Chelsea New York Furnished Office Rental

Chelsea New York Furnished Office Rental discusses furnished office spaces for small- and mid-size businesses.

Chelsea is best known for its largest Tenant- Google, and the 1,188,501 square foot property that its parent company (Alphabet) owns at 75 Ninth Avenue. Known as the Chelsea Market, it occupies one square block from 15th to 16th Street and Ninth to Tenth Avenues.  The ground level is a popular food hall with a diverse group of restaurants and markets offering locally sourced foods. The upper floors accommodate media companies such as YouTube, Disney Streaming Services, Food Network, MLB.com and EMI Music Publishing.

 

 

Chelsea spans the area from Fifth Avenue west to the Hudson River, and 3oth Street south to 12th Street. It is known for the Highline, Chelsea Piers, galleries, restaurants, nightclubs, early 20th century row houses and new residential luxury towers.

 

 

 

 

Chelsea Office Rental Fundamentals

28&7 (AKA 205 West 28th Street).  New construction delivering January 2022.

The office sector in Chelsea is primarily comprised of old manufacturing loft buildings that have been transformed for office use.  There are also a few new and exclusive boutique properties where rents can exceed $100 per square foot. Costar reports that Chelsea has 45.3 million square feet of office space with a current average market rent of $64.33, and a 12.9% vacancy rate. Chelsea is known for its concentration of TAMI (tech, advertising, media and internet) companies.

REPORT:  Office Leasing in New York City, 3rd Quarter 2021 

 

 

 

 

 

 

Co-working & Executive Office Rentals in Chelsea

Co-working and Executive Office operations (aka flexible offices or flex space) have increased in popularity since the onset of the pandemic. Hybrid work strategies have allowed some corporations to decentralize by reducing the size of their office or closing it entirely. However, most companies still need a physical location for employee collaboration, training, and client meetings. Flex spaces provide a scalable turnkey office solution with a short-term lease. They feature fully furnished private offices for 1- 4 persons, team rooms and (or) open seating, internet and phones, conference rooms, reception, administrative support and a New York address for mail and packages. They are typically located on large floors where dozens of different companies rent private offices and share common areas. Flex space “enterprise solution” is an alternative business model where larger companies can sublease a turnkey “stand alone” suite for a year or longer, without the expense of installing furniture and technology. Another benefit of enterprise solution is that it allows for corporate branding. For more information use the links below.

 

Direct Leases from Chelsea Landlords- Delivered Fully Furnished

Innovative Chelsea Landlords are now leasing pre-built office space that include new furniture. This marketing strategy is incentivizing Tenants to rent space, and it also challenges the enterprise solution offered by flexible office companies. The benefit to Tenants is enormous: the projected cost of mid-level quality furniture is approximately $25.00 per square foot.

 

Chelsea: 12 West 21st Street, New York, NY 10010 

5,300 square feet. Asking rent $67.00.

 

 

 

 

 

 

 

 

 

 

 

 

Chelsea: 30 West 26th Street, New York, NY 10010

4,356 square feet. Asking rent $70.00.

About Cogent Realty

Cogent Realty Advisors is an independent and licensed no fee Realtor with over 20 years of experience representing businesses that lease NYC office space. We offer leasing solutions for office Tenants seeking stability and value in uncertain times. For information phone Mitchell Waldman at (212) 509-4049.

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