Newsletter of Wharton
Property Advisors, Inc. - June, 2010
Re: Best Deals on Office Space in New
York City
"Risk comes from not knowing what you're doing."
Warren Buffett
The largest single expenditure for your business may be for office space. Accordingly, don't take an unnecessary risk by handling your office space needs yourself without the assistance of a qualified professional on your side who knows what she is doing.
Wharton Property Advisors has deep knowledge of the leasing market grounded in our 20 years of experience through many up and down market cycles.
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
38 East 29th Street
5,700
Low $20's
Sublease from FW Media. Built with 11 offices, large conference room, open area with 10 workstations. Furniture is available. Lease term: through June 2019.
424-438 West 33rd Street
5,183
$22
Direct space. Built with 5 perimeter offices with skylights, 4 interior offices. Lease term: 3 to 10 years.
200 West 57th Street
1,360
Mid $30's
Sublease from MIK Fund Services. Built with 1 windowed office, 1 interior office, 2 workstations. Lease term: through November 2012.
1065 Avenue of the Americas
2,389
$42
Sublease from AF Services. Move-in condition, built with 2 windowed offices, 1 windowed office or conference room, large open area. Lease term: through April 2012.
90 Broad Street
4,780
$25
Sublease from Shoplet. Move-in condition, directly off the elevator, built with 4 offices, 38 workstations, conference room, pantry. Lease term: through March 2012.
509 Fifth Avenue
4,978
$29
Sublease from IDB Bank. Built with 2 offices, conference room, open area. Lease term: through December 2012.
521 Fifth Avenue
5,738
$45
Sublease from Hiscox UK. Move-in condition, built as primarily open space with 2 conference rooms. Furniture is available. Lease term: through March 2014.
666 Fifth Avenue
7,585
$59
Sublease from Fulbright & Jaworski LLP. High end build out with 12 windowed offices, conference room, private bathroom. Furniture can be made available. Lease term: 3 to 7 years.
1 Hudson Square
3,600
$35
Sublease from Command Financial Press. Built with 4 windowed offices, conference room, open area for 8 to 10 people. Corner unit with great light and views. Lease term: 2 to 5 years.
51 Madison Avenue
4,000
$45
Sublease from Synergos. Built as open plan with workstations, 3 conference rooms. Lease term: 5 years.
261 Madison Avenue
23,300
$30
Sublease from Primedia. Move-in condition with 47 offices and 55 cubicles. Fully furnished. Lease term: through November 2017.
317 Madison Avenue
4,448
High $30's
Sublease from ESRB. Built with 5 windowed offices, windowed conference room, open area. Abundant natural light. Furniture and phones can be made available.
399 Park Avenue
24,662
$63
Sublease from Legg Mason. Trading space with up to 100 positions and perimeter offices. Furniture is included. Lease term: through September 2017.
505 Park Avenue
2,036
Low $40's
Sublease from Bernardaud. Built with 1 windowed office, windowed conference room, 4 workstations. Lease term: through July 2013.
11 Penn Plaza
5,129
$29
Sublease from Access One Communications. Built with 4 windowed offices, 2 interior offices, windowed conference room, open area. Lease term: through September 2011.
55 Water Street
13,461
$34
Sublease from Chubb Insurance. Built with perimeter offices, interior workstations, 3 conference rooms. View of the East River. Lease term: through August 2017.
199 Water Street
35,000 Divisible down to 10,000
$38
Sublease from Aon. Above standard installation built with a mix of perimeter offices and cubicles. Furniture can be made available. Lease term: through September 2018
100 William Street
4,113
$29
Sublease from Haskell Brokerage. Built with 4 offices, 13 workstations, reception, pantry. Lease term: through April 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