Office space deals December 2016 2017-07-13T11:43:47+00:00

BEST DEALS ON NYC OFFICE SPACE
DECEMBER, 2016

 
December 2016
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Subleases Galore
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Newsletter of Wharton Property Advisors, Inc.
December 2016

Best Deals on Office Space in New York City
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The Holiday Season is here
and the bargains are not only in the Department Stores.
 

 
The long historical march of high office rents is starting to level off. Landlords have been riding high for many years. As questions about the economy arise, cracks are appearing in the rising rent trends.

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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40 West 57th Street
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25,000 RSF        $92/SF

Sublease from Burnham Securties.
26 offices, open areas with 38 workstations, 3 conference rooms, storage/file room, copy room, pantry, and reception area.
Ideal for hedge fund or trading.
Lease term through July 2024.

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110 East 59th Street
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13,284 RSF        $59/SF

Sublease from IMAX.
19 offices, open area with 15 workstations, 3 conference rooms, kitchen/pantry, and reception area.
Ideal for private equity or law firm.
Lease term through August 2019.

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1370 Avenue of the Americas
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2,344 RSF        $75/SF

Sublease from ES Originals.
One office, open space.
Ideal for show room use.
Lease term through February 2019.
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665 Fifth Avenue
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12,300 RSF        $68/SF

Sublease from FTS Industries.
6 offices, open area, conference room, show room, pantry, and reception area.
Ideal for show room  or any type of creative use.
Lease term through January 2021.
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488 Madison Avenue
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9,438 RSF        $59/SF

Sublease from Municipal Art Society of NY.
8 offices, open area with 28 workstations, 2 conference rooms, 3 meeting rooms, IT room, copy/storage room, pantry, and reception area.
Ideal for TAMI or non-profit tenants.
Term through December 2024.



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510 Madison Avenue
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11,500 RSF        $117/SF

Sublease from Fore.
1 executive office, 5 offices, open area with 36 trading positions, board room, 2 conference rooms,  IT room, copy/storage room, pantry, lounge, and reception area.
Perfect for trading or hedge fund.
Term through December 2022.
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654 Madison Avenue
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7,736 RSF        $50/SF

Sublease from Ralph Lauren.
10 offices, bull pen with workstations, large flexible training room/open area, pantry, and reception area.
Perfect for marketing or finance use.
Term through December 2019.
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277 Park Avenue
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24,618 RSF        $42/SF

Sublease from MetLife.
33 offices, large open areas with 78 cubicles, 2 conference rooms, meeting room, IT closet, pantry, and reception area.
Perfect for law firm or accounting.
Term through May 2020.
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Penn Plaza/Times Square Spaces
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555 Eighth Avenue
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1,350 RSF        $45/SF

Sublease from Hebrew Public.
Separate identity/entrance available. 2 windowed private offices, 2 interior private offices. Shared access to open kitchen area, reception area and conference room.
Turnkey, furniture available.
Perfect for non-profit or other office use.
Lease term: 1 to 3 years.

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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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350 Fifth Avenue
The Empire State Building
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1,672 RSF                     $53/SF

5,215 RSF                     $50/SF
6,887 RSF available

Sublease from Legacy Benefits Corporation.
Contiguous suites of 1,672 RSF
 and 5,215 RSF can be combined for a total of 6,887 RSF.
Large suite has 2 corner offices, 7 windowed offices, 2 interior offices, 9 cubicles, conference room, kitchen/server room, and reception area.
Small suite has 1 office/conference room and two open areas with 9 workstations.
Both suites have great views.
Ideal for law firm, accounting or marketing.
Lease term through April 2021.

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500 Fifth Avenue
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10,914 RSF        $63/SF

Sublease from Kanematsa USA.
7 offices, open area, 2 conference rooms, pantry/lounge, and reception area.
Suitable for hedge fund or trading.
Lease term through January 2025.

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Midtown South Spaces
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531 West 25th Street
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2,000 or 3,500 RSF                        $56/SF


Sublease from MediaBend Capital Inc.
Beautiful turnkey sublet space in prime Chelsea District, next to the High Line.
2,000 RSF space is completely open, access to conference room.
3,500 RSF space has an open area and access to a conference room.

Shared reception area with glass entry doors into separate spaces, shared pantry and restrooms.
Ideal for New Media, Creative, Advertising or Fashion use.
Lease term: 3 to 5 years.
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250 Hudson Street
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27,039 RSF                       $59/SF

Sublease from American Express.
16 Interior offices, open areas with 144 workstations, 6 conference rooms, 4 break rooms,lockers, pantry and reception area.
Ideal for TAMI tenant.
Lease term through October 2021.
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148 Lafayette Street
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12,315 RSF                       low-$70's/SF

Sublease from Dolce & Gabbana.
9 offices, open area, conference room, lounge, pantry, and reception area.
Ideal for fashion or any creative use.
Lease term through October 2023.


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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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3,478 RSF        $56/SF

Sublease from Jumeirah International LLC.
2 large partner offices, 3 additional windowed offices, open area, pantry/copy room, and Reception area.
Ideal for private banking or hedge fund.
Term through October 2019.
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122 East 42nd Street
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5,005 RSF        mid-$40's/SF

Sublease from Telecom Infrastructure Group/
5 offices, open area, conference room, pantry, and reception area.
Ideal for private equity, accounting or trading.
Term through July 2019.
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555 Fifth Avenue
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6,031 RSF        $59/SF

Sublease from Playboy Enterprises.
4 offices, open area, conference room, IT room, pantry, and reception area.
Ideal for marketing or office use.
Term through September 2024.
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370 Lexington Avenue
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3,763 RSF        $56/SF

Sublease from Knowvera.
4 offices, open area, conference room, pantry, and reception area.
Ideal for any office use.
Term through February 2019.

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275 Madison Avenue
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3,581 RSF        $66/SF

Sublease from Genesis Investment.
1 office, open area, 2 conference rooms, pantry, and reception area.
Ideal for trading floor or hedge fund.
Term through November 2018.


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675 Third Avenue
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7,197 RSF        $56/SF

Sublease from Bermuda Travel Authority.
9 offices, open area with workstations, conference room, server room, storage room, pantry, and reception area.
Ideal for non-profit or any office use.
Term through May 2019.

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Downtown / Financial District Spaces
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80 Pine Street
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13,632 RSF        $39/SF

Sublease from AIG.
Seven interior offices, open space with 57 workstations, conference room, work room, file rooms, copy rooms, pantry/break room, and reception area. Furniture included.
Large open seating area suitable for finance, tech firm or marketing.
Term through December 2021.

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17 State Street
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2,103 RSF        $62/SF

Sublease from Trident Brokerage Services.
2 offices, open area, conference room.
Perfect for a hedge fund or brokerage firm.
Term through November 2019.

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1 Liberty Plaza
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30,151 RSF        $49/SF

Sublease from Flemming Zulack Williamson Zauderer LLP.
12 partner offices, 13 associate offices, 4 conference rooms,5 case rooms, 24 workstations, 2 pantries, and reception area.
views on 4 sides, move-in condition and furniture available.
Perfect for a law firm.
Term through June 2018 (extension available).

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50 Broad Street
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1,924 RSF        $43/SF

Sublease from Zady inc.
Open office/showroom, conference room, storage room, and pantry.
Perfect for a tech firm or new media.
Term through December 2021.

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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!

December 2016