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

BEST DEALS ON NYC OFFICE SPACE
NOVEMBER, 2016

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

Best Deals on Office Space in New York City
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"Carve the peg only after studying the hole."
 
Korean proverb

The search for office space is art not science. We custom craft the search for your office space so that it is tailored to precisely suit your company's needs. Your time is extremely valuable, accordingly we only want to present options that can work for your geographic, economic and configuration requirements.

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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32 East 57th Street
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2,496 RSF        $75/SF

Sublease from Rejuvenan Global Health.
2 separate open areas, conference room, pantry, private terrace, and reception area
Ideal for creative use.
Lease term through February 2020.
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579 Fifth Avenue
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11,655 RSF        $65/SF

Sublease from Bank Leumi.
5 offices, open area with seating for 33+, 2 conference rooms, pantry, and reception area.
Ideal for hedge fund or trading.
Lease term through November 2023.
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625 Madison Avenue
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37,467 RSF        $53/SF

Sublease from Stuart Weitzman/Coach.
25 windowed offices, 18 interior offices, open area cubicles for 42, board room, conference room, 7 show rooms/conference rooms, pantry, and reception area.
Ideal for show room  or office intensive use.
Lease term through June 2022.
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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.
3 windowed private offices and 5 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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100-126 West 33rd Street
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2,600 RSF        $52/SF

Sublease from Gerson & Gerson.
3 offices, open space, pantry, and reception area.
Suitable for insurance or marketing.
Lease term through February 2019.

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1441 Broadway
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10,004 RSF        $65/SF

Sublease from CPXi.
Large open area withe seating for 70+, 5 meeting rooms, conference room, large pantry, and reception area.
Perfect for technology, advertising or new media.
Lease term through December 2022.
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11 West 42nd Street
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22,511 RSF        $59/SF

Sublease from ICAP.
6 Exterior offices, 4 interior offices, open are with seating for 100+, board room, 3 conference rooms, pantry, and reception area.
Perfect for trading firm or hedge fund.
Lease term through February 2021.

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1040-1048 Avenue of the Americas
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4,250 RSF        $55/SF

Sublease from Boy Scots of America.
2 executive offices, 2 windowed offices, 3 internal offices, open area, conference room, pantry, and reception area.
Perfect for law firm or CPAs.
Lease term through October 2024.
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1440 Broadway
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33,641 RSF                       $40/SF

Sublease from Kate Spade.
This is raw space, the floor has recently been demolished.
Lease term through January 2022.

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10 West 33rd Street
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10,745 RSF                       $45/SF

Sublease from Celebrity Furniture.
7 offices, open space for 40+,conference room, 4 meeting rooms, show room space, storage rooms, print/copy/fax rooms2 pantries, and reception area.
Fashion accessory, apparel and home furnishing tenants only.
Lease term through December 2019.

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300 - 302 Fifth Avenue
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6,044 RSF                       $54/SF

Sublease from Thoughtfocus Technologies.
3 offices, open area with seating for 38+, 2 conference rooms, pantry, and reception area.
Suitable for TAMI tenants.
Lease term through February 2024.
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498 Seventh Avenue
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30,191 RSF                       $49/SF

Sublease from Defy Media.
11 offices, seating for 142+ in open area, 4 conference rooms, 6 meeting rooms,pantry, and reception area.
Creative high end space suitable for TAMI tenants.
Lease term through January 2019.
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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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155 West 19th Street
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4,069 RSF                       $60/SF

Sublease from Ameriprise.
3 windowed offices, open area, conference room, and large kitchen.
Ideal for TAMI tenant.
Lease term through July 2020.

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35 East 21st Street
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5,685 RSF                       $60/SF

Sublease from MMGY Global.
2 large offices, 2 small offices, open area, 1 conference room, server room, kitchen, and reception area.
Ideal for tech or creative firm.
Lease term through November 2020.

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601 West 26th Street
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1,351 RSF                       $75/SF

Sublease from Upper Studio Inc.
Open layout. Tall ceilings and high windows.
Ideal for any creative firm.
Lease term through June 2020.

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625 Avenue of the Americas
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35,156 RSF                       $80/SF

Sublease from EMC/Pivotal.
2 executive corner offices, 7 offices, large open spaces with seating for 138+, 6 small conference rooms, 6 large conference rooms, 2 boardrooms, lounge, pantry, and reception area.
Ideal for any TAMI firm.
Lease term through July 2023.

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100 - 104 Fifth Avenue
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10,584 RSF        $75/SF

Sublease from Knewton.
Open area with seating for 80, 2 conference rooms, 3 meeting rooms, IT room, private restrooms, large pantry, and reception area.

Perfect for tech or marketing firm.
Lease term: 3 - 5 years.
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Grand Central Area Spaces
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6 East 45th Street
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4,674 RSF        $39/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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505 Fifth Avenue
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10,431 RSF        $68/SF

Sublease from Silicon Valley Bank.
14 offices, large open area, large boardroom, conference room, pantry, and reception area.
Ideal for private banking or hedge fund.
Term through May 2021.
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237 Park Avenue
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15,700 RSF        $43/SF

Sublease from JP Morgan Chase.
19 offices, 37 cubicles in open areas, conference room, and pantry.
Ideal for banking, accountants or insurance.
Term through July 2020.
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489 Fifth Avenue
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4,988 RSF        $70/SF

Sublease from Envestnet.
9 windowed offices, open area, storage, copy room, IT room, and pantry. Views of Bryant Park and library.

Ideal for private investment or law firm.
Term through August 2021.

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Downtown / Financial District Spaces
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80 Pine Street
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13,068 RSF        $49/SF

Sublease from Acotel.
One executive corner office, 14 peripheral windowed offices, open area with seating for 44+, 2 corner conference rooms, IT
 rooms, pantry/cafe, and reception area.
Creative installation suitable for many types of uses/firms.
Term through May 2022.
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80 Broad Street
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5,605 RSF        $49/SF

Sublease from Sher Tremont LLP.
4 executive offices, 5 private offices, 1 interior office, 2 conference rooms, pantry, and reception area.
Suitable for accountants or law firm.
Term through February 2020.
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2 Wall Street
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10,281 RSF        $43/SF

Sublease from American Education Center.
12 perimeter offices, 2 conference rooms, interior meeting room, pantry, and large reception area.
Perfect for law firm.
Term through July 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!

November 2016