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

BEST DEALS ON OFFICE SPACE IN NEW YORK CITY – OCTOBER, 2016

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

Best Deals on Office Space in New York City
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"Get good counsel before you begin; and when you have decided, act promptly."
 
Sallust, 86-34 BC, Roman historian

Some things don't change. As in the Roman era, business people need  sound counsel when making major financial decisions. Wharton Property Advisors has deep knowledge of the leasing market grounded in experience through many up and down market cycles.

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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1270 Avenue of the Americas
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4,806 RSF        $72/SF

Sublease from BIMCO Media.
8 offices, open area, conference room, pantry, and reception area.
Ideal for technology or media firm.
Lease term through June 2020.
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1290 Avenue of the Americas
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12,148 RSF        mid-$50's/SF

Sublease from Neuberger Berman LLC.
11 offices, large open area, 4 conference rooms, pantry, and reception area.
Ideal for consulting or money management.
Lease term through December 2023.
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1370 Avenue of the Americas
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10,776 RSF        mid-$80's/SF

Sublease from B Asset Management.
3 large executive suites, 6 offices, large open area, 2 conference rooms, team room, copy room, pantry, and reception area.
Ideal for hedge fund or private equity.
Lease term through September 2024.
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444 Madison Avenue
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5,455 RSF        $78/SF

Sublease from Rogge Global Partners.
2 executive offices, 3 offices, open area, conference room, meeting room, pantry, and reception area.
Ideal for hedge fund, private equity or trading.
Lease term through April 2019.
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485 Madison Avenue
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14,101 RSF        $49/SF

Sublease from Egon Zehnder International.
14 offices, open area, executive boardroom, 2 large conference rooms, 2 breakout rooms, kitchen, and reception area.
Ideal for hedge fund, private equity or any office use.
Lease term through May 2022.
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540 Madison Avenue
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6,950 RSF        $98/SF

Sublease from FTV Management Company, LP.
2 executive offices, 6 offices, open area, 2 conference rooms, pantry, and reception area.
Ideal for hedge fund or private equity.
Lease term through April 2021.
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590 Madison Avenue
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3,379 RSF        $75/SF

Sublease from Brevan Howard US LLC.
One office, large open trading area, pantry, and reception area.
Ideal for broker dealer.
Lease term through January 2019.
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410 Park Avenue
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8,900 RSF        $75/SF

Sublease from China Citic Bank International Ltd.
Executive office, 7 windowed offices, bullpen, 2 conference rooms, store room, lunch room/pantry, and reception area.
Ideal for hedge fund or private equity.
Lease term through January 2020.
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777 Third Avenue
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2,556 RSF        $68/SF

Sublease from INVeSHARE.
3 offices, trading floor, open area, conference room, IT room, pantry, and reception area.
Ideal for broker dealer.
Lease term through June 2021.
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767 Fifth Avenue
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9,989 RSF        $65/SF

Sublease from JANA Partners LLC.
7 offices, large open area, 3 conference rooms, IT room, storage, pantry, and reception area.
Ideal for investment management.
Lease term: 1 to 5  years.
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277 Park Avenue
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24,618 RSF        low-$50's/SF

Sublease from Digital Realty Trust.
27 windowed offices, 8 interior offices, open space, 4 conference rooms, pantry, and reception area.
Ideal for law firm.
Lease term through January 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.
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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142 West 57th Street
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2,466 RSF        $65/SF

Sublease from LCN Capital.
3 offices, open trading area, conference room, pantry, and reception area.
Perfect for trading desk or hedge fund.
Lease term through August 2018.
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420 Fifth Avenue
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14,325 RSF        $50/SF

Sublease from Major League Soccer.
10 windowed offices, 22 Interior offices, open area, conference room, pantry, and reception area.
Perfect for law firm or accounting.
Lease term through November 2021.
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7 Times Square
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3,916 RSF        $59/SF

Sublease from Symantec.
5 offices, conference room, training room, pantry, and reception area.
Perfect for consulting or corporate training facility.
Lease term through June 2019.
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Midtown South Spaces
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531 West 25th Street
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2,000 RSF                       $58/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.
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 Avenue of the Americas
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9,926 RSF                       $62/SF

Sublease from AdTheorent.
2 offices, large open space, 2 conference rooms, and pantry.
Ideal for Creative, Advertising or New Media.
Lease term through October 2025.
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122 West 26th Street
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7,250 RSF                       $50/SF

Sublease from Argyle Executive Forum.
Large open area, 3 conference rooms, and pantry.
Ideal for creative firm, technology or new media.
Lease term through August 2020.

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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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122 East 42nd Street
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1,785 RSF        mid-$50's/SF

Sublease from Maloy Risk Services.
4 offices, bullpen, conference room, and pantry.
Ideal for insurance firm or accounting.
Term through April 2019.
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420 Lexington Avenue
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13,762 RSF        mid-$50's/SF

Sublease from Cohen Tauber Spievack & Wagner, PC.
23 offices, bullpen, 4 conference rooms, and pantry.
Ideal for law firm or accountants.
Term through February 2019.
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295 Madison Avenue
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2,586 RSF        $59/SF

Sublease from Pyrrho Capital Management.
2 offices, open area. conference room, IT room, pantry, and reception area.
Ideal for trading desk or hedge fund.
Term: 1 or 3 years.

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405 Lexington Avenue
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19,682 RSF        $48/SF

Sublease from Moses & Singer.
27 offices, 23 cubicles, 3 conference rooms, 2 pantries, and reception area.
Ideal for law firm, accounting or any office use.
Term through January 2021.
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Downtown / Financial District Spaces
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60 Broad Street
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5,758 RSF        $44/SF

Sublease from Kaufman Dolowich & Voluck, LLP.
11 offices, bullpen, large conference room, server room, storage area, and pantry.
Ideal for law firm or accounting.
Lease term through August 2021.

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1 World Trade Center
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4,156 RSF        $69/SF

Sublease from ACA Technology Solutions.
One office, conference room large open area, and pantry.
Ideal for trading floor or technology.
Lease term through August 2021.

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1 Battery Park Plaza
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8,068 RSF        $47/SF

Sublease from Aon.
10 offices, large open area, 2 conference rooms, pantry, and reception area.
Ideal for insurance, technology or trading floor.
Lease term through October 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!

October 2016