Subleasing a Columbus Circle Office

Subleasing a Columbus Circle Office

This globe by artist Kim Brandell shows the earth’s continents suspended on steel rings representing latitude and longitude lines. The public art stands in a plaza at the base of the Trump International Hotel & Tower near Central Park

Subleasing a Columbus Circle Office in 2022 is comparatively less expensive than prior years due to a substantial inventory of spaces left vacant due to Covid-19.  CoStar, the world leader in commercial real estate information, reports the following statistics about the Plaza District office submarket:

 

 

 

 

 

 

 

Benefits of Subleasing an Office

1. Subleases are typically rented in a pre-built condition which can reduce the waiting time to move-in.
2. Some subleases include furniture, an IT network and phones. That’s a substantial time and cost savings.
3. The length of a sublease term may vary widely from as short as a few months (called “swing space”) to ten- years.
4. Because the transaction expenses associated with a sublease are usually less than a direct lease, the Security Deposit requirements may be reduced.

For a more information about subleases link to these Cogent Realty blogs: Sublease Risks and Rewards.

Sample Office Subleases in Columbus Circle

Subleases of all sizes are available in locations throughout Manhattan, Brooklyn and Queens. Call Cogent Realty for information: (212) 509-4049.

 

152 West 57th Street, Carnegie Hall Tower

Photo courtesy Costar.

 

3,397 RSF. Lease expiration 2/2027. Asking $105.

 

 

Alternative Listing:

3,263 RSF. Lease expiration 6/2024. Asking $58.

 

250 West 57th Street

Photo courtesy Costar.

7,268 RSF. Lease expiration 11/2026. Asking $35.

 

 

 

 

 

 

 

 

 

 

 

1700 Broadway 

Photo courtesy Costar.

 

5,124 RSF. Lease expiration 10/2028. Asking $55.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alternative Listing:

3,602 RSF. Lease expiration 12/2024. Asking $55.

 

810 Seventh Avenue 

Photo courtesy Costar.

8,747 RSF. Lease expiration 1/2025. Asking $38.

 

 

 

 

 

 

 

 

 

 

 

Alternative Listing:

8,560 RSF. Lease expiration 4/2025. Asking 55.

 

 

 

 

 

 

 

 

 

 

 

Useful Links

Columbus Circle Restaurants

 

 

 

 

 

 

About Cogent Realty Advisors, Inc.

Cogent Realty Advisors is an independent and licensed no fee Realtor with 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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