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Conventional Ideas About Subleasing Are
Changing
"Conventional Ideas About Subleasing Are Changing"
"The shortage of both very large and very small blocks of space in prime buildings, coupled with a general reluctance on the part of many business people to lock themselves into long-term leases, has turned even short-term sublets into marketable commodities."
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Hooking the Trophy Fish
"Hooking the Trophy Fish"
"Ruth Colp-Haber, Principal Wharton Property Advisors, Inc."
Ruth Colp-Haber "…is in the business of establishing working relations with smaller clients, whose word-of-mouth advertising makes rain for the broker."
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Square Feet: Manhattan Market Dips, but Parts Remain Rarefied
"Square Feet: Manhattan Market Dips, but Parts Remain Rarefied"
Ruth Colp-Haber, a partner at Wharton Properties Advisors, which represents small- to medium-size tenants, is currently negotiating a lease in the West 30’s and said she is "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."
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Extra Office Space? Subleasing is a Winning Strategy
"Extra Office Space? Subleasing is a Winning Strategy"
"Extra office space is a non-financial asset within your overall portfolio that has unique potential. If you have under utilized space of over 1,000 rsf hiring an experienced real estate agent will help you maximize its return."
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Need Office Space? Hire a Specialty Firm
"Need Office Space? Hire a Specialty Firm"
"…if a business wants a seasoned professional solely concentrated on their space search, they can find this dedication at an Office Leasing Specialty Firm. At Specialty Firms, highly experienced commercial real estate principals derive their compensation from finding perfect space for tenants."
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Downtown, a Menu of Incentives
"Downtown, a Menu of Incentives"
"A lot of New Yorkers want to distance themselves from what happened there," said Ruth Colp-Haber of Wharton Property Advisors, a brokerage that represents tenants. "It is as if Manhattan has been divided into two cities, with 14th Street as the border."
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Sublease Space: New Year's Wild Card
"Sublease space: New Year's Wild Card"
"You have to look at the subleasing market. This is the first indicator of a weakening of the economic picture and the real estate picture," said Ruth Colp-Haber, partner at Wharton Property Advisors. "The sublets are really a harbinger of weakened markets."
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Sublease Space Surges Onto Market in Manhattan
"Sublease Space Surges Onto Market in Manhattan"
"Much of the sublet space is concentrated downtown", says 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."
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Trophy Deals Overpower Mediocre Middle Market
"Trophy Deals Overpower Mediocre Middle Market"
According to Colp-Haber, "There is still so much new space that comes on the market every day. I see that there is a good deal available, there are a lot of different options and tenants are taking their time."
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Space Is Tight, Office Markets Robust
"Space Is Tight, Office Markets Robust"
High rentals and the shortage of space "represent a significant impediment to small business growth in New York City"…. "This is the downside of an otherwise vibrant economy and booming real estate market. In sum: things are so good, they’re bad."
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