Office Space Deals April 2017 2017-07-13T11:43:46+00:00

BEST DEALS ON NYC OFFICE SPACE
APRIL, 2017

April 2017
 
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Subleases Galore
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Newsletter of Wharton Property Advisors, Inc.
April 2017

Best Deals on Office Space in New York City
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"For time and the world do not stand still. Change is the law of life. And those who look only to the past or the present are certain to miss the future."

John F. Kennedy
 

As our many successful friends and clients know, change is the hallmark of business as well. This may require a fresh look at your company’s office situation.  Exciting new ideas for the office space of the future are percolating to make businesses more efficient and creative.  The forward-looking experts at Wharton Property Advisors can draw on their extensive experience to help your business exploit new opportunities and adapt to challenges in the New York City office market.

Always monitoring the market, we scour the available opportunities for bargain properties. If you need assistance dealing with thorny office leasing issues Wharton Property Advisors can help.

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.



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Plaza District Spaces
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415 Madison Avenue
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9,993 RSF        $52/SF

Sublease from Circa, Inc.
15 offices, open space, conference room, pantry, and reception area.
Perfect for hedge fund.
Lease term through March 2024.

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1290 Avenue of the Americas
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25,457 to 51,553 RSF available
high-$60's to $79/SF


Sublease from Fitzpatrick Cella.
17th Floor, the ask is high-$60's/SF
8 partner offices, 34 associate offices, open area, 3 conference rooms, kitchen, and reception area.
18th Floor, the ask is $79/SF
16 partner offices, 21 associate offices, open area, 2 conference rooms, kitchen, and reception area.
Law firm space.
Lease term through October 2024.

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712 Fifth Avenue
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3,318 RSF        $82/SF

Sublease from Unifund.
10 offices, open area, conference room, pantry, and reception area.
Ideal for law firm or other office intensive use.
Lease term through November 2022.

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599 Lexington Avenue
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17,627 RSF        $84/SF

Sublease from K&L Gates LLP.
28 offices, open area, conference room, pantry, and reception area.
Ideal for private equity or law firm.
Lease term through December 2029.
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501-505 Madison Avenue
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8,938 RSF        $75/SF

Sublease from MBS Value
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14 offices, 2 interior offices, open area, 3 conference rooms, pantry, and reception area.
Ideal space for finance or private equity.
Lease term through December 2022.
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515 Madison Avenue
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7,318 RSF        $59/SF

Sublease from The Freedom Institute.
12 offices, open area, 2 conference rooms, 2 breakout rooms, pantry, and reception area.
Perfect for non-profit or any office use.
Lease term through May 2022.

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70 East 55th Street
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5,835 RSF        mid-$50's/SF

Sublease from MP Advisors.
11 offices, open area, conference room, pantry, and reception area.
Suitable for finance or law firm.
Lease term through December 2019.
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Penn Plaza/Times Square Spaces
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729 Seventh Avenue
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Private offices and cubicles available

Sublease from a prestigious foundation.
Will sublet all or part of available space.
1 windowed private offices and 7 workstations.
Shared access to 20 seat conference room, 10 seat conference room, 6 seat conference room, kitchen and reception/services area.
Unique opportunity for a nonprofit, foundation, law firm or any office tenant.
Lease term: 1 to 7 years.
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28 West 44th Street
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9,813 RSF        high-$30's/SF

Sublease from SAX/BST Accounting.
21 offices, open area, conference room, pantry, and reception area.
Perfect for accounting or law firm.
Lease term through February 2018.
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1185 Avenue of the Americas
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14,278 RSF        $57/SF

Sublease from King and Spalding.
16 windowed offices, 3 internal offices, open area, 2 conference rooms, pantry, and reception area.
Perfect space for law firm.
Lease term through October 2025.
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1251 Avenue of the Americas
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11,096 RSF        $85/SF

Sublease from Trust Company of the West.
13 windowed offices, 3 interior offices, open area, 2 conference rooms, pantry, and reception area.
Perfect space for consulting practice or finance.
Lease term through February 2022.
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1411 Broadway
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24,845 RSF        $55/SF

Sublease from Nine West Holdings.
7 offices, large open area, 3 conference rooms, 5 showrooms, pantry, and reception area.
Perfect space for fashion showroom or creative use.
Lease term through April 2027.
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1633 Broadway
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36,393 RSF        mid-$50's/SF

Sublease from Extreme Reach Inc.
16 windowed offices, 4 interior offices, large open area, board room, 3 conference rooms, 2 meeting rooms, pantry, and reception area.
Perfect space for new media, advertising or marketing.
Lease term through April 2028.
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Midtown South Spaces
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54 West 21st Street
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1,545 RSF                        $63/SF


Sublease from Bowles, Cohn and Crow.
Open space with a conference room.
Ideal for TAMI tenant.
Lease term through February 2020.
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127 West 26th Street
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3,500 RSF                        $53/SF


Sublease from Analog Folk.
Open seating for 30, 3 conference rooms, and pantry.
Suitable for tech firm or new media.
Lease term through December 2018.
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129 West 29th Street
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5,000 RSF                        $49/SF


Sublease from Frontier Payments, Inc.
6 windowed offices, 4 interior offices, open area for workstations, conference room, IT room, and pantry.
Suitable for tech firm or creative use.
Lease term through May 2019.
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1140 Broadway
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2,350 RSF                  $65/SF


Sublease from APT Company.

Open area for 20 workstations, conference room, and pantry.
Ideal TAMI layout.
Lease term through February 2021.
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120 Fifth Avenue
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6,200 RSF                  $73/SF


Sublease from Factory 360.
2 offices, open space for 40+ workstations, conference room, and pantry.
Ideal for TAMI use or broker dealer.
Lease term: 18 months to 5 years.

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135 - 141 West 20th Street
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4,123 RSF                  $58/SF


Sublease from Pay Perks Inc.
4 private offices, open space, board room, 2 meeting rooms, phone room, pantry, and reception area.
Ideal for tech or new media.
Lease term through December 2018.

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Grand Central Area Spaces
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6 East 45th Street
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4,674 RSF        $32/SF

Sublease from Adeptus.
6 offices, open area, conference room, kitchen, private restrooms, and reception area.
Ideal for accounting, law firm or any office use.
Term through December 2018.
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60 East 42nd Street
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12,720 RSF        high-$60's/SF

Sublease from Marketfield.
16 windowed offices, open area, 2 conference rooms, pantry, and reception area.
Suitable for law firm or other office intensive use.
Term: negotiable.
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245 Park Avenue
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9,313 RSF        $75/SF

Sublease from SEB.
1 office, open area with seating for 35,conference room, breakout room, pantry, and reception area.
Perfect for broker dealer or hedge fund.
Term through October 2022.
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Downtown / Financial District Spaces
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1 World Trade Center
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2,556 RSF        $80/SF

Sublease from ITI Data
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2 windowed offices, 2 interior office, open area, conference room, pantry, and reception area.
Perfect for private equity.
Term: 6 months to 2 years.
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60 Broad Street
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5,758 RSF        $44/SF

Sublease from Kaufman Dolovich.
11 offices, open area, conference room, pantry, and reception area.
Perfect for law firm.
Term through August 2021.
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55 Broadway
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10,557 RSF        $54/SF

Sublease from Zazoom Media Group.
6 offices, open space, 2 conference rooms, 3 studios, pantry, and reception area.
Perfect for media firm or broadcasting.
Term through March 2025.
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61 Broadway
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4,022 RSF        low-$50's/SF

Sublease from Chicago Board Options Exchange.
7 offices, open area, conference room, IT room, storage, pantry, and reception area.

Ideal for hedge fund or broker dealer.
Term through May 2025.


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Contact Ruth Colp-Haber at
212.759.0408
ruth@whartonproperties.net
for more details about these spaces and other opportunities.

www.whartonproperties.net
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!

April 2017