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

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

Best Deals on Office Space in New York City
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Welcome back from summer holiday!

For many the return to work after summer break is the most depressing time of the year. We enjoyed the advice below and would just add: Start to make your new office space plans; your morale is sure to improve immediately.

"Reconnect with your colleagues, highlight your priorities, make a to-do list and identify pragmatic things that you can check off. The quicker you can get going, the quicker you will forget the blues. If you're feeling really down, you could start planning your next holiday."

Patrick Amar
Investment Banker turned Clinical Psychologist
as quoted in The Financial Times
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Plaza District Spaces
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250 West 55th Street
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5,851 RSF        $105/SF

Sublease from Dwight Capital LLC.
4 windowed offices, interior office, open area, conference room, pantry, and reception area.
Ideal for trading or hedge fund.
Lease term through July 2020.
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126 East 56th Street
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3,843 RSF        $120/SF

Sublease from iPayment, Inc.
2 executive corner offices, 2 offices, open area, conference room, pantry, and reception area.
Huge terrace.
Ideal for hedge fund or private equity.
Lease term through June 2022.
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3 Columbus Circle
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5,933 RSF        $84/SF

Sublease from B2R Finance LP.
5 offices, open area, board room, pantry, and reception area.
Terrace with Central Park views.
Ideal for hedge fund or private equity.
Lease term through November 2022.
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750 Lexington Avenue
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7,175 RSF        mid-$60's/SF

Sublease from PPM America, LLP.
9 offices, open area, 2 conference rooms, file/copy room, pantry, and reception area.
Ideal for private equity.
Lease term through June 2019.
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444 Madison Avenue
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5,455 RSF        $90/SF

Sublease from Arrakasta Capital.
6 offices, open area, 2 conference rooms, IT room, pantry, and reception area.
Ideal for marketing or private equity.
Lease term through October 2020.
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320 Park Avenue
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4,516 RSF        $92/SF

Sublease from KDB/Daewoo.
Corner office, interior office, open area, 2 conference rooms, pantry, and reception area.
Ideal for hedge fund or trading desk.
Lease term through June 2022.
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390 Park Avenue
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21,452 RSF        $85/SF

Sublease from Alcoa.
2 floors with 28 open offices, 2 open bull pens, 5 conference rooms 2 pantries and reception area
Ideal for marketing or advertising.
Lease term through June 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.
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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132 West 31st Street
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6,079 RSF        $59/SF

Sublease from Tribune 365.
6 offices, open area, conference room, pantry, and reception area.
Perfect for sales office or trading desk.
Lease term through October 2021.

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1385 Broadway
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7,050 RSF        $53/SF

Sublease from ShoreTel, Inc.
Large open area, 3 meeting rooms, phone booth, storage area, and pantry.
Perfect for creative office use.
Lease term through May 2023.
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530 Seventh Avenue
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3,700 RSF        $59/SF

Sublease from Dukat.
4 offices, open space, conference room, and pantry.
Perfect for accounting or tech firm.
Lease term through April 2019.
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220 West 42nd Street
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11,433 RSF        $53/SF

Sublease from Live Nation.
10 windowed offices, 6 interior offices, 2 large open areas, large conference room, pantry, and reception area.
Perfect for law firm or office use.
Lease term through August 2020.
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1 Penn Plaza
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20,704 RSF        $50/SF

Sublease from Skanska.
2 partial floors consisting of 29 windowed offices, 4 interior offices, 2 open areas, 6 conference rooms, pantry, and reception area.
Ideal for law firm, accounting or any office intensive client.
Lease term through August 2018.
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825 Eighth Avenue
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34,210 RSF        $56/SF

Sublease from Cravath, Swaine & Moore LLP.
Full floor with 37 windowed offices, 6 internal offices, open areas with 29 workstations, board room, conference room, IT room, storage areas, and reception area.
Ideal for law firm.
Lease term through August 2024.
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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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598 Broadway
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5,500 RSF                       $48/SF


Sublease from Association of Community Employment.
3 offices, open loft space, 2 conference rooms, pantry, and reception area.
Ideal for New Media, Creative, Advertising or Fashion use.
Lease term through December 2019.
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381 Park Avenue South
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10,439 RSF                       low- $50's/SF


Sublease from Choxi.
3 offices, large open area, conference room, and large kitchen.
Ideal for any creative use.
Lease term through October 2020.
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427-429 Broadway
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6,500 RSF                       $72/SF


Sublease from Psyop.
Large open area, conference room, pantry, and reception area.
Large creative space ideal for marketing, advertising or any creative use.
Lease term: 3 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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295 Madison Avenue
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3,800 RSF        $65/SF

Sublease from Northroad Capital Management.
4 offices, open area, conference room, pantry, and reception area.
Ideal for hedge fund or private investment firm.
Term through October 2019.
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366 Madison Avenue
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5,952 RSF        $55/SF

Sublease from Kylin Management LLC.
9 offices, open area, 2 conference rooms, kitchen, and reception area.
Access to private terrace.
Term through March 2018.
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60 East 42nd Street
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4,518 RSF        $55/SF

Sublease from Binder & Binder.
8 offices, open area, conference room, pantry, and reception Area.
Ideal for law firm.
Term through February 2020.
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420 Lexington Avenue
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958 RSF        $64/SF

Sublease from Fortuna Advisors LLC.
2 offices, open area, and pantry/storage area.
Ideal for small professional firm.
Term through May 2019.
  
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Downtown / Financial District Spaces
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55 Broad Street
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4,225 RSF        mid-$30's/SF

Sublease from XTF ETF Experts.
3 offices, 19 cubicles, conference room, pantry, and reception area.
Ideal for trading or hedge fund.
Lease term through September 2019.

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2 Wall Street
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4,000 RSF        $49/SF

Sublease from First Names.
4 offices, open area, conference room, meeting room, pantry, and reception area.
Ideal for TAMI tenants.
Lease term through January 2026.

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75 Broad Street
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4,350 RSF        $45/SF

Sublease from HealthCorps, Inc.
One office, large open area, conference room, meeting room, pantry, and reception area.
Ideal for trading or hedge fund.
Lease term through September 2021.

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100 Wall Street
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2,052 RSF        low-$50's/SF

Sublease from DMG Investments.
Built office space with great light and views.
Ideal for trading or hedge fund.
Lease term through June 2024.

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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!

September 2016