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SUBLEASES GALORE

Newsletter of Wharton Property Advisors, Inc. - May, 2009

Re: Best Deals on Office Space in New York City

 

                                                      "Good counselors lack no clients."

                                                                              William Shakespeare, 1564-1616

We at Wharton Property Advisors pride ourselves on our knowledge of the intricacies of the New York City office leasing market.

The sound counsel which we provide helps our clients in meeting their short term and long term business needs. Even if your lease is not coming due, we are always pleased to discuss your situation at no charge. Our advice can help you become more informed about current market conditions and thus plan for the future.

We represent our clients with honesty, diligence and integrity. That's what sets us apart from the others.

Below is a sampling of the best deals now available for sublease. Call us so we may help you take advantage of the current real estate debacle.

 

 Building  

 RSF 

 
 Rent
 

Comments 

             
  140 East 45th Street  

 5,530

 

 $45

 

Sublease from Bowne. High-end installation with panoramic views. Lease term: 5 years.

             
  434 West 33rd Street  

 1,200 to
4,344

 

 Low $30's

 

Direct lease. Newly built spaces in various sizes and configurations. Lease term: 3 to 10 years.

             
  1 Battery Park Plaza  

6,900

 

 $25

 

Sublease from Meridian Capital. Built with windowed offices, windowed conference room, multiple workstations. Lease term: through June 2011.

             
  50 Broad Street  

 12,530

 

$31

 

Direct lease. Built space with perimeter offices, boardroom, private bathroom, open space and pantry. Lease term: 5 to 10 years.

             

  50 Broad Street

 

1,200

 

$33

 

Direct lease. New build out in move-in condition, with 2 offices and open space. Lease term: 3 to 10 years.

             

  61 Broadway 

 

  5,320

 

 $27

 

Sublease from Nature's Way. Built with 7 windowed offices, large windowed conference room, 12 workstations. Furniture and phones available. River views. Lease term: through April 2011.

             

  350 Fifth Avenue

 

4,904

 

$26

 

Sublease from RJ Lee. Move-in condition with 4 large perimeter offices, windowed conference room, interior room/bullpen. Double glass doors directly off the elevator. Lease term: through December 2010.

             

  730 Fifth Avenue

 

32,014

 

High $40's

 

Sublease from Playboy. Recently upgraded installation, featuring a magnificent entryway and internal staircase, 54 windowed offices, 19 interior offices, 69 workstations, 6 conference rooms, lounge, several pantries, storage, executive lavatory with shower, reception. Dramatically high ceilings. Lease term: through August 2019.

             

  575 Lexington Avenue 

 

  1,100

 

  $45

 

Sublease from CPR Institute. Turnkey space with 2 large offices and open area with 2 work-stations. Furniture and phones available. Separate entrance directly off the elevator. Access to conference room. Lease term: 3 to 7 years.

   

 

 

 

 

 

  450 Park Avenue 

 

  750

 

  $80

 

Sublease from Banco Bradesco. New build out with 2 windowed offices, open area. Separate entrance directly off the elevator. Lease term: 3 to 5 years.

   

 

 

 

 

 

  888 Seventh Avenue 

 

  16,085

 

  $50

 

Sublease from Corona. Year old, high-end installation with a mix of perimeter offices, conference room, interior open areas, exposed loft-like ceilings. Lease term: through May 2015.

   

 

 

 

 

 

  2 Wall Street 

 

  3,667

 

  $40

 

Direct lease. Built with 4 windowed offices, conference room, multiple workstations, high ceilings. Lease term: 3 to 5 years.

   

 

 

 

 

 

  14 Wall Street 

 

  3,273

 

  $36

 

Sublease from Direct Access Partners. Newly built turnkey space with trading positions for 15, 1 large office, windowed conference room, 1 workstation. Lease term: through June 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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