What Does a 21st Century Law Firm Look Like?

Given the economic pressures facing the legal industry, many law firms are either downsizing, folding outright or moving to new—more efficient—office spaces.

Accordingly, there is a lot of activity in the law firm office space sector.

Along with the above commercial forces at work, law firm layouts are changing. There is less need for secretarial space, and law libraries (with hard copy books) have been significantly reduced, if not eliminated. However, the old law firm spaces can easily be re-configured by a landlord to meet the needs of the 21st century law firm.

There are many economically priced, turnkey spaces now available. Below are some of the best new spaces on the market:

• 11 Park Place (between Broadway & Church Street)
  • City Hall district
  • Partial 9^th Floor | 2,700 RSF
  • Ask: $42/SF – Term: through March 2020
  • 7 offices, open area, conference room, and reception area
  • Sublease from Rankin & Taylor PLLC

 

• 1040-1048 Avenue of the Americas (N/E/C West 39^th Street)
  • Penn Plaza/Garment district
  • Partial 16^th Floor | 4,250 RSF
  • Ask: $53/SF – Term: through October 2024
  • 7 offices, open space, conference room, pantry, and reception area
  • Sublease from Boy Scouts of America

 

• 2 Park Avenue (between 32^nd & 33^rd Streets)
  • Murray Hill district
  • Entire 23^rd Floor | 28,319 RSF
  • Ask: $58/SF – Term: through September 2025
  • 31 windowed offices, 11 interior offices, 4 interior multi-person support offices, open areas with 24 workstations, 24-person conference room, 12-person board room, 8-person conference room, pantry, and reception area
  • Sublease from Herrick Feinstein LLP

 

• 51 Astor Place (at 3^rd Avenue and 9^th Street)
  • Greenwich Village district
  • Partial 10^th Floor | 7,069 RSF
  • Ask: $105/SF – Term: through July 2022
  • 8 offices open area, 4 conference rooms, pantry, and reception area
  • Sublease from Spark Capital

 

• 475 Park Avenue South (S/E/C East 32^nd Street)
  • Murray Hill district
  • Partial 17th Floor | 8,170 RSF
  • Ask: $39/SF – Term: through August 2019
  • 15 offices, open space, conference room, pantry, and reception area
  • Sublease from Integro Insurance

 

• 6 East 45th Street (between Madison & Fifth Avenues)
  • Grand Central district
  • Entire 10^th Floor | 4,674 RSF
  • Ask: $32/SF – Term: through December 2018
  • 6 offices, open area, conference room, kitchen, private restrooms, and reception area
  • Sublease from Adeptus

 

Contact Wharton Properties to learn about any of these listings.  

Ruth Colp-Haber
Partner, CRE

300 Park Avenue
12^th floor
New York, NY 10022
(212) 759-0408