broadway

 

8,250

 

$35

 

Sublease from Loring Ward. Built with a mix of perimeter offices and open area. Lease term: October 31, 2011.

             

  233 Broadway 

 

  7,573

 

  $48

 

Sublease from Brecker Fishman. Built with a mix of windowed and interior offices, conference and Board room. Lease term: through September 2017.

             

  33 Whitehall Street

 

16,003

 

$49

 

Sublease from PFTC Trading. Built as an open installation with 2 executive offices, 37 workstations, 25 trading positions, 2 conference rooms and reception. Lease term: through July 2017.

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

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