The Newest Office Buildings in New York

The Newest Office Buildings in New York

Artist rendering of the view from Two Manhattan West looking to lower Manhattan and the World Trade Center. Courtesy of Brookfield Properties.

Elite corporations are flocking to the newest office buildings in New York, despite the overall commercial market doldrums. These buildings unequivocally demonstrate the “flight to quality” among elite corporations looking to:

• Enhance their image and brand
• Co-tenant with other top companies
• Maximize employee productivity, experience, and retention
• Utilize state-of-the-art design, decor and infrastructure
• Contact Cogent Realty Advisors for detailed information: (212) 509-4049.

Rents at New York’s Newest Office Buildings

At the Newest Office Buildings in New York rents are dynamic and subject to change due to:

1. Market demand.
2. Competition from comparable buildings.
3. Elevation/floor and view.
4. Whether the office has been pre-built, needs modification or requires all new construction.
5. The cash value of the Tenant Incentive Package offered and paid for by the Landlord. Tenant Incentives include: (1) Rent abatements; (2) The Landlord custom building an office to your specifications; or ( 3) The Landlord giving you money (the “cash contribution”) for Tenant-managed construction.

 

 

Photo courtesy Costar.

The Spiral- 66 Hudson Boulevard

• rating by Costar, the world leader in commercial real estate information.
• Developer is Tishman Speyer. Completion scheduled for December 2022.
• 2,869,810 SF, 65 story. Designed by Bjarke Ingels Group (BIG), The Spiral is an unprecedented work of human-centric design. Every floor features an indoor atrium work space and outdoor terrace.
• Available spaces are from 6,692- 52,141 RSF. The Landlord is pre-building certain units, or will custom build an office to your specifications.
• Amenities include the: ZO. Clubhouse for relaxation, grab-and-go meals and happy hour; Studio Gather, a world class conference center; Studio flexible workspace; and dining provided by the city’s most innovative operators.
• Asking rent +/- $125 PSF.
• Tenants include Pfizer Inc., Debevoise & Plimpton, AllianceBernstein L.P, HSBC.

 

 

 

 

 

Artist rendering of a workspace at the Spiral.

 

 

8,813 RSF Pre-built office.

 

 

Undeveloped floor with terrace. 48,253 RSF. Landlord will custom build to your specifications.

 

 

 

 

 

Photo courtesy Costar.

Two Manhattan West- 385 Ninth Avenue

• rating by Costar.
• Developer is Brookfield Properties. Completion scheduled for January 2023.
• 1,950,140 SF, 58 story. Designed by Skidmore, Owings & Merrill, LLP to provide efficient column free floors with excellent natural light and views. 14- foot floor-to-ceiling windows.
• Available spaces are from 9,070- 37,478 RSF. The Landlord is pre-building certain units, or will custom build an office to your specifications.
• Amenities include: a 2-acre landscaped public plaza; shared terrace; 200,000 feet of shops and dining; and 200 parking spaces.
• Asking rent +/- $135 PSF.
• KPMG, Cravath, Swaine & Moore LLP, Crowell & Moring, D. E. Shaw & Co.

 

 

 

 

 

 

Boutique Financial Company: Test Fit, 35,357 RSF. Landlord will custom build to your specifications.

 

 

Traditional Law Firm: Test Fit, 35,357 RSF. Landlord will custom build to your specifications.

 

 

Artist rendering of Three Hudson Boulevard. Courtesy of Boston Properties.

Three Hudson Boulevard- 3 Hudson Boulevard

• rating by Costar.
• Developer is Boston Properties. Completion scheduled for November 2024.
• 1,900,000 SF, 56 story mixed use project featuring premium corporate offices and exclusive residences in an environmentally sustainable design.
• 1,800,000 SF of office space. Typical floors 27,000- 35,000 SF. 14- foot ceiling heights and column-free.
• Direct access to new #7 subway entrance.
• Asking rent to be determined.
• Tenants: None at this time.

 

 

 

 

 

 

Finding the Perfect Office Space is a Big Decision

• Cogent Realty Advisors, Inc. is an independent and licensed New York State commercial realtor founded by Mitchell Waldman in 2002.
• As a NO FEE tenant-representation company, Cogent Realty Advisors Inc., is unique in the commercial real estate industry. While many firms work for both building owners and tenants, we focus solely on representing the interests of clients.
• We provide objective, unbiased expertise in finding office space and negotiating lease agreements. Our experience and knowledge in the NYC market means that we can secure the best office space for our clients with favorable terms and pricing.
• Put simply, Cogent Realty Advisors, Inc. is dedicated to getting our clients the best deal possible.
• For help with your office real estate, contact Mitchell Waldman: (212) 509-4049.                   

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