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Office Leasing Slowdown Should Help Tenants in 2017

Office Leasing Slowdown Should Help Tenants in 2017

Office Leasing Slowdown Should Help Tenants in 2017 An office leasing slowdown should help Tenants in 2017 that are signing new or renewal leases. Help will come by way of: (1) Reduced Rental Rates: A modest reduction in office rental rates is expected.   (2) Increased Tenant Incentives: These can include: (a) the amount ofContinue Reading

NYC Office Market Report Third Quarter 2016

NYC Office Market Report Third Quarter 2016

NYC Office Market Report Third Quarter 2016 NYC Office Market Report Third Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Office Market Snapshot: $65.11 Average quoted rent  8.2% Amount of vacant space   For comparison, at the end of the Second Quarter of 2016 the average asking rent was $60.26 perContinue Reading

Exclusive Office Subleases in Prime Midtown Buildings

Exclusive Office Subleases in Prime Midtown Buildings

Exclusive Office Subleases Exclusive Office Subleases have been announced in prime midtown Manhattan buildings, most of which are near Grand Central Station. These turn-key work spaces are priced below the cost of office space that can be leased directly from a Building Owner. Please refer to our blog NY Office Sublease Concepts for an examination of Subleases. Continue Reading

Upper East Side Office Space in Limited Supply

Upper East Side Office Space in Limited Supply

Upper East Side Office Space Upper East Side Office Space, like most everywhere in NYC, is in limited supply in 2016 and expensive. For this discussion we are focusing on commercial buildings in the area between Fifth Avenue and the East River and from 57th Street to 106th Street. While there is high concentration ofContinue Reading

Office Sublease in Downtown NY, Highly Efficient Turn-Key

Office Sublease in Downtown NY, Highly Efficient Turn-Key

Office Sublease in Downtown NY Cogent Realty Advisors is marketing an office sublease in downtown NY. Sublease marketing is an important service that that Cogent Realty performs as a commercial Tenant Representation Broker.  The sublease is located at 150 Broadway, at the north east corner of Liberty Street and two blocks from the Fulton StreetContinue Reading

Office Rents in NYC’s Midtown and Downtown Markets

Office Rents in NYC’s Midtown and Downtown Markets

Office Rents in NYC’s Midtown and Downtown Markets   Office Rents in NYC’s Midtown and Downtown Markets have reached their peak following the recession of 2008. According to Costar, the Real Estate Information Company, at mid-year 2016 the average quoted asking rent in the Midtown market was $63.58 per square foot compared to Downtown’s $51.64. TheContinue Reading

TOP 5 New York City Landmark Office Buildings

TOP 5 New York City Landmark Office Buildings

TOP 5 New York City Landmark Office Buildings TOP 5 New York City Landmark Office Buildings include the Empire State, Chrysler, 30 Rockefeller Center, Woolworth and Trump. These venerable buildings are recognized the world-over as symbols of American prosperity. Corporations leasing office space in these historic towers enjoy near instant credibility in the international business community.Continue Reading

NYC Office Market Report, Second Quarter 2016

NYC Office Market Report, Second Quarter 2016

NYC Office Market Report, Second Quarter 2016 NYC Office Market Report, Second Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Market Snapshot:                                                $60.26 Average quoted asking rent.Continue Reading

Office Rental Rates in the Plaza District

Office Rental Rates in the Plaza District

Office Rental Rates in the Plaza District  Office Rental Rates in the Plaza District at the end of the first quarter of 2016 increased less than 1% over the quoted rent at the end of 2015. This long awaited respite portends a market that is close to its peak. As reported by Costar, the Commercial Real EstateContinue Reading

Broadway Office Space between 34th and 42nd Street

Broadway Office Space between 34th and 42nd Street

Broadway Office Space between 42nd and 34th Street Broadway office buildings between 34th Street and 42nd Street have experienced a renaissance over the past few years and are in strong demand. The reasons for this include:  (1) Location: Buildings along this stretch of Broadway are nearly equidistant between the major transportation hubs of Penn Station,Continue Reading

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