What to Look for While Inspecting NYC Office Space For Lease When inspecting NYC office space for lease potential tenants don’t always notice important attributes of a property.  People let their emotions interfere when touring Manhattan real estate and don’t always judge the merits of a property as a result. Before submitting an offer a business owner has to evaluate a space carefully. Prior to scheduling a commercial real estate tour, write down the attributes you would like to see in your new location. You can share this punch list with your broker. It will make it easier for a real estate expert to research the commercial office space market on your behalf. It will result in a more productive… Continue reading

Posted in Commercial Leasing 101Manhattan Office Space.
Brooklyn Office was Once Industrial Space

Brooklyn Office Space Market Set to Boom The Lockaway Self Storage Building in Brooklyn is typical of the warehouses and factories that could potentially be converted to office use. This 1890s warehouse, located across from The Brooklyn Navy Yards was originally a shoe factory and then a root beer bottling plant before being shut down years ago.  According to Tucker Reed, president of the Downtown Brooklyn Partnership, this building among many others are ripe for conversion to office space. Tightening Market The Brooklyn office space for rent availability rate (the space that is available now or scheduled to become available within 12 months) in Brooklyn has dropped to 7.8% at the end of June; average asking rents are $32.13, compared… Continue reading

Posted in Brokers & Other Real Estate ProfessionalsCommercial Leasing 101Manhattan Office Space.
New York City's Fashion District

If there’s a reason why the Garment Center is once again in vogue, than look no further than the red-hot real estate market for office and commercial loft space — many with open plans and high ceilings — as savvy business owners who get there first, lock-in long term leases at buyer’s market prices. According to the Fashion Center Business Improvement District (www.fashioncenter.com), 2012 was the first year that more than half the new office/loft space leases signed were from non-fashion related businesses. This huge trend is spinning with momentum as firms of every industry scoop up the best deals in town. Manhattan office space prices have skyrocketed since the recession Alan Rosinsky, head of Metro Manhattan Office Space, Inc.… Continue reading

Posted in Commercial Leasing 101Manhattan Office Space.
Private: Hudson Yards – Next NYC Art Gallery District?

First, there was SoHo. Then followed Chelsea and the Lower East Side. Aspiring artists have always had a home throughout Manhattan, and now it seems the emerging Hudson Square neighborhood is being positioned as an art gallery district. Development projects in Hudson Square may eventually earn the neighborhood the nickname “Chelsea North.” This neighborhood covers the area west of Eighth Avenue from 28th Street to 43rd Street. For years it has boasted parking lots, low-rise buildings and parking garages, but recent developments such as Hudson Yards aim to deliver an influx of enormous commercial office buildings and residential structures scheduled for completion by 2020. Additionally, the No. 7 subway line will be extended to 34th Street and Eleventh Avenue in 2014, and… Continue reading

Posted in Manhattan Office Space.

The new fashion on Seventh Avenue has nothing to do with hem lengths or next year’s colors. Surprisingly, Fashion Avenue, also known as the Garment Center, is the new hot spot for affordable office space with all the amenities and style one could ask for at down-to-earth prices. Case in point, the structural engineering firm Rosenwasser/ Grossman Consulting Engineers P.C. (RGCE), has just signed a 7-year lease for 6,000 sq. ft. of new executive offices at 485 Seventh Avenue, said Alan Rosinsky, of Metro Manhattan Office Space, Inc. (www.nyc-officespace-leader.com; 212- 447-5403).  This 60-year old highly rated engineering firm that designs reinforced concrete towers in New York City, will be moving to their new Garment Center home by late December after… Continue reading

Posted in Manhattan Office SpaceUncategorized.