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
- Sublease/Sublet: Office space that is currently leased, but that the lease holder wishes to rent to another entity.
- Sub-Lessor: The company that rents its leased space to another entity. A financially stable Sub-Lessor is important.
- Sub-Tenant: The company that rents the sublease/sublet office.
- 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.
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