Newsletter of Wharton
Property Advisors, Inc. - November,
2008
Re: Best Deals on Office Space in New
York
City
"No real estate is permanently valuable but the grave." Mark Twain
Bull markets don't last forever, and that is true in real estate as well. In these turbulent times rents for many offices are dropping. If you need to dispose of extra space we can help as we are experts in the sublease market, which operates quite differently from the market for direct space. Alternatively, if you are looking for bargains they are finally coming on line after many years of waiting.
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
900 Third Avenue
7,488
$59
Sublease from Permal Asset Management. Built with mix of offices and workstations. Lease term: through December 2017.
900 Third Avenue
16,736
$53
Sublease from Thelen Reid. Built with 26 windowed offices, 1 interior office, large conference room, 18 cubicles. Lease term: through June 2011.
515 Madison Avenue
1,600
$50
Sublease from Fran Wilson Cosmetics. Built with 3 windowed offices, windowed conference room. Lease term: through August 2010.
666 Third Avenue
11,597
$68
Sublease from Calyon. Built with 5 offices, conference room, 36 trading positions. Lease term: through May 2015.
529 Fifth Avenue
3,724
$52
Sublease from Roanoke Asset Management. Built with 1 executive office, conference room, 9 workstations. Lease term: through April 2012.
286 Madison Avenue
2,528
$45
Sublease from Vhayu Technologies. Built as an office intensive suite. Lease term: through March 2010.
1410 Broadway
8,177
$47
Sublease from Crossland Associates. Full floor presence. Built as an office intensive suite. Lease term: through July 2013.
520 Eighth Avenue
4,200
$48
Sublease from Worth By Design. Built with 4 offices, conference room, bullpen, pantry, private bathrooms. Lease term: 3 to 5 years.
80 Broad Street
2,960
$25
Sublease from ACS (E-Z Pass). Built with 5 windowed offices, conference room, workstations. Lease term: through October 2011.
75 Broad Street
3,609
low $40's
Sublease from Carter Burgess. Built with 6 windowed offices and workstations for 5. Lease term: through May 2014.
40 Broad Street
1,953
$35
Sublease from Infrotech. Built with 2 windowed offices, workstations, open area. Lease term: through April 2015.
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
