Renting an Office in Columbus Circle
Renting an Office in Columbus Circle
Renting an Office in Columbus Circle
“Subway Stop”
If your business is planing on renting an office in Columbus Circle the information that follows will help you. The Columbus Circle sub-market includes the area from 65th Street south to 50th Street and from Sixth Avenue to the River. It is part of the Midtown Manhattan Central Business District, the largest in NYC. The area is named after the explorer Christopher Columbus who’s statue is at the center of the traffic circle where Eighth Avenue, Broadway and Central Park South intersect. Time Warner Center, Lincoln Center, Trump Hotel and Central Park provide a backdrop.
Renting an Office in Columbus Circle
“Submarket Map”
BY THE NUMBERS- RENTING AN OFFICE IN Columbus Circle
By the numbers- Renting an Office in Columbus Circle
Renting an office in Columbus Circle has become more expensive due to increased demand. As of Q2 2014 the vacancy rate was 15.3% with an average asking rent of $65.24 PSF on direct leases. (The adjacent graph was provided by Costar, Commercial Real Estate Information Company.) Rents range from a minimum of $37.00 in a few Class C loft buildings up to $90 PSF in the Time-Life Building at 1271 Sixth Avenue .
SAMPLE AVAILABILITY- RENTING AN OFFICE IN COLUMBUS CIRCLE
250 West 57th Street
2,298 RSF. Asking $55 PSF.
142 West 57th St “Metropolitan Tower”
4,658 RSF. Asking $59 PSF.
152 West 57th St
“Carnegie Hill Tower”
3,349 RSF. Asking $83 PSF.
156 West 56th St “CitySpire” 3,525 RSF. Asking $63 PSF.
810 Seventh Avenue
5,798 RSF. Call for Rent.
BEST STRATEGY FOR RENTING AN OFFICE IN COLUMBUS CIRCLE
Renting an Office in Columbus Circle
If your business plans on renting an office in Columbus Circle or elsewhere in NY contact the experienced NO FEE Tenant Representative broker, Cogent Realty. Cogent will secure the optimal lease terms for you by utilizing in depth market information, transaction expertise and negotiation skills. Contact Mitch Waldman today: (212) 509-4049.
