Newsletter of Wharton
Property Advisors, Inc. - January, 2009
Re: Best Deals on Office Space in New
York
City
"An obstacle is often an unrecognized opportunity."
Anonymous
Turn this economic downturn 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.
Call us to discuss how we can help you or for 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
122 East 42nd Street
8,822
$55
Sublease from GH Traders. Built with 64 cubicles and conference room. Occupancy: vacant. Lease term: until September 29, 2012.
140 East 45th Street
5,000 to 16,008
mid-$30's
Sublease from Ricoh. Built with mix of offices and large open areas. Occupancy: vacant. Lease term: through February 2015.
9 West 57th Street
30,800
aggressively priced
Beautiful new installation with windowed offices and trading area. Occupancy: arranged. Lease term: through February 2013.
1 Battery Park Place
6,900
$25
Sublease from Meridian Capital. Built with 10 windowed offices, windowed conference room, workstations. Harbor views. Occupancy: vacant. Lease term: through June 2011.
401 Broadway
1,000 to 15,000
$31
Direct leases. New installations, some with usable terraces. Lobby is being completely renovated.
610 Broadway
16,362
$80
Sublease from Proctor & Gamble. Unique space, built with mix of offices and workstations. Occupancy: vacant. Lease term: through October 2017.
1430 Broadway
2,540
$39
Direct lease. Built with 2 windowed offices, 1 interior office, corner windowed conference room. Lease term: 3 to 10 years.
230 Fifth Avenue
1,955 to 5,517
$42
All direct spaces with different configurations. On-site amenities include rooftop restaurant and lobby cafe. Occupancy: vacant. Lease term: 3 to 7 years.
575 Lexington Avenue
1,100
$60
Sublease from CPR Institute. Built with 2 offices and 3 workstations. Occupancy: vacant. Lease term: 4 years.
540 Madison Avenue
2,750
$77
Sublease from Induchem. Above standard installation with 4 windowed offices, conference room, pantry, reception. Occupancy: vacant. Lease term: October 20, 2011.
767 Third Avenue
2,674
$59
Sublease from Granite Broadcasting Corp. Built with 3 offices, conference room and open area. Move-condition. Occupancy: vacant. Lease term: January 30, 2011.
900 Third Avenue
7,488
$59
Sublease from Permal Group. Recently built installation with mix of perimeter offices, conference room and open space for support. Occupancy: vacant. Lease term: 3 to 9 years.
99 Wall Street
1,960
$42
Sublease from Volant Trading. New trading installation with 1 interior office, conference room, pantry and bullpen with trading stations.
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
