Office Space Deals September 2017 2017-10-06T14:27:27+00:00

BEST DEALS ON NYC OFFICE SPACE
SEPTEMBER, 2017

 

September 2017

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

Best Deals on Office Space in New York City
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"No spring nor summer beauty hath such grace,
As I have seen in one autumnal face..."

John Donne 1572 - 1631

As the business pace quickens with the arrival of Fall, inquiring minds turn to ways to conquer the ever changing NYC real estate market.  It is not easy these days but if you need assistance dealing with thorny office lease issues Wharton Property Advisors can help.


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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501 Madison Avenue (N/E/C East 52nd Street)
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3,178 RSF                         $69/SF

Sublease from Center Pond Management.

5 offices, open trading area with seating for 8, conference room, pantry, and reception area.
Perfect for hedge fund or private equity.
Lease term through December 2021.

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1270 Avenue of the Americas (S/E/C West 51st Street)
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3,782 RSF                        $63/SF

Sublease from De Brauw Blackstone Westbroek.
5 windowed offices, 1 interior office, open area with 2 workstations, conference room, pantry, and a reception area.
Perfect for law firm.
Lease term through July 2021.

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712 Fifth Avenue (S/W/C West 56th Street)
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3,318 RSF                         $85/SF

Sublease from Unifund.
6 offices, open area, conference room, pantry, and a reception area.
Perfect for private equity or law firm.
Lease term through January 2022.
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510 Madison Avenue (S/W/C 53rd Street)
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2,761 RSF                      $125/SF

Sublease from Pardus Capital.
2 offices open area with 6 workstations, conference room, pantry, and reception area.
Perfect for broker dealer or hedge fund.
Lease term through November 2019.
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320 Park Avenue (between 50th and 51st Streets)
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4,516 RSF                         $75/SF

Sublease from Mirae Daewoo.
3 offices, open area for 12 people, conference room, IT room, pantry and reception area.

Perfect for broker dealer or hedge fund.
Lease term through July 2022.
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800 Third Avenue (between 49th and 50th Streets)
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11,300 RSF                       $61/SF

Sublease from Michelman & Robinson
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13 partner offices, 6 associate offices, open area with 6 workstations, 3 conference rooms, 2 copy rooms, IT room, pantry, and a reception area.

Nicely built law firm space.
Lease term through November 2022.
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640 Fifth Avenue (N/W/C West 51st Street)
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7,405 RSF                         $72/SF

Sublease from Owl Creek Asset Management.

8 offices, open area with 13 workstations, 2 conference rooms, IT room, pantry and a reception area.
Suitable for broker dealer or hedge fund.
Lease term through April 2021.
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Penn Plaza / Times Square Spaces
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729 Seventh Avenue (at 49th Street)
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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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216-232 West 44th Street (between 7th and 8th Avenues)
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57,104 RSF                      $75/SF

Sublease from Engine Group.
29 interior offices, open areas with 284 workstations, 5 conference rooms,2 wellness rooms, 2 kitchens, and a reception area.
Creative space suitable for TAMI tenant.
Lease term through June 2026.
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1411 Broadway (between 39th and 40th Streets)
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18,513 RSF                      $49/SF

Sublease from Itochu Prominent.
2 windowed offices, 2 interior offices, open area with 57 workstations, pantry and reception area.
Perfect for tech firm, marketing or design.
Lease term through December 2021.
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1450 Broadway (S/E/C West 41st Street)
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3,475 RSF                        $55/SF

Sublease from Core Staffing.
1 office, open area with 8 cubicles, conference room, pantry and reception area.
Suitable for marketing or advertising.
Lease term through December 2022.
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1 West 34th Street (between Fifth and Sixth Avenues)
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5,792 RSF                         $52/SF

Sublease from LM Cohen & Co
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8 offices. open area with 15 workstations, 2 conference rooms, pantry, and a reception area.
Suitable for accountants or law firm.
Lease term through January 2024.
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Midtown South Spaces
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531 West 25th Street (between 10th and 11th Avenues)
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2,800 RSF                        $50/SF

Sublease from MediaBend Capital Inc.
Beautiful turnkey sublet space in prime Chelsea District, next to the High Line.
4 offices and open area.
Shared reception area with glass entry doors into separate spaces, shared pantry and restrooms. Space is furnished.
Ideal for new media, creative, advertising or fashion use,
Lease term through September 2021.
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50 West 23rd Street (between Fifth and Sixth Avenues)
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8,459 RSF                          $74/SF

Sublease from SoundCloud.
4 interior offices, open area with 59 workstations, 2 conference rooms, 2 phone booths, lounge, pantry, and reception area.
Ideal for TAMI tenant.
Lease term: 2 to 5 years.
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40 West 25th Street (between Broadway and Sixth Avenue)
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11,000 RSF                       $62/SF


Sublease from Shoptiques, Inc.
8 windowed offices, 3 interior offices, open area with 22 workstations, 2 conference rooms, pantry.
Ideal for TAMI or fashion tenant

Lease term through April 2026.
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276 Fifth Avenue (S/W/C West 30th Street)
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3.500 RSF                        $55/SF


Sublease from LandMass LLC.
8 offices, open area with 6 workstations, conference room, pantry, and a reception area.
Perfect for TAMI tenant.
Lease term through July 2019.
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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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405 Lexington Avenue (between 42nd and 43rd Streets)
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4,543 RSF                         $64/SF

Sublease from Lead Edge Capital.
8 offices, open area for 8 workstations, conference room, pantry, and a reception area.
Suitable for law firm.
Term through October 2022.
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750 Third Avenue (between 46th and 47th Streets)
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16,881 RSF                       $52/SF

Sublease from Sompo Endurance.
2 corner offices, 6 interior offices. open area with 35 workstations, 2 large conference rooms, large pantry, and a reception area.
Suitable for broker dealer or hedge fund.
Term through December 2021.

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489 Fifth Avenue (between 41st and 42nd Streets)
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4,998 RSF                          $65/SF

Sublease from Seritage Growth Properties.
5 offices, open area for 22 workstations, conference room, pantry and a reception area.
Suitable for finance firm or hedge fund.
Term through October 2020.

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555 Fifth Avenue (S/E/C East 46th Street)
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6,031 RSF                          $44/SF

Sublease from Playboy Enterprises.
4 offices, open area for 30 workstations, conference room, pantry, and a reception area.
Suitable for finance firm or marketing.
Term through September 2024.

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Downtown / Financial District Spaces
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61 Broadway (between Exchange Alley and Rector Street)
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22,327 RSF                      $65/SF

Sublease from Bjarke Ingels Group.
6 internal offices, conference room, open space for 196 workstations, pantry, and reception area.
Perfect for creative use such as architects or designers.
Term through September 2025.
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14 Wall Street (N/W/C of Nassau Street)
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9,506 RSF                         $49/SF

Sublease from Edios Media.
5 offices, open area for 18 people, conference room, pantry, IT closet, and a reception area.

Perfect for broker dealer or hedge fund.
Term through October 2026.
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123 William Street (between John and Fulton Streets)
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6th Floor   5,790 RSF
7th Floor 11,363 RSF
       Total 17,153 RSF  mid-$30's/SF

Sublease from Securities Training Corporation.
6th floor consists of 2 training rooms, open area, conference room, and a reception area.
7th floor consists of 15 offices, open are a for 14 desks, large storage area, and a reception area.
Floors can be leased separately or together.
Suitable for training facility or TAMI tenant.
Term through June 2025.
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1 North End Avenue (corner of Vesey Street)
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33,138 RSF                     $58/SF

Sublease from Virtu Financial.
11 internal offices, open area for 87 workstations, 3 conference rooms, 3 large training rooms, 2 meeting rooms, 4 phone booths, pantry, and a reception area.
Suitable for broker dealer or hedge fund.
Term through December 2031.

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26 Broadway (N/E/C of Beaver Street)
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1,603 RSF                        $49/SF

Sublease from MetroGroup.
2 offices, open area, and a conference room.
Suitable for accounting or financial firm.
Term through June 2021.

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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 2017