Office Space Deals June, 2017 2017-08-10T14:35:45+00:00

BEST DEALS ON NYC OFFICE SPACE
JUNE, 2017

June 2017

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

Best Deals on Office Space in New York City
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"The interval between the decay of the old and the formation and establishment of the new constitutes a period of transition which must always necessarily be one of uncertainty, confusion, error, and wild and fierce fanaticism."

John C. Calhoun (1782 - 1850)
Senator from South Carolina

We live in a time of disruption and upheaval—political, technological, social and economic. But here is the important issue for your business: should you lock in a long term or short term lease?  One thing is certain,  Wharton Property Advisors can help with your office space needs whether the market is up or down.  We scour the city for the best deals available and will provide you with expert advice on your lease situation.
 
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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601 Lexington Avenue
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15,932 RSF        $120/SF

Sublease from Freshfields.
25 Windowed offices, 3 interior offices, open space, pantry, and reception area.
Perfect for law firm or accounting.
Lease term through June 2026.

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444 Madison Avenue
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20,293 RSF        mid-$60's/SF

Sublease from Wasserman Media Group
.
5 windowed offices, 20 interior offices, open area, conference room, 3 meeting rooms, pantry, and reception area.
Perfect for tech or media firm.
Lease term through August 2022.

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590 Madison Avenue
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25,499 RSF        $110/SF

Sublease from Pine River Capital Management
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5 executive offices, 11 offices, open trading area, 3 conference rooms, board room, private locker room, pantry, and reception area.
Perfect for hedge fund or broker dealer.
Lease term through May 2022.

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845 Third Avenue
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1,930 RSF         $58/SF

Sublease from Gordon Companies.
3 offices, open area, conference room, and reception area.
Suitable for private equity or hedge fund.
Lease term through December 2018.

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Penn Plaza / Times Square Spaces
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729 Seventh Avenue
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Cubicles available

Sublease from a prestigious foundation.
Will sublet all or part of available space.
5 workstations/cubicles available.
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 6 years.
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1095 Avenue of the Americas
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4,636 RSF        $90/SF

Sublease from Lukoil.
1 office, open area, conference room, copy room, IT room, copy room, panty, and reception area.

Perfect for broker dealer or hedge fund.
Lease term through February 2021.
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28 West 44th Street
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1,949 RSF        $46/SF

Sublease from Ashland Partners.
1 office, conference room or second office, open area.
Suitable for accounting or consulting firm.
Lease term through August 2022.
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1400 Broadway
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34,591 RSF        $59/SF

Sublease from Ondeck Capital.
Large open area for 220+, 7 meeting rooms, 2 conference rooms, 4 phone booths, 2 kitchens, and reception area.
Ideal for broker-dealer or TAMI tenant.

Lease term through October 2026.
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469 Seventh Avenue
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3,600 RSF        $58/SF

Sublease from Baha Industries.
3 offices, open area, conference room, pantry, and reception area.
Perfect space for accounting or broker dealer.
Lease term: 3 to 5 years.
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Midtown South Spaces
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31 West 27th Street
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11,578 RSF                        $59/SF

Sublease from VSCO.
2 offices, open area, 2 conference rooms, pantry, and reception area.
Ideal for TAMI tenant or broker dealer.
Lease term through October 2025.
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27 West 24th Street
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5,788 RSF                        $65/SF


Sublease from Stash Investment.
1 office, open area for 40+ people, 2 conference rooms, 3 phone booths, and pantry.
Creative workspace suitable for TAMI tenants.
Lease term through December 2020.
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601 West 26th Street
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2,653 RSF                     $68/SF


Sublease from Diller Scofidio.
Open layout with pantry.
Suitable for tech firm or creative use.
Lease term through June 2021.
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6 Harrison Street
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7,534 RSF                  $60/SF


Sublease from Steven Alan Productions, LLC.
6 offices, open area, conference room, 2 meeting rooms, pantry, and reception area.
Ideal for media or creative use.
Lease term through July 2021.
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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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360 Madison Avenue
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7,529 RSF        $69/SF

Sublease from Archstone Partnerships.
8 windowed offices, 1 interior office, open area, 2 conference rooms, copy/file room, pantry, and reception area.
Suitable for law firm or financial firm.
Term through November 2021.

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140 East 45th Street
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16,000 RSF        $55/SF

Sublease from Trident Retail Media.
14 windowed office, 2 interior offices, open area, 3 conference rooms, 4 phone booths, IT room, pantry, and reception area.
Suitable for law firm or hedge fund.
Term through October 2025.

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125 Park Avenue
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7,786 RSF        $65/SF

Sublease from Global Business Travel.
10 offices, open area, 2 conference rooms, pantry, and reception area.
Suitable for law firm, accounting or finance.
Term through January 2027.

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60 East 42nd Street
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1,500 RSF        $56/SF

Sublease from Market Shield Asset Management.
2 large open rooms.
Term: up to 8 years.


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Downtown / Financial District Spaces
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120 Broadway
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3,698 RSF        $46/SF

Sublease from TruMid.
2 offices, open area, conference room, pantry, and reception area.
Perfect for tech firm or broker dealer.
Term through September 2020.
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140 Broadway
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1,525 RSF        $62/SF

Sublease from Netnames.
2 offices, open area, pantry.
Perfect for marketing, advertising or any creative use.
Term through July 2020.
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222 Broadway
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26,664 RSF        $61/SF
25,678 RSF        $61/SF
52,342 RSF
 total available

Sublease from Conde Nast.
2 full floors available.
Creative layouts with large open areas, private offices, conference rooms, pantry, and reception area on each floor.
Floors can be sublet separately or together.
Brand new TAMI installation.
Term through July 2029.
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77 Water Street
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12,171 RSF        $45/SF
 8,088 RSF        $45/SF
20,259 RSF
 total available

Sublease from Quad Capital Management Advisors, LLC.
2 partial floors available, floors can be sublet separately or together.
a mixture of offices and open space with an IT room, pantry, fitness center, and reception area.

Ideal for trading or broker dealer.
Term through August 2021.
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199 Water Street
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35,035 RSF        $43/SF

Sublease from Tullett Prebon Holdings.
10 windowed offices, 3 interior offices, large open area, conference room, pantry, and reception area.
Ideal for trading or broker dealer.
Term through December 2026.
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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!

June 2017