Ruth Colp-Haber was also featured in the following seven articles from The New York Times.
July 15, 2009
"In Manhattan, Softer Rents, Better Deals"
by Terry Pristin
"...Ruth Colp-Haber, a partner at Wharton Property Advisors, said landlords were willing to provide as much as a year's free rent and invest $80 a square foot to create new offices. "For ... niche players in the financial arena, there are tremendous opportunities," she said."
March 4, 2009
"Commercial Renters Have a New Worry: A Landlord's Default”
by Alison Gregor
"The sublease market has been flooded with space, and most of these are fantastic spaces," said Ruth Colp-Haber, a founding partner at Wharton Properties, a commercial real estate brokerage. "However, if you look at the profile of the average sublandlord, they're putting space on the market because they're having financial difficulty. Therefore, some type of lease default, and maybe even bankruptcy, is very conceivable."
December 31, 2008
“A Renter's Market for Manhattan Offices”
"In Prime Midtown Buildings, Availability is Way Up"
by Terry Pristin
"'No one knows what the rents are, because there has been very little activity for the past three months,'" said Ruth Colp-Haber, a partner at Wharton Property Advisors, which represents small to medium-size tenant. 'No one is paying attention to the asking rents.'"
"Some landlords are so eager to fill space that they offering (sic) up to a year's free rent to tenants who are willing to make a longer commitment, Ms. Colp-Haber said. 'This is a fantastic time to lock in a long-term lease if the tenant wanted it.'"
July 16, 2008
“As the Economy Heads South, Office Rents Go North”
by Terry Pristin
Despite the turndown in the economy, some landlords are demanding higher rents than ever. According to Ruth Colp-Haber, a partner in Wharton Property Advisors, “Many tenants are hesitating to make deals. Every tenant that can is waiting. Everyone has one goal in mind: to reduce costs. … Some landlords are not being realistic,” said Ms. Colp-Haber. “At 14 Wall Street … the asking annual rent for the top floor was $62 a foot – well above the market rent.”
December 19, 2007
“Manhattan Market Dips, but Parts Remain Rarefied”
by Terry Pristin
The credit squeeze has affected the Manhattan office market. Ruth Colp-Haber, a partner in Wharton Property Advisors, is currently negotiating a lease in the West 30’s and said she was “…pleasantly surprised…” to get free rent and an allowance to improve the space. “A year ago, we wouldn’t have gotten any of those things.”
May 19, 2002
“Downtown, a Menu of Incentives”
by John Holusha
Landlords are offering incentives (cash allowances and tax breaks) to businesses renewing their leases or moving into the area. “A lot of New Yorkers want to distance themselves from what happened there,” said Ruth Colp-Haber, a partner in Wharton Property Advisors,. “It is as if Manhattan has been divided into two cities, with 14th Street as the border.”
July 1, 2001
“Sublease Space Surges Onto Market in Manhattan”
by John Holusha
Ten million square feet is offered, five times the total of 2000, as dot-com and telecommunications companies go our of business or greatly downsize their operations. “Much of the sublet space is concentrated downtown,” said Ruth Colp-Haber, a partner in Wharton Property Advisors, “with trophy buildings in Midtown unaffected because their owners routinely refuse to lease space to any company without well-established credit.”
January 7, 2001
“The Rocketing New York Market Levels Off a Bit”
by John Holusha
According to figures compiled by Wharton Property Advisors, a trickle of sublets coming to market in June, 2000 turned into a stream by October. “Sublets are a harbinger of things to come,” Ruth Colp-Haber, a partner in Wharton Property Advisors said. “The first thing that a company in trouble does is lay off people and sublease the space they were in.”
September 20, 1998
“Space Is Tight, Office Markets Robust”
by John Holusha
Ruth Colp-Haber, a partner in Wharton Property Advisors, which represents tenants, said that because of the tight market “…landlords are making demands at the last minute, upping rents and taking away space.” “This is the downside of an otherwise vibrant economy and booming real estate market. In sum: things are so good, they’re bad.”
March 1, 1995
“Conventional Ideas About Subleasing Are Changing”
by Claudia H. Deutsch
The brokerage firm, Wharton Property advisors, recently gathered some fairly eye opening statistics on the point “There’s a lot more space out there than meets the eye, and that’s a good negotiating tool when you are looking to rent direct space,” said Ruth Colp, a Wharton partner.
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
