Downtown
Real Estate News for New York Business- Special Interest Reports
Real Estate News for New York Business Real Estate News for New York Business is a selection of special interest reports from respected industry publications. Links are provided to original content. The Port Authority’s $4B Oculus is finally upon us: VIDEO by Alistair Gardiner, February 25, 2016 Much-criticized WTC transportation hub…
Read MoreLeasing Offices in Downtown New York City in 2016
Leasing Offices in Downtown New York City Leasing Offices in Downtown New York City was compiled using data provided by Costar, the Commercial Real Estate Information Company. Downtown NYC Snapshot: January 1, 2016 $50.45 Average quoted asking rent. 9.1% Total amount of vacant space. “Downtown NYC” is comprised of five sub-markets or districts: City Hall,…
Read MoreFIDI Office Space for Lease
FIDI Office Space for Lease FIDI office space for lease at the end of the third quarter of 2015 averaged a quoted $47.22 per rentable square foot according to Costar, the Commercial Real Estate Information Company. The boundaries of the FIDI (Financial District) sub-market are shown in the map below. A more detailed analysis of…
Read MoreLower Manhattan Offices for Rent- Best Deals In Town
Lower Manhattan Offices for Rent This report on Lower Manhattan Offices for Rent was compiled in September 2015. Availability and pricing can change daily. Contact Cogent Realty Advisors for updated information: (212) 509-4049. Cogent Realty Advisors is a NO FEE Tenant Representation Broker. Rental rates for Lower Manhattan offices have increased over the past year due…
Read MoreDowntown NYC Offices for Rent
Downtown NYC Offices for Rent The information provided here about Downtown NYC Offices for Rent was compiled in August 2015. Contact Cogent Realty Advisors for updated information: (212) 509-4049. Cogent is a NO FEE Tenant Representation Broker. BY THE NUMBERS… Downtown NYC Offices for Rent The sub-markets examined include the World Trade…
Read MoreTech and Media Offices in Downtown NY
Tech and Media Offices in Downtown NY Tech and Media Offices in Downtown NY are a major segment in the leasing market. As reported in the Wall Street Journal, 1.63 million square feet of downtown space was leased to tech companies in 2014. The primary impetus for this activity is economic: at the close of 2014, average…
Read MoreLaw Office Sublease in Downtown NYC
Downtown Law Office Sublease A Downtown Law Office Sublease has just been listed on Broadway in lower Manhattan. This space has many features that make it an outstanding deal. For an introduction to subleases link here- NY Office Sublease- Concepts and here- Sublease Risks and Rewards. (1) Below Market Rent: The asking rent is $34.00 PSF. Comparable…
Read MoreFashion Showrooms for Rent
Fashion Showrooms for Rent Fashion Showrooms for Rent in NYC, in and around the Garment Center, are in short supply in 2015. The primary reason for this is that an improved economy has stimulated strong leasing activity from fashion, TAMI (technology, advertising, media and internet) and professional offices. Other reasons include a re-positioning of some…
Read MoreLower 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 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 MoreWall 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…
Read MoreLower Manhattan Office for Rent
Lower Manhattan Office for Rent If you are looking for a Lower Manhattan office for rent, as of July 2014 there are still great values to be had. The average asking rent in Lower Manhattan for A, B and C class office buildings in Q2 was $45.44 PSF. A multitude of TAMI (technology, media, advertising, internet) companies have…
Read MorePre-built Law Office
Pre-built Law Office Pre-built law offices in NYC are easy to locate when you use the experienced NO FEE Tenant Representation Broker, Cogent Realty Advisors. Because of sustained demand, pre-built law offices are often constructed by Landlords. Additionally, previously occupied law offices are frequently upgraded and re-let. The defining design element of a typical law…
Read MoreFIDI Office Space
FIDI Office Space If your company is searching for FIDI office space the information that follows will be helpful. FIDI (NYC’s Financial District) is experiencing the strongest leasing market in years as a result of it having: (1) the least expensive commercial rents in NYC; (2) renewed the Lower Manhattan Revitalization Plan which provides Tenants with…
Read MoreDowntown NY Office Space
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…
Read MoreRent an Office on Wall Street
Rent an Office on Wall Street If your business plans to rent an office on Wall Street, the information that follows will help you understand the market. Although Wall Street is still regarded the world-over as a capital of finance, the number of financial businesses and buildings catering to them has diminished. As of 2013, of…
Read MoreDiscounted Offices for Rent in Downtown NYC
Discounted Offices for Rent in Downtown NYC If you are looking for discounted offices for rent in downtown NYC, Q4 2013 is presenting some great opportunities. Many Landlords are strongly motivated to lease space at years ‘end because this is an historically slow period for new business. At centrally located 150…
Read MoreDowntown Broadway Office Buildings are Increasing Rents
Downtown Broadway Office Buildings are Increasing Rents Downtown Broadway office buildings are increasing their rents in response to strong demand and diminishing inventory. Many buildings are reporting strong interest from midtown businesses looking for affordable office space coupled with easy access to transportation from the Fulton Transit Center. This summer at Silverstein Properties’ 120 Broadway…
Read MoreLower Manhattan Transportation Revitalization Provides Easy Access to Offices
Lower Manhattan Transportation Revitalization To Improve Access to Offices The $1.4 billion downtown Fulton Transportation Hub, recently renamed Fulton Center, is on schedule to be completed in June 2014. This monumental project which began in February of 2005, will dramatically improve transportation for workers and residents by providing easier access, seamless transfers and new and…
Read MoreBest Office Space For Tech & Media Companies Downtown NYC
Best Office Space for Tech and Media Companies Downtown NYC Downtown NYC provides an excellent venue for tech and media companies because of its existing communications infrastructure. In the past many offices were occupied by financial firms that required high-speed communications. Beginning in 1996 these buildings were upgraded for the “Plug and Go” program which…
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