Newsletter of Wharton
Property Advisors, Inc. - July, 2009
Re: Best Deals on Office Space in New
York
City
"The businessperson who tries to negotiate their
own lease has an imprudent client."
Loosely adapted from "He who is his own lawyer has a fool for a client."
For the first time in a decade New York City office tenants are now in the driver's seat and landlords are willing to lower rents significantly. However, don't be fooled that you can make the best possible deal without proper representation. In order to negotiate an aggressive lease, any tenant should canvass all opportunities so that they are prepared to press the landlord for the best deals.
When meeting with a landlord the best leverage is to have an agent who knows the market and the intricacies of the business and who is seeking alternative space on your behalf.
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
14 East 60th Street
2,313
$40
Sublease from Benenson Strategy Group. Built with 4 windowed offices, windowed conference room, bullpen. Bay windows with Central Park views. Lease term: through May 2011.
140 East 45th Street
4,768
High $30's
Sublease from Wall Street Analytics. Built with 8 windowed offices, conference room, 10 workstations. Lease term: through April 2013.
61 West 23rd Street
7,500
High $20's
Sublease from Metropolitan Magazine. Built with 3 windowed offices, windowed conference room, 12 workstations, hardwood floors. Lease term: thru December 2016.
22 West 21st Street
6,500
$38
Sublease from Centro Software. Above standard installation with 4 offices, conference room. Lease term: through June 2014.
75 Broad Street
4,732
$39
Sublease from Mercy Corps. Prebuilt with 4 windowed office, windowed conference room, 11 workstations. Lease term: 7 to 10 years.
55 Broadway
7,464
Mid $30's
Sublease from IBM. Built with 10 windowed offices, bullpen, pantry. Furniture included. Great views of the Hudson River and New Jersey. Lease term: through March 2013.
860 Broadway
12,500
High $30's
Direct lease. Mostly open space with skylights. Lease term: flexible.
104 Fifth Avenue
5,405
$39
Sublease from P & J Realty. Built with 7 windowed offices, 1 interior office, 1 windowed conference room, 1 interior conference room. East and west exposures. Lease term: through April 2016.
712 Fifth Avenue
3,345
$69
Sublease from Harcourt Alternative Investments. Recently built space with a flexible installation that can accommodate 13 to 15 people. Central Park Views. Lease term: thru January 2012.
80 Maiden Lane
3,106
$30
Sublease from Learning Leaders. Newly built out with 4 windowed offices, large windowed open area. Lease term: 3 to 10 years.
250 Park Avenue
4,014
Low $60's
Direct lease. Newly built with 6 windowed office, corner windowed conference room, double door entrance. Lease term: 5 to 15 years.
257 Park Avenue South
12,281
$36
Sublease from InterCLICK. Mix of windowed offices with large open bullpen, 18 foot ceilings. Lease term through December 2012.
666 Third Avenue
38,612
Mid $40's
Sublease from Overseas Shipping Corp. Built with multiple windowed offices, multiple windowed and interior workstations, 7 conference rooms, boardroom. Lease term: through December 2020.
19 Union Square West
8,347
High $30's
Sublease from Liz Claiborne. Proposed build out consisting of 3 windowed offices, 2 interior offices, corner windowed conference room, large windowed open area, reception. Lease term: through May 2018.
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
