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Office Rental Rates near Grand Central, Q3 2014
Office Rental Rates near Grand Central in Q3 2014 increased modestly over the prior quarter. In Q3 the average quoted rent (across all building classes) was $61.07 PSF, up 1.22% over $60.33 in Q2. The district recorded a 10.6% vacancy rate spread over 181 buildings with 56,005,436 square feet of space. (Information provided by Costar.)…
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Office Rental Rates in NY- 3rd Quarter 2014
Office Rental Rates in NY- 3rd Quarter 2014 Costar Group, the Commercial Real Estate Information Company reports that the NYC office vacancy decreased from 8.4% in Q2 2014 to 8.1% in Q3 2014. The average quoted office rental rates in NY (all classes) increased to $55.69 PSF, up .06% over $55.37 in Q2. …
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One World Trade Center Office Space for Rent
One World Trade Center is scheduled to open in late Fall 2014. This magnificent tower is the tallest in the US, soaring 1,776 feet skyward and containing 3,038,168 square feet of office space on 104 floors. State-of-the-art in every sense of the word, it includes a sustainable design integrating renewable energy and operating efficiency.…
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Hedge Fund Sublease at Grand Central Station
UPDATE- MARCH 28, 2016: Link HERE for details about New York City’s newest office building constructed for Hedge Funds, Private Equity and Family Offices. Hedge Fund Sublease A turn-key hedge fund sublease has been listed for immediate occupancy at 295 Madison Avenue, at the corner of 41st Street, one block south of Grand Central Terminal. This elegant…
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NY Office Sublease- Concepts and Available Space
NY OFFICE SUBLEASE A NY Office Sublease can vary in terms of its length, size, pricing, the physical condition of the office and what’s included. Two important elements to examine when evaluating a Sublease are: (1) What is the financial condition of the Sublessor- that is the company that “gives” the Sublease; and (2) What is the…
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Renting a 7th Avenue Office near Penn Station
Renting a 7th Avenue office near Penn Station is usually motivated by these factors: (1) the proximity to Penn Station transportation; (2) reasonable rents in high quality “Avenue” buildings; (3) the need to have a showroom or office with a “Fashion Avenue” address. There are still hundreds of fashion businesses renting a 7th Avenue office, as well as…
Read MoreDowntown NY Office Space for Rent- Fall 2014
Downtown NY Office Space for Rent- Fall 2014 examines rents, availability and municipal incentive programs in Lower Manhattan. Downtown NY remains a “value-play” for business demanding more economical rents and leasing incentives when compared to elsewhere in the city. Additionally, substantially improved amenities (the Fulton Center, World Trade Center, parks, restaurants and apartments) are resonating with…
Read MoreClass A Midtown Office Space North of 42nd Street
Is your company looking for Class A midtown office space north of 42nd Street? The Tenant Representation firm of Cogent Realty Advisors is ready to assist you with comprehensive market information and no fee service identifying the best spaces and negotiating the optimal lease terms. Costar, the Commercial Real Estate Information Company defines…
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Wall Street Offices Now Available for Your Company
Wall Street offices now available for your company to rent remain plentiful in spite of strong leasing activity by relocating midtown firms. According to Costar, at the end of June 2014 the Wall Street vacancy rate was 14.8% with an average gross asking rent of $42.31 PSF. The one exception is smaller offices (under 2,500…
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