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Real Estate News for New York Business, 2016 Year-End and 2017

Real Estate News for New York Business, 2016 Year-End and 2017  Real Estate News for New York Business, 2016 Year-End and 2017 is a selection of special interest reports from a variety of publications. Links are provided to original content.            2016 Another Banner Year for Commercial Real Estate  By CoStar News StaffContinue Reading

New York Office Buildings with Observation Decks

New York Office Buildings with Observation Decks

New York Office Buildings with Observation Decks New York Office Buildings with Observation Decks were located throughout Manhattan during the 20th Century. They included: Flatiron Building- 175 Fifth Avenue; Chrysler Building- 405 Lexington Avenue; Citibank Building- 20 Exchange Place; and the Cities Service Building- 70 Pine Street;  For a photo-rich examination of this grand era link toContinue Reading

NYC Office Leases Negotiated by Cogent Realty in Q3 2016

NYC Office Leases Negotiated by Cogent Realty in Q3 2016

NYC Office Leases Negotiated by Cogent Realty in Q3 2016 NYC Office Leases Negotiated by Cogent Realty in Q3 2016 totaled 15,290 rentable square feet (RSF) and were signed by a diverse group of businesses.       Q3 2016 Offices Leases Arranged by Cogent Realty   Berkowitz Pollack & Brant Advisors & Accountants, LLP,Continue Reading

NYC Apartment Building Sold by Cogent Realty for $8,400,000

NYC Apartment Building Sold by Cogent Realty for $8,400,000

NYC Apartment Building Sold by Cogent Realty for $8,400,000 Cogent Realty Advisors has arranged the sale of a NYC apartment building located at 34 1/2 St. Marks Place for $8,400,000. The 7,692 square foot six floor walk-up building contains 11 apartments and one store. The building was purchased for the equivalent of $1,092 per squareContinue Reading

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

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