Newsletter of Wharton
Property Advisors, Inc. - November, 2010
Re: Best Deals on Office Space in New
York City
"Never go into strange places on a falling tide without a pilot."
Thomas Gibson Bowles (1841 - 1922)
Navigating the turbulent waters of New York City real estate is always treacherous. If you are looking for office space, renegotiating a lease, or looking to dispose of space, you need a skilled professional on your side. Let Wharton Property Advisors be your pilot. We have deep knowledge of the leasing market grounded in experience through many up and down market cycles.
When meeting with a landlord the best leverage is to have an agent who knows the market and the intricacies of the business and who is also seeking alternative space on your behalf.
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
60 East 42nd Street
4,092
$40
Sublease from Kubera Partners. In move-in condition, built with 5 windowed offices, open area, interior conference room. Lease term: through April 2013.
140 East 45th Street
3,000
High $40's
Sublease from IXE Securities. Built with 4 windowed offices, conference room, open trading area. Lease term: through April 2014.
150 East 58th Street
3,481
$56
Sublease from Rockmore Capital. Built with 3 windowed offices, 2 windowed conference rooms, open trading area. Lease term: through 2014.
11 West 42nd Street
12,906
$30
Sublease from Ravi. Built with 10 windowed offices, 2 interior offices, 3 windowed conference room, 1 interior conference room, 2 work-stations. Lease term: through December 2015.
220 West 42nd Street
23,122
$35
Sublease from LiveNation. New high-tech installation. Two floors, both built with a mix of windowed offices, conference rooms, open area. The floors can be leased separately: 11,289 and 11,833 sf each. Lease term: through September 2020.
114 West 47th Street
7,747
$45
Sublease from Shinkin Bank. Mix of windowed offices and open space, 2 windowed conference rooms. Ideal for trading. Furniture and phones can be made available. Five tons of supplemental A/C. Lease term: through May 2014.
1251 Avenue of the Americas
12,250
$45
Sublease from Banco Santander. Built with 7 windowed offices, 2 windowed conference rooms, windowed open area. Lease term: through July 2014.
45 Broadway
11,963
$34
Sublease from Cozen O'Connor. Built as a law firm installation with a mix of windowed offices, interior offices and open areas. Lease term: through September 2016.
100 Broadway
2,360 to 5,424
$29
Sublease from Buro Happold. The space can be demised or shared. Built as mostly open plan with 2 shared conference rooms. Furniture is available. Lease term: 2 to 4 years.
405 Lexington Avenue
3,876
$45
Sublease from Michael Page Int'l. Built with mix of windowed offices and windowed open area, windowed conference room. Lease term: 1 to 6 years.
420 Lexington Avenue
3,975
Low $40's
Sublease from Wolfe Trahan. Built with windowed offices and open area. Furniture is available. Lease term: 1 to 3 years.
105 Madison Avenue
13,350
$32
Sublease from DHL. Move-in condition, built with 17 windowed offices, 3 interior offices, 2 interior conference rooms, 2 open areas. Lease term: through February 2013.
75 Maiden Lane
12,650 divisible
Mid $20's
Sublease from ORT America. Built with a mix of windowed offices, windowed conference rooms, open areas. Lease term: through May 2016.
299 Park Avenue
8,823
High $40's
Sublease from Cerberus. Built with a mix of windowed offices and open area for 20 trading positions, corner windowed conference room. Lease term: through April 2018.
257 Park Avenue South
12,300
$35
Sublease from Independence Care Systems. Built with 11 windowed offices, windowed conference room, windowed meeting room, 35 workstations in the open area. Lease term: through July 2014.
570 Seventh Avenue
1,600
$33
Sublease from Just One Break (JOB). Built with 2 windowed offices, 1 windowed double office or conference room, open area, separate entrance. Furniture and phones are available. Lease term: through March 2016.
666 Third Avenue
6,877
Mid $40's
Sublease from Credit Agricole. Built with 2 windowed offices and 32 workstations. Lease term: through May 2015.
2 Wall Street
2,500
$40
Sublease from Christophe Associates PC. Built with a mix of windowed offices, interior open area and windowed conference room. Lease term: 2 to 5 years.
44 Wall Street
16,100
$teens
Sublease from ITG. Built with 17 windowed and interior offices, interior conference room, open area for trading. Furniture and phones can be made available. Lease term: through September 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