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 $10.00 PSF in rent credits over the term of a lease; and (3) improved neighborhood amenities and transportation. According to Costar, The Commercial Real Estate Information Company, average asking rents across Class A, B & C buildings have climbed from $39.13 PSF in Q2 2011 to $43.05 PSF in Q2 2014.
Refer to chart below. Data shown includes FIDI, the Insurance and World Trade Center sub-markets.
FIDI Office Space- 2014 Leasing Opportunities
MAIDEN LANE: Class B Office building – 24/7 attended lobby.
Landlord will Build-to-Suit. Asking rent $40.00 PSF.
BROAD STREET: Class B Office building – 24/7 attended lobby.
Landlord is Pre-Building Offices as shown. Asking rent $36.00 PSF.
WALL STREET: Class B Office building – 24/7 attended lobby.
Landlord is Pre-Building Offices as shown. Asking rent $37.00 PSF.
For a July 2014 update about downtown office space, shopping and dining click HERE.
SMART Strategy for leasing fidi office space
Building Agents (the Landlord’s Agent) are under contract with a building owner to lease space at the highest rents possible. Companies that negotiate directly with a Landlord or its Agent are at a disadvantage because they are unaware of: (1) all of the available spaces and the pricing in comparable properties; (2) the economic terms of recently signed leases; and (3) local market practices. By hiring a an experienced Tenant Representation Broker you can be assured of the best deal when you are leasing FIDI Office Space. Cogent Realty Advisors is a NO FEE Tenant Representation Broker with over 15 years of success. Contact Mitchell Waldman today: (212) 509-4049.