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Wall Street Office Rental Guide- 2018

WALL STREET OFFICE RENTAL GUIDE- 2018

wall street office Wall Street Office Rental Guide- 2018 provides essential information for Tenants that are interested in relocating to this distinguished financial center.

This information was compiled in April 2018 and is subject to change. For the most current market conditions contact Cogent Realty Advisors, Inc. (212) 509-4049.

 

Wall Street Office Rental- Building Locations & Market Statistics

Due to the conversion of former office buildings to residential apartments, the overall inventory of available offices has declined over recent years. Multi-tenanted office buildings are found on the north side of Wall Street only. In 2018 the average quoted asking rent is $52.02 PSF, excluding sublease space. The vacancy rate is 7.2%. 

Wall Street Office

 

Wall Street Office Building Details

Wall Street Office2 Wall Street: Three-Star rating by Costar. 215,000 square feet and 21 stories. Typical floor is 8,378 RSF. Built in 1932 and modernized. Boutique office building with entrances on both Wall Street and Broadway. Tenants include law firms, financial services and recently technology and media. Deal Structure: On a 10 year lease term the Landlord will build-to-suit your office and provide an architect for space planning.  Asking rent is $55.00 PSF.

 

Wall Street Office

Pre-built 4,543 RSF

14 Wall Street: Four-Star rating. 1,049,292 square feet and 37 stories. Typical floor is 28,232 RSF. Built in 1912 and completely modernized. Tenants include giants like BlueCross BlueShield as well as small and midsize firms from diverse industries. Complimentary Tenant-only conference center. Deal Structure: Pre-built previously occupied space can be leased for 5 years. On a 7-10 year lease term the Landlord will build-to-suit your office and provide an architect for space planning.  Asking rent is from $43.00-55.00 PSF depending on the location within the building.

30 Wall Street – Call for information.

 

wall street office40 Wall Street, The Trump Building: Four-Star rating. 1,165,207 square feet and 72 stories. Lower floors are 19,000 RSF and tower floors range from 9,500- 3,500 RSF. Built in 1930 and fully upgraded with modern building systems. For more detailed information link to our previous report on 40 Wall Street HERE. Deal Structure: Pre-built previously occupied space can be leased for 5 years. On a 10 year lease term the Landlord will build-to-suit your office and provide an architect for space planning.  Asking rent is from $46.00-55.00 PSF depending on the location within the building.

Loft-style on Wall Street

44 Wall Street: Three-Star rating. 342,000 square feet and 24 stories. Typical floor is 13,600 RSF. Built in 1927 and renovated in 2006. Located at the intersection of Wall and William Street with windows and light on three sides. Diverse Tenant mix including, financial services (Charles Schwab), law and more recently- media, tech and advertising. Deal Structure: Small pre-built spaces with contemporary loft finishes can be leased for 5 years. On a 10 year lease term the Landlord will build-to-suit your office and provide an architect for space planning.  Asking rent is $55.00 PSF throughout the building.

wall street office48 Wall Street, former Bank of New York Building: Four-Star rating. 330,050 square feet and 34 stories. Floors range from 14,500 RSF in the base to 7,150 up top. A landmark constructed in 1928 and recently modernized at a cost of $60 million. Tenants include the Museum of American Finance. Deal Structure: Newly constructed high-end contemporary space can be leased for 5 years. On a 10 year lease term the Landlord will build-to-suit your office and provide an architect for space planning.  Asking rent is from $52.00-55.00 PSF depending on the location within the building.

60 Wall Street “Deutsche Bank Building” – Call for information.

Wall Street office

New Construction 5,265 RSF

100 Wall Street: Four-Star rating. 520,000 square feet and 29 stories. Typical floor is 16,706 RSF. Constructed in 1969 and upgraded periodically, this modern office tower is primarily leased by boutique financial firms. Deal Structure: Newly constructed elegant space can be leased for 5 years. On a 10 year lease term the Landlord will build-to-suit your office and provide an architect for space planning.  Asking rents start at $57.00 PSF.

120 Wall Street – Call for information.

ABOUT COGENT REALTY ADVISORS 

Cogent Realty Advisors is an independent and licensed NO FEE Realtor with over 15 years of experience representing businesses that lease NYC office space. Our goal is to help you find the right office at the right price. For information, phone Mitchell Waldman at (212) 509-4049.

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