SUBLEASES GALORE

Newsletter of Wharton Property Advisors, Inc. - March, 2010

Re: Best Deals on Office Space in New York City

 

                "Now this is not the end. It is not even the beginning of the end.
                But it is, perhaps, the end of the beginning."


                                                                                            Winston Churchill                                                                                   Spoken about the Battle of Britain


Whither the Recession? Is it the beginning of the end or the end of the beginning? No one knows. But we know this: there are great bargains on office space today.

Please let us know how we can help you with your office leasing needs in today's attractively priced market. There are great opportunities for tenants who are looking for a new lease or to renegotiate an existing one.

Below is a sampling of the best deals now available.

 

 Building  

 RSF 

 
 Rent
 

Comments 

             
  61 Broadway  

 2,943

 

 $32

 

Sublease from Life Services for the Handicapped. Built with 4 windowed offices, 1 interior office, windowed conference room. Bright space. Lease term: 5 years.

             
  575 Eighth Avenue  

 6,553

 

 $28

 

Sublease from Net@work. Built with 10 windowed offices, windowed conference room, 40 workstations. Furniture can be included. Lease term: through August 2012.

             
  505 Fifth Avenue  

10,856

 

Mid
to
High
$50's

 

Sublease from American Capital. High-end, fully furnished in mint condition: 15 windowed offices, 19 workstations, 2 conference rooms, pantry; wood and glass finishes throughout. Lease term: through May 2016.

             
  767 Fifth Avenue  

 9,989

 

Mid
$70's

 

Sublease from JANA Partners. Ideal for trading. Built with 5 windowed offices, 2 conference rooms, 29 trading positions. Lease term: 3 to 8 years.

             

  345 Hudson Street

 

29,964

 

$26

 

Sublease from The Weinstein Company. Built with perimeter offices, some interior offices and interior workstations. Ideal for entertainment, media, communications and publishing. Reasonable divisions considered. Lease term: through February 2013.

             

  405 Lexington Avenue 

 

3,876

 

 Mid
$40's

 

Sublease from Michael Page Int'l. Built with 2 windowed offices, 2 corner windowed offices, windowed conference room. High floor. Lease term: 2 to 5 years.

             

  540 Madison Avenue

 

6,950

 

$65

 

Sublease from Banco Itau. Built with a mix of windowed offices, conference room, trading desks. Lease term: 5 to 15 years.

             

  660 Madison Avenue

 

9,486

 

$66

 

Sublease from Dolce & Gabbana. Proposed build out consisting of multiple work stations, multiple trading positions, 3 conference rooms, overlooking Madison Avenue. Lease term: through September 2015.

             

  100 Park Avenue 

 

13,324

 

 $47

 

Sublease from Ameriprise. Built with 12 windowed offices, 2 conference rooms, 37 workstations. Furniture and phones can be included. Lease term: through January 2019.

   

 

 

 

 

 

  1 Penn Plaza 

 

 2,393

 

 $45

 

Sublease from Philips Electronics. Built with 5 windowed offices, open area, southerly views. Lease term: through June 2011.

   

 

 

 

 

 

  7 Penn Plaza 

 

 4,885

 

 Mid
$20's

 

Sublease from Global360. Built with 6 windowed offices, interior conference room, open areas. Lease term: through October 2013.

   

 

 

 

 

 

  885 Second Avenue 

 

 7,791

 

 $33

 

Sublease from Telerep. Built with 15 windowed offices, 2 to 3 conference rooms, open space. Lease term: through August 2018.

   

 

 

 

 

 

  1 State Street 

 

 5,524

 

Mid
$20's

 

Sublease from Mizuho Bank. Mix of windowed offices, windowed workstations, interior workstations, conference room. Views of New York Harbor. Lease term: through November 2012.

   

 

 

 

 

 

  99 Wall Street 

 

4,734

 

 $29.50

 

Sublease from DAH Consulting. Built with 5 windowed offices, 1 windowed corner office, windowed conference room, East River views. Lease term: 3 to 10 years.

   

 

 

 

 

 

  100 Wall Street 

 

7,273

 

 Mid
$20's

 

Sublease from Westminster Securities. Built with 4 internal offices, windowed conference room, trading desk in place. Furniture can be made available. Lease term: through August 2012.

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

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