THE RIGHT OFFICE AT THE RIGHT PRICE!
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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.
A small selection of high quality midtown office sublets is shown below. Contact Cogent Realty Advisors with your specific requirement.
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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