Call Now: (212) 509-4049
Buying NY Office Space
Buying NY Office Space Buying NY Office Space will give your business the ability to control its occupancy costs in an office market that is recording sustained and significant year-over-year rent increases. The “stabilization” of occupancy costs in combination with long-term asset appreciation, the write-off of interest expense and depreciation, makes economic sense for many…
Read More
Grand Central Commercial Buildings
Grand Central Commercial Buildings Grand Central commercial buildings provide quick access to Grand Central Terminal which contains the 4, 5, 6, 7 and S subway lines; M101, M102, M103, M1, M2, M3, M4, Q32 and M42 buses; Metro North Railroad, and the NYC Airporter. So for most businesses, the rationale for locating in this area is to provide…
Read More
Penn Plaza Commercial Buildings
Penn Plaza Commercial Buildings Penn Plaza commercial buildings provide quick access to Penn Station which contains the 1, 2, 3, A, E, C subway lines, the Long Island Railroad, New Jersey Transit and Amtrak. So for most businesses, the primary rationale for locating at Penn Plaza is to provide convenient transportation connections to employees and clients. The station…
Read More
Office Sublease in Downtown NY- Year’s End 2014
Downtown NY Office Sublease If you are looking for an Office Sublease in Downtown NY, as of December 2014 you will encounter a diminishing supply and increasing rents. Not withstanding, an office sublease remains a compelling work-space option because: (1) The rental rate is typically below that which will be offered directly be a Building…
Read More
NYC Office Sublease, High Quality Midtown Locations
NYC Office Sublease- Overview NYC office sublease inventory is declining as 2014 comes to a close and so is the availability of directly leased space in midtown locations. As a result, the cost differential between subleases and direct leases has narrowed and rents for both continue to trend upward. Nevertheless, in most cases subleases can still…
Read More
Renting an Office at One Grand Central Place
Renting an Office at One Grand Central Place Renting an office at One Grand Central Place provides a high quality work environment with direct access to Grand Central Terminal and all of its amenities. Located at 60 East 42nd Street, it was constructed in 1930 and contains 1,239,482 square feet of space on 53 floors. Recently the…
Read More
Lower Manhattan Office Rental Rates in Q3 2014
Lower Manhattan Office Rental Rates in Q3 2014 Lower Manhattan Office Rental Rates in Q3 2014 increased modestly over the prior quarter. In Q3 the average quoted rent (across Class A, B & C buildings) was $46.11 PSF, up 1.58 % over $45.39 in Q2. The Lower Manhattan sub-market includes the Insurance and Financial Districts…
Read More
Office Rental Rates near Penn Station in Q3 2014
Office Rental Rates near Penn Station in Q3 2014 increased minutely over the prior quarter. In Q3 the average quoted rent (across all building classes) was $48.79 PSF, up 1.05% over $48.28 in Q2. The district recorded a 7.9% vacancy rate spread over 447 buildings with 68,997,436 square feet of space. (Information provided by Costar.) Demand for…
Read More
Luxury Furnished Executive Office at the World Trade Center
Luxury Furnished Executive Office at the World Trade Center If you are searching for a luxury furnished executive office at the World Trade Center, Servcorp is the answer. This is the place to go if your business needs a prestigious address that is recognized the world-over. Servcorp is scheduled to open at One World Trade Center…
Read More