Newsletter of Wharton
Property Advisors, Inc. - February, 2009
Re: Best Deals on Office Space in New
York
City
"The key to managing crises is to keep an eye on the long term while you’re dancing in the flames."
From The Economist, January 31, 2009
Turn these troubled times into an opportunity. Office lease prices are being slashed and landlords have gotten the message. If your lease is coming due, we can help you find the bargains. If you are downsizing and need to dispose of space, we specialize in the very tricky sublet market.
Even if your lease is not due, contact us to see if a lease review or renegotiation is in order. We can provide an update on the rapidly changing state of the commercial real estate market.
Below
is a sampling of the best deals
now available.
Building
RSF
Rent
Comments
140 East 45th Street
10,822
$60
Sublease from Speiser, Krause. Built with 5 windowed offices, conference room and open areas. Occupancy: vacant. Lease term: through September 2013.
114 West 26th Street
9,200
$29
Direct space. Built with 2 windowed offices, 1 windowed conference room, 1 interior conference room and bullpen area for 35. Occupancy: immediate. Lease term: 5 to 10 years.
1 Battery Park Plaza
6,900
$25
Sublease from Meridian Capital. Build with 10 windowed offices, windowed conference and multiple workstations. Occupancy: vacant. Lease term: through June 2011.
623 Fifth Avenue
14,486
$70
Sublease from Satellite Asset Management. High end installation with executive offices, open space, executive pantry, multiple conference rooms and exercise room. Occupancy: arranged. Lease term: through March 30, 2011
570 Lexington Avenue
4,049
$50
Sublease from William T. Grant Foundation. Built with 5 offices, conference room and 4 workstations. Occupancy: arranged. Lease term: 5 years.
575 Lexington Avenue
1,100
$60
Sublease from CPR Institute. Built with 2 windowed offices and 3 workstations. Occupancy: vacant. Lease term: 4 years.
450 Park Avenue
750
$85
Sublease from Banco Bradesco. Built with 2 windowed offices and open area. Occupancy: arranged. Lease term: 3 to 5 years.
780 Third Avenue
3,390
Aggressively priced
Sublease from FIM (USA) Group. Beautiful new build out with 2 windowed offices, 1 interior office, windowed board room and conference room and 8 workstations. Occupancy: arranged. Lease term: through November 2012.
19 Union Square West
4,500
$39
Sublease from Hunger Project. Built with 3 windowed offices, 1 interior office and open space. The 2 spaces can be combined or leased separately. Occupancy: 30 days. Lease term: 3 years.
14 Wall Street
4,906
$39
Direct lease. Built with mix of windowed and interior offices, windowed conference room and open area. Great views. Occupancy: arranged. Lease term: negotiable.
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
