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

BEST DEALS ON NYC OFFICE SPACE
MARCH, 2017

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

Best Deals on Office Space in New York City
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"Business opportunities are like buses, there's always another one coming."

Richard Branson
 

With all the new building going on in New York City, there are a wide variety of office space opportunities at all price points. And if you don't like what's available today, there is always a new leasing opportunity tomorrow. Wharton Property Advisors is ready to help you make the right choice. With our many years of experience and knowledge of the market, we can show you the right solutions for your office space problem.

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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300 Park Avenue
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32,196 RSF        high-$60's/SF

Sublease from Trunk Club.
3 offices, large open area, conference room, pantry, and reception area.
Access to large terrace with Park Avenue views.
Ideal for advertising, marketing or other creative uses.
Lease term through April 2024.

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280 Park Avenue
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4,000 RSF        $105/SF

Sublease from Gibraltar Private Bank.
5 windowed offices, 2 interior offices, open area, conference room, and reception area.
Ideal for private equity or hedge fund.
Lease term through July 2022.
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55 East 59th Street
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2,300 RSF        $65/SF

Sublease from Faith Popcorn' Brainreserve.
Open area, 2 conference rooms, kitchen.
Ideal for creative use.
Lease term through December 2019.
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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 law firm or private equity.
Lease term through December 2029.
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444 Madison Avenue
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12,183 RSF        $64/SF

Sublease from Burberry.
3 offices, large open area, conference room, pantry, and reception area.
Great space for tech firm or creative use.
Lease term through March 2024.
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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 law firm or any office use.
Lease term through May 2022.

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590 Madison Avenue
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3,932 RSF        $110/SF

Sublease from Abadi & Co.
3 offices, team room/trading floor, conference room, pantry, and reception area.
Ideal hedge fund or trading installation.
Lease term through September 2021.

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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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6,887 RSF                     $50/SF


Sublease from Legacy Benefits Corporation.
suite has 2 corner offices, 8 windowed offices, 2 interior offices, 18 cubicles, conference room, kitchen/server room, and reception area.
Ideal for law firm, accounting or marketing.
Lease term through April 2021.

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132 West 31st Street
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8,818 RSF        $61/SF

Sublease from Houghton Mifflin Harcourt.
4 offices, open area, 2 breakout rooms, conference room, pantry, and reception area.
Suitable for tech or new media.
Lease term through November 2025.
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49 West 38th Street
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4,600 RSF        $44/SF

Sublease from Stephen Webster USA.
2 offices, open area, conference room, and pantry.
Perfect space for tech firm or creative use.
Lease term through September 2021.

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Midtown South Spaces
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304 Hudson Street
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5,543 RSF                        $57/SF


Sublease from ASAPP Inc.
3 offices, large open area, 2 large conference rooms, pantry, and reception area.
Ideal for TAMI tenant,
Lease term through February 2019.
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381 Park Avenue South
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3,885 RSF                        $65/SF


Sublease from Dwellworks, LLC.
6 offices, open area, conference room, pantry, and reception area.
Suitable for tech firm or new media.
Lease term through August 2020.
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333 Seventh Avenue
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11,000 RSF                        $49/SF


Sublease from Jed Root, Inc.
4 offices, open area, conference room, lounge, pantry, and reception area.
Suitable for tech firm or creative use.
Lease term through January 2024.
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31-35 West 27th Street
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11,578 RSF                  mid-$60's/SF


Sublease from VSCO.
2 offices, large open area, conference room, pantry, and reception area.
Ideal TAMI layout.
Lease term through October 2025.
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437 West 16th Street
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10,785 RSF                  $105/SF


Sublease from Intercept Pharmaceuticals.
2 floors of 5,382 RSF and 5,403 RSF must be leased together.

1st floor has open area, conference room, training room, pantry, and reception area.
2nd floor has 4 offices, open area, and conference room.
Ideal for TAMI use.
Lease term through February 2021.

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257 Park Avenue South
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12,636 RSF                  $62/SF


Sublease from Oracle.
6 offices, large open area,conference room, pantry, and reception area.
Ideal for tech or new media.
Lease term through January 2022.

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475 Park Avenue South
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2,005 RSF        $54/SF

Sublease from Getzel, Schiff & Pesce LLP.
4 offices, open area, conference room, and reception area.
Ideal for accountants or law firm.
Term through November 2020.

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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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12 East 46th Street
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2,600 RSF        $39.50/SF

Sublease from Oren's Coffee.
2 windowed offices, 4 interior offices, open area, conference room, pantry, and reception area.
Ideal for TAMI tenants.
Term through April 2019.

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230 Park Avenue
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1,749 RSF        high-$60's/SF

Sublease from Hildene.
2 offices, bullpen, pantry, and reception area.
Perfect for trading or private equity.
Term through April 2019.
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140 East 45th Street
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9,804 RSF        $70/SF

Sublease from IHS Inc.
8 offices, bullpen, large conference room, small conference room, meeting room, large pantry, and reception area.
Perfect for marketing, publishing or trading.
Term through July 2021.
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Downtown / Financial District Spaces
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160 Broadway
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2,000 RSF        $39/SF

Sublease from LRS, Inc.
Large Open bull pen wait ha conference room, shared reception area.
Perfect for architect or financial services.
Term: 1 to 3 years.

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75 Broad Street
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4,000 RSF        $40/SF

Sublease from OrderGroove Inc.
1 office/conference room, large open area, and reception area.
Shared access to board room and terrace.
Ideal for tech or creative firm.
Term: 1 year to 18 months.


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48 Wall Street
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10,186 RSF        $45/SF

Sublease from D.F. King & Co. Inc.

8 offices, large open work area, conference room, pantry, and reception area.
Perfect space for tech firm or creative use.
Term through January 2022.


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120 Wall Street
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13,076 RSF        $48/SF

Sublease from AFS-USA.
5 offices, open bench seating, 2 conference rooms, pantry, and reception area.
Ideal for non-profit or tech firm.
Term through June 2029.



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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!

March 2017