NYC Office Space Deals December 20172018-01-05T11:55:23+00:00

BEST DEALS ON NYC OFFICE SPACE
DECEMBER, 2017

 

December 2017

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

Best Deals on Office Space in New York City
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"What I say is patience and shuffle the cards."
 
Miguel Cervantes
 

Does your quest for affordable office space ever seem like the impossible dream? It doesn't have to. The holiday season is here and the bargains are not only in the department stores.

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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150 East 52nd Street (between Third and Lexington Avenues)
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9,987 RSF             low-$50's/SF

Sublease from Situs Company.
10 offices, open area with 42 seats, 2 conference rooms, IT room with supplemental A/C, 2 pantries, and a reception area.
Suitable for hedge fund or broker dealer.
Lease term through November 2021.

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515 Madison Avenue (S/E/C East 40th Street)
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2,956 RSF                        $59/SF

Sublease from SCDB Partners.

2 offices, open area with 6 workstations, conference room, pantry,
and a reception area.
Space has a usable terrace.
Suitable for hedge fund or broker dealer.
Lease term through May 2020.

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900 Third Avenue (N/W/C East 54th Street)
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6,136 RSF                         $66/SF

Sublease from White Oak Capital.
10 offices, 8 workstations in open area, 2 conference rooms, pantry and a reception area.
Suitable for a law firm.
Lease term through March 2023.
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610 Fifth Avenue (N/W/C West 49th Street)
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2,669 RSF                      $60/SF

Sublease from Robert W. Baird & Co
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4 offices, open area with 5 workstations, conference room, copy room, pantry, and a reception area.
Ideal for law firm.
Lease term through December 2022.
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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.
8 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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44 East 32nd Street (between Park Avenue South and Madison Avenue)
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7,200 RSF                        $49/SF

Sublease from Chilewich LLC.
4 offices, open area with 24 workstations, 2 conference rooms, pantry, and a reception area.
Perfect for TAMI tenant.
Lease term through March 2023.
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148 West 37th Street (between Broadway and Seventh Avenue)
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7,200 RSF            $49/SF

Sublease from Botkier NY LLC.
5 offices, 2 open areas seating a total of 25+, pantry, and a reception area.
Perfect for hedge fund or broker dealer.
Lease term through April 2024.
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114 West 47th Street (between Sixth and Seventh Avenues)
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11,963 RSF                      $65/SF

Sublease from BAE Systems Applied Intelligence.
7 offices, executive office, 45 bench-style seats, boardroom, conference room, server room, pantry, and a reception area.
Suitable for trading or tech firm.
Lease term: through March 2026 or March 2031.
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33 West 60th Street (between Broadway and Columbus Avenue)
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11,933 RSF                       $53/SF

Sublease from Lincoln Center.
3 offices, open area with 56 bench seats, boardroom, 2 conference rooms, 14 seat collaboration area, pantry, and a reception area.
1 executive office, 4 offices, open area with 24 seats, 3 conference rooms, pantry, and a reception area.
Suitable for hedge fund, broker dealer or TAMI.
Lease term through November 2020.
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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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450 West 15th Street (between Ninth and Tenth Avenues)
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7,000 RSF               mid-$80's/SF

Sublease from Giorgio Armani.
2 windowed offices, 2 internal offices, open area with 38 workstations, conference room.
Ideal for creative or tech firm.
Lease term: 3 to 5 years.
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513-531 West 26th Street (between 10th and 11th Avenues)
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6,300 RSF                        $68/SF


Sublease from New York Studios.
2 offices, open area, conference room and a pantry
Perfect for Gallery, TAMI or creative tenants.
Lease term through December 2020.
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276 Fifth Avenue (S/W/C West 30th Street)
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1,985 RSF                       $59/SF

Sublease from NBNA LLC.

2 offices, open space, conference room, open pantry.
Suitable for hedge fund or broker dealer.
Lease term through April 2020.
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350 Seventh Avenue (between 29th and 30th Streets)
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2,000 RSF                       $58/SF

Sublease from ISC Law.
2 offices, open space with 4 workstations, conference room, pantry, and a reception area.
Suitable for law firm.
Lease term through May 2020.
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Grand Central Area Spaces
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6 East 45th Street
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2,000 to 4,674 RSF          $35/SF

Sublease from Adeptus.
Space is divisible, with separate entrances for divisions.
6 offices, open area, conference room, kitchen, private restrooms, and reception area.
Ideal for accounting, law firm or any office use.
Term through December 2019.
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420 Lexington Avenue (between 43rd and 44th Streets)
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917 RSF                         $61/SF

Sublease from Beni Internazionali USA Inc.
1 office, conference room, pantry, and a reception area.
Ideal for accounting or any office use.
Term through February 2020.
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11 East 44th Street (between Madison and Fifth Avenues)
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7,790 RSF                       $63/SF

Sublease from Brooks Brothers.
3 to 4 offices, open area with 44 workstations, 2 conference rooms, pantry, and a reception area.
Perfect for TAMI or broker dealer.
Term through February 2024.

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228 East 45th Street (between Second and Third Avenues)
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9,552 RSF                          $37/SF

Sublease from OmniVere.
5 windowed office, 5 interior offices, open area with 30 cubicles, conference room, pantry, and a reception area.
Suitable for hedge fund or broker dealer.
Term through April 2028.

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10 East 40th Street (between Madison and Fifth Avenues)
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10,282 RSF                          $38/SF

Sublease from HSBC.
4 interior meeting rooms/offices, trading space with 65 seats, 2 conference rooms, and a pantry.
Suitable for hedge fund or broker dealer.
Term through September 2021.

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Downtown / Financial District Spaces
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1 Liberty Plaza (between Liberty and Cortlandt Streets)
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30,151 RSF            high-$40's/SF

Sublease from Fleming Zulack Williams Zauderer.
12 partners offices, 13 associate offices, 15 support stations, 4 conference rooms, 5 case rooms, 2 pantries, and a reception area.
Above standard law firm installation.
Term through June 2028.
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61 Broadway (between Exchange Alley and Rector Street)
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3,115 RSF                         $48/SF

Sublease from Pinkerton,
3 offices, open area with seating for 4, conference room, pantry, copy/fax room, and a reception area.
Suitable for law firm.
Term through July 2020.
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195 Broadway (between Dey and Fulton Streets)
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41,982 RSF           mid- $50's/SF

Sublease from Rocket Fuel Inc.
5 offices, open area with 212 workstations, 4 video conference rooms, 14 multi-purpose rooms, 14 phone booths, 2 small pantries, 1 large cafe, and a reception area.
Suitable for TAMI tenant.
Term through February 2027.
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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!

December 2017