Newsletter of Wharton
Property Advisors, Inc. - July,
2008
Re: Best Deals on Office Space in New
York
City
"Exit, pursued by a bear." William Shakespeare, "Winter's Tale" (Act III, scene iii, stage direction)
A bear market is defined as a prolonged period in which investment prices fall, accompanied by widespread pessimism. However, we at Wharton Property Advisors are optimistic that there are now bargains to be had for the discerning office tenant. But you need a good agent in order find them if (1) you are not in the real estate industry, and (2) don't have time to spend on an extensive search. We are monitoring the market closely and scouring the available opportunities for bargains that will benefit 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
61 Broadway
1,900 to 8,000
$46 to $52
Direct and sublease space. New pre-built units, mix of perimeter offices and open space. Lease term: 5 to 10 years.
130 William Street
3,000 to 7,000
$45
Direct lease. Pre-builts with a mix of offices and open areas. Lease term: 5 to 15 years.
299 Broadway
2,800
$42
Direct lease. Built with 2 offices and large open space, river views. Lease term: negotiable.
75 Ninth Avenue
2,489 to 4,625
$51
Sublease from Google™. Creative spaces, built with different configurations. Sublease term through December 2010.
11 Penn Plaza
4,966
$48
Built out with mix of perimeter and interior offices, furniture available. Sublease term through September 2011.
209 West 38th Street
2,800
$42
Direct lease. Newly upgraded loft style showroom spaces. Lease term: 5 to 10 years.
220 East 23rd Street
3,250
$43
Direct lease. Built, mix of offices and open area, pantry, private bathroom. Lease term: 5 to 10 years.
420 Lexington Avenue
1,110 to 10,000
$55
to
$65
Direct lease. High end build-outs, mix of offices and open areas, some with great light and views. Lease term: 5 to 10 years.
150 East 52nd Street
1,840
Low $50's
Pre-built with trading desk in place. Sublease term thru November 2013.
641 Lexington Avenue
11,371
$65
Direct lease. Built with a mix of perimeter and interior offices and work stations. Lease term: 5 to 15 years.
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
