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NYC Office Sublease, High Quality Midtown Locations

NYC Office Sublease- Overview 

NYC Office Sublease

NYC Office Sublease

 NYC office sublease inventory is declining as 2014 comes to a close and so is the availability of directly leased space in midtown locations. As a result, the cost differential between subleases and direct leases has narrowed and rents for both continue to trend upward.

Nevertheless, in most cases subleases can still provide a significant cost savings compared with direct leases. Other tangible benefits may include the following:

(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- 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 blogs: Sublease Risks and Rewards  and NY Office Sublease- Concepts and Available Space.

 High Quality Subleases Available at the Year’s End 2014

A small selection of high quality midtown office sublets is shown below. Contact Cogent Realty Advisors with your specific requirement.

Prestige Class A building on Fifth Avenue with Central Park views,  11,289 RSF private floor, asking $95

Prestige Class A building on Fifth Avenue
Central Park views- Private Floor
11,289 RSF, asking $95
Term 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

Blog 12-15 527 Madison Avenue Class A 8,600 RSF Private Floor- Furniture Included, asks $65 Term 2018

Class A building on Madison Avenue & 54th
Private Floor- Furnished & Phones
8,600 RSF, asking $65
Term 2018

 

 

 

 

 

 

 

 

 

 

Class A building, Madison & 51st Street Newly built high-end 3,502 RSF, asking $59 Term 2022

Class A building, Madison & 51st Street
Newly built high-end
3,502 RSF, asking $59
Term 2022

 

 

 

 

 

 

 

 

 

 

Elegant Class A building on Park Avenue  New, efficient & furnished 3,913_RSF,_asking $85 Term 2-3 years

Elegant Class A building on Park Avenue
New, efficient & furnished
3,913 RSF, asking $85
Term 2-3 years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class A building Broadway @ Times Square  Prebuilt, furnished & phones 7,500 RSF, asking $49 Term 2021

Class A building Broadway @ Times Square
Recently built, furnished, wired & phones
7,500 RSF, asking $49
Term 2021

 

 

 

 

 

 

 

 

 

 

 

BEST STRATEGY FOR FINDING A NYC OFFICE SUBLEASE

Cogent Realty Advisors has provided NO FEE Tenant Representation  to New York businesses for over 15 years. By utilizing our extensive commercial office database and network of contacts we will find a high quality NYC office sublease that satisfies your requirements. Contact Mitchell Waldman today: (212) 509-4049.

 

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