How Long Will It Take You To Lease a New Office In Manhattan? The commercial leasing process in New York City generally lasts anywhere from a few months to a year. In order to estimate the length of time it takes to acquire a new space, it is essential to understand the key steps involved; from determining your architectural needs, searching for the right space, negotiating business terms and lease language, to completing construction. Contact a commercial real estate expert at (212) 447-5403 who can explain the steps below in detail and help you lay out a course of action to locate the perfect Manhattan office rental for your business or organization. The timeline described below applies to any types of commercial real estate rental in New York… Continue reading

Posted in Commercial Leasing 101Manhattan Office SpaceUnderstanding Commercial Lease Language.
The right office creates an environment of trust and stability for your clients.

Manhattan office space prices are mainly set by location (neighborhood), access to public transportation, office building rating (Class A, Class B, Class C). Improvements that the landlord agrees to make to space for a new tenant also counts. Landlords quote Manhattan office space prices on a per Square Foot basis rather than on a total monthly cost. But you can easily calculate your monthly rent: multiply the per annum Square Foot price by the square foot measurement of the space and then divide by 12. As of August 2013, office space pricing in Manhattan ranges from a low of $28.00 per Square Foot to $140 per Square Foot per year.  Inexpensive commercial office rentals are located in The Garment District,… Continue reading

Posted in Manhattan Office Space.

Unlike most areas of the country, in Manhattan commercial landlords employ the concept of renting “rentable” square feet when they lease a space, be it office space, retail space, medical space, showroom or loft space. To understand this concept more clearly one needs to recognize the premise that a landlord always wants to rent every square foot of space in his building. Naturally, this is not possible from a physical standpoint since designated common areas of the building, such as public bathrooms, stairwells, elevator shafts, mechanical rooms, common corridors on divided floors, etc are meant for all tenant’s use and therefore cannot be leased to individual tenants. Hence the landlord apportions a percentage of the common areas to each tenant… Continue reading

Posted in Manhattan Office Space.
Checklist for Your NYC Office

The location of your business is deeply tied to its success, but finding a new rental space can be complicated. What is the best way to conduct a New York office search? How can you find the best office space in Manhattan? Extending your current lease or seeking to expand the space you rent in your current building are great ways to avoid the costs incurred during a relocation. But if relocation is necessary, there are cost-effective measures you can take to make your New York office search financially palatable. Use the checklist provided below to arm yourself with answers to some of the most important questions. Your New York Office Search Checklist What are your goals for your rental… Continue reading

Posted in Commercial Leasing 101.
8 Key Questions

Before calling a New York City commercial real estate broker to help you rent Manhattan office space, ask yourself these eight key questions. Your answers will facilitate your search and help you find the best space at the most favorable lease terms. 1. How much Manhattan office space do I really need? Use our office space calculator to determine how much square footage you require. Input the desired number and size of offices, number of cubicles, conference rooms, bullpen areas, break rooms and reception areas, and our calculator will generate an approximate square footage. Take the following factors into account when determining ideal square footage: Existing head count in your space Projected future growth of your staff Square footage of your… Continue reading

Posted in Commercial Leasing 101.