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Build to Suit NYC Office Lease

Build to Suit NYC Office Lease

By Mitch Waldman | Apr 15, 2014

Build to Suit NYC Office Lease A build to suit NYC office lease can provide your business with an opportunity to custom design its work space economically. Many Landlords will construct a new office for a financially stable Tenant that commits to a 7- 10 year term. Business stability is evidenced by financial statements, tax returns,…

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Lower Manhattan Commercial Revitalization Program Renewed

Lower Manhattan’s Commercial Revitalization Program 2014- 2016

By Mitch Waldman | Apr 3, 2014

 Lower Manhattan’s Commercial Revitalization Program  Lower Manhattan’s Commercial Revitalization Program has been renewed and will apply to leases commencing between April 1, 2014 and March 31, 2016.  Participation in this program substantially reduces occupancy costs for small businesses. The Commercial Revitalization Program (CRP) was developed to encourage:   (1) Landlords to rehabilitate older buildings; and (2) New…

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Prebuilt Corporate Office Space

Prebuilt Corporate Offices in the Plaza District

By Mitch Waldman | Mar 30, 2014

Prebuilt Corporate Offices in the Plaza District  Prebuilt corporate offices can be categorized as: (1) Newly constructed and never occupied; and (2) Second generation and previously occupied. New construction offers users the most contemporary layouts, finishes and infrastructure (electrical service, plumbing, H.V.A.C. and telecom connectivity). Provided that it was built within the past seven years…

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Downtown NY Office Space

Downtown NY Office Space

By Mitch Waldman | Mar 22, 2014

Downtown NY Office Space The availability of downtown NY office space is contracting according to Costar and rents are increasing. As of March 2014 the average asking rent in the Financial, Insurance and World Trade Districts across all building classes was $42.23 per rentable square foot versus $39.14 in 2013. Even though many long-time area business are…

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Mitch Waldman provides Office Tenant Representation in NYC

High Value Office Space near Penn Station

By Mitch Waldman | Mar 14, 2014

High Value Office Space near Penn Station In the blog NY Office Rental Rates Year-end 2013 I reported on the continued increase in rents citywide. Not withstanding, a handful of portfolios, almost all of which are family owned, still offer below market rent. These Landlords are able to do so because they have owned the…

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Corporate Headquarters in the Plaza District

By Mitch Waldman | Feb 13, 2014

  Corporate Headquarters in the Plaza District The Plaza District  has NYC’s highest concentration of financial, legal and public companies. They come for the Class A buildings, elegant restaurants, luxury stores and services. This blog reports on three impressive corporate headquarters  for lease in the Plaza District. The Tenant Representation firm of Cogent Realty maintains comprehensive listings for office space…

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Commercial Lofts in NYC

By Mitch Waldman | Feb 8, 2014

Commercial Lofts in NYC Commercial lofts are in strong demand as a result of the expansion of the media and tech industries. In fact, Midtown South  with its high concentration of commercial lofts, had a vacancy rate of 6.9% and average rents of $54.33 PSF at the end of 2013. Big drivers of the commercial loft market…

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Hedge Fund Sublease- Steps from Central Park

Hedge Fund Sublease in the Plaza District

By Mitch Waldman | Jan 31, 2014

Hedge Fund Sublease in the Plaza District This hedge fund sublease has everything going for it!        (1) A gorgeous location in a Class A building at 57th Street and Fifth Avenue; (2) Elegant space with an intelligent design; (3) AAA quality Sub-landlord; (4) Well below market rent; and (5) A generous lease term length…

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Below Market Rent on Madison Avenue

Madison Avenue Office with Below Market Rent

By Mitch Waldman | Jan 27, 2014

Madison Avenue Offices with Below Market Rent Identifying office space with a below market rent on  Madison Avenue is challenging. Madison Avenue used to be synonymous with the advertising industry which clustered there. Currently, most of the ad agencies have relocated and the majority of Tenants north of 42nd Street are well heeled financial service firms, with…

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