Downtown Sublease Deals in New York City

Downtown  Sublease Deals in New York City

Downtown  Sublease Deals in New York City are seeing a surge in activity as businesses look to relocate to modern and more spacious offices at heavily discounted rents. If you’re among those business owners, it’s important to act fast and make sure you’re getting the best deal possible. In this blog post, we’ll break down some of the current deals taking place in Downtown NYC and offer tips on how to snag the perfect office for your business.

Office Sublease Benefits

• Rent is below the current market value.
• Lease term length is usually shorter than that which is required by the building owner on a direct lease basis.
• Office is usually delivered pre-built. This eliminates the necessity of a large capital outlay and extended time spent renovating the space.
• Potential inclusion of furniture, phones, network cabling, etc. This yields substantial savings.
• Potential move-in condition saves valuable time.

Contact Cogent Realty Advisors for detailed information: (212) 509-4049.

 

 

 

Key Sublease Terms and Concepts

1. Sublease/Sublet: Office space that is currently leased, but that the lease holder wishes to rent to another entity.
2. Sub-Lessor: The company that rents its leased space to another entity. A financially stable Sub-Lessor is important.
3. Sub-Tenant: The company that rents the sublease/sublet office.
4. Landlord: Building owner. A Sublease requires the review and approval of the Landlord.

For more information link here: Sublease Rewards & Risks.

 

Top Quality Downtown Sublease Deals

One World Trade Center: 20,464 RSF. Term thru 7/2027. Furnished. Asking rent $62.00 PSF.

 

 

One World Trade Center: 10,131 RSF. Term thru 9/2029. Furnished. Asking rent $55.00 PSF.

 

 

 

 

 

 

 

 

 

 

 

One World Trade Center: 18,595 RSF. Term thru 4/2030. Furnished. Asking rent $72.00 PSF.

 

 

 

 

 

 

 

 

 

 

 

 

 

60 Broad Street: 9,332 RSF. Term thru 6/2027. Furnished. Asking rent $40.00 PSF

 

 

 

 

 

 

 

 

 

 

 

 

 

125 Broad Street: 15,334 RSF. Term thru 9/2026. Furnished. Asking rent $42.00 PSF

 

 

 

 

 

 

 

 

 

 

61 Broadway: 22,327 RSF private floor. Term thru 3/2029. Furnished. Asking rent $45.00 PSF

 

 

 

 

 

 

 

 

111 Broadway: 10,000 – 23,306 SF private floor. Term thru 2/2030. Furnished. Asking rent $51.00 PSF.

 

 

 

 

 

 

 

 

 

120 Broadway: 6,976 RSF, 8,701 RSF and 11,268 RSF. Term TBD. Furnished. Asking rent $45.00 PSF.

 

 

 

 

 

 

 

 

 

 

120 Broadway: 8,709 RSF. Term thru 4/2024. Furnished. Asking rent $30.00  PSF.

 

 

 

 

 

 

 

 

 

 

140 Broadway: 12,519 RSF. Term thru 9/2025. Furnished. Asking rent $50.00 PSF.

 

 

 

 

 

 

 

 

 

 

195 Broadway: 6,167 RSF. Term thru 9/2029. Furnished. Asking rent $42.00 PSF.

 

 

 

 

 

 

 

1 Liberty Plaza | 165 Broadway: 10,000- 35,000 RSF. Term thru 12/2030. Furnished. Asking rent $45.00 PSF.

 

 

 

 

 

 

 

 

 

 

1 New York Plaza | 1 Water Street: 8,500- 46,913 RSF. Term thru 6/2031. Furnished. Asking rent $49.00 PSF.

 

 

One Battery Park: 17,964 RSF. Term thru 8/2025. Furnished. Asking rent $35.00 PSF

 

 

 

 

 

 

 

 

 

 

One State Street: 25,434 RSF private floor. Term thru 1/2029. Furnished. Asking rent $45.00 PSF.

 

 

 

 

 

 

 

 

 

 

300 Vesey Street: 6,466 RSF and 6,416 RSF. Term thru 12/2028. Furnished. Asking rent $60.00 PSF.

 

 

 

 

 

 

 

 

 

300 Vesey Street: 11,405 RSF. Term thru 12/2031. Sub-landlord will construct new office. Asking rent $55.00 PSF.

 

 

 

 

 

 

 

 

 

 

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.     

The post Downtown Sublease Deals in New York City appeared first on Rent NY Office.

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.                   

#NewestOfficeBuildings

 

The post The Newest Office Buildings in New York appeared first on Rent NY Office.

One Liberty Plaza Offices for Lease

Courtesy Brookfield Properties

One Liberty Plaza Offices for Lease

One Liberty Plaza is a smart choice for high quality office space in the Financial District of New York City.

• Located at 165 Broadway between Liberty and Cortland Street
• Direct access to the Fulton Street Transit Center and World Trade Center
• Class A office building constructed in 1972 and renovated in 2007
• Steel and glass tower with 54 floors, 2.3 million square feet, and LEED Gold Certified
• Column free floors with sweeping views of New York Harbor, the Hudson and East River
• Large inventory of move-in ready offices and spaces that will be custom built for your business
• Fair market pricing that offers an excellent value
• Call Cogent Realty Advisors for more information: (212) 509-4049.

 

 

 

 

 

 

 

 

 

 

Your Corporate HQ at One Liberty Plaza

One Liberty Plaza is part of the Brookfield Properties’ impeccably maintained trophy portfolio.

• Entrances on Broadway, Liberty and Cortland Street
• 24/7 access, concierge attended lobby, security monitoring
• 39 high speed elevators
• State-of-the-art building systems and central HVAC
• Multiple High-speed telecom providers
• Amenities include a flagship Convene conferencing center, For Five Cafe, Starbucks and Amazon Go.
• Safety and Wellness Standards include touchless entry during peak hours, increased cleaning frequency, temperature reading station, and air filtration system
• Adjacent to Zuccotti Park
• Links for nearby restaurants and hotels.

Office Design, Pricing and Floor Plans

(1) The offices at One Liberty Plaza are constructed to a very high standard. Pre-built offices are available with either contemporary or traditional designs. Sample contemporary office designs are shown below.

Contemporary Design

 

 

 

 

 

 

 

 

 

 

(2) There are also “undeveloped/raw” spaces that the Landlord will custom-build for your business. This program includes architectural planning and construction.

Undeveloped/Raw Space to be Custom Built

 

Office rents at One Liberty Plaza are dynamic and subject to change due to market demand, space location/design and whether the unit is new or previously occupied. Historically, One Liberty Plaza has attracted large financial service industry Tenants that occupy an entire or multiple-floors. With the current change in market conditions, spaces of 5,000 rentable square feet and up are sometimes available. to At the present time (Fall 2022) rents range from $65.00 to $75.00 per rentable square foot.

11,507 RSF. Landlord will custom build.

 

 

 

 

 

 

 

 

47,596 RSF Private Floor. Proposed layout is fully customizable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.                   

#OneLibertyPlazaOffice

 

 

 

 

 

 

 

 

 

 

 

 

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